Update on the analysis of the $SQR token [04.03]
Just a refresher
Well, today we have 04.03, and from my preliminary analysis we see that the volumes are going up even more, which means there is a serious buyer on the market.
You also worked out the ascending triangle and reached a price of $0.70 for 1 $ SQR token. My take profit was set at $0.75, a little short of this goal.
Same as technical analysis
So far we have tested from top to bottom our ascending triangle and are confidently moving on, in accordance with the increasing volumes.
From the point of view of technical analysis, everything indicates that the SQR token confidently goes to the price of $1 for 1 SQR token.
In addition, to this, I would also like to draw attention to the fact that the number of blocked SQR tokens in the company from the Magic Store is becoming more and more every day, this also stimulates the market to move only upwards, since the number of holders of the SQR token is becoming more and more every day.
My recommendation:
After rolling back to the price of 0.55 approximately, then gain a long position and hold it to a take profit of $1 per SQR token.
In my opinion, the price of $1 will be reached approximately in 2-3 months.
Well, today we have 04.03, and from my preliminary analysis we see that the volumes are going up even more, which means there is a serious buyer on the market.
You also worked out the ascending triangle and reached a price of $0.70 for 1 $ SQR token. My take profit was set at $0.75, a little short of this goal.
Same as technical analysis
So far we have tested from top to bottom our ascending triangle and are confidently moving on, in accordance with the increasing volumes.
From the point of view of technical analysis, everything indicates that the SQR token confidently goes to the price of $1 for 1 SQR token.
In addition, to this, I would also like to draw attention to the fact that the number of blocked SQR tokens in the company from the Magic Store is becoming more and more every day, this also stimulates the market to move only upwards, since the number of holders of the SQR token is becoming more and more every day.
My recommendation:
After rolling back to the price of 0.55 approximately, then gain a long position and hold it to a take profit of $1 per SQR token.
In my opinion, the price of $1 will be reached approximately in 2-3 months.
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