Long
STRAT on it's way to 87k
Looking at the VPVR STRAT seemed to have build a nice strong base in the 50k-53k area. STRAT has been trying to break out a few times already but has trouble to break through the 12hr cloud at 61k. At this moment it is building up another run to try to break through this resistance zone. A clear outbreak above 61k with a 12hr candle close above 61k would be a good entry for a trade with as first target the daily cloud resistance at 88k.
Note
Note
As expected STRAT has broken through the 12hr cloud and is currently accelerating pace. It entered the daily cloud and I expect it to test the 85k daily resistance in the next couple of days. The STRAT/USD pair broke out of it's descending triangle and is on it's way to all time high at 12 USD.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.