#STAK/USDT#STAK
The price is moving within a channel pattern on a 1-day frame, which is a retracement pattern
We have a bounce from a green support area at 1.07
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price is 1.20
The first goal is 1.53
The second goal is 1.72
The third goal is 1.93
Stakeusd
STAKE ready to explode! (*beautiful cup and handle pattern*)Fundamental analysis:
Stake was endorsed by Vitalik 6 months ago but people forgot due to lots of new hype around NFTs and DeFi.
As far as I'm aware Matic and xDai(STAKE) are the only 2 Ethereum second layer solutions ready right now!
Both projects have a 50% circulating supply from the max total token supply.
Matic has an approximately 20x bigger market cap than Stake.
Stake is still not listed on major exchanges which represent multiple X potential in price appreciation.
Technical analysis:
Beautiful Cup and Handle formation is in correlation with fundamentals and market cycle.
Target1: $72
Target2: $104
Target3: $200
This is not financial advice.
Please do your own research.
Happy trading!
Bullish AFSometimes we look at the right chart at the right time, and I think this is gonna be one of those.
Initial wave in Aug-Sep is well defined and we've been consolidating for about 4x that amount of time which is pretty nuts, but we did run from $2 to $40 so a 20x gain does call for a long complicated correction after.
This look great to me. Just gotta buy more now.
Conservative ABC target is $300 and Wave 3 impulse target is $1900!
(This is NOT trading advice. Simply my opinion.)
Xdai Layer 2Just break up this trend line.
Fundamental are good hope to see a retest of the trend line and continuation upward