STRBTC broke through wedge now what?
STR pump broke through long trend wedge. Now it has same trend pattern as the double peaks we saw earlier. So it could either make the next peak or fizzle out due to no real volume as the pump dies down and thus it goes back into old trend pattern towards bottom (as seen in green on chart) before a real bounce happens or perhaps this breakout is what the bulls need and we will see this baby rise after the 2 peaks as shown in blue... Though it is still possible that after the two peaks in blue it will fizzle out towards bottom again. Must remember that this coin was pumped in May due to Press and thus it is not widely used enough to sustain such price volume atm which is why it keeps going down. This pump was probably thanks to the rise in BTC, but that is hardly a leg for STR to stand on.
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.