We have seen the begin of a new 2 weeks ago, actually we are within a big triangle of consolidation;
Many indicators are showing uptrend way :
Daily in territory
in oversold condition
Uptrend on the daily
1.8% retracement of the lastest big upside prevented further lost, I think we will never see this level on STR again.
I think a good enter is now, if you want more confirmation you can wait for the 572sat level for buy.
My targets are :
- TP1 : previous ATH at 850sat, 200 may previous further gain
- TP2 : 1207sat at 1.618 fib extension
- TP3 I think this is a long term upside, it eventually depends of the move of BTC , If there is a strong upside on BTC in next mounths, STR may not follow it.
Let's see how it react on the fib retracement. 500 sat level. I expect it to hold. Should sell under this level