#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...
A break above $33 will signal higher prices to come.
Below $25 is a sell sign though and would mean that this little uptick I've drawn out may just be an upward corrective move with more downside to come.
If you can wait 1-3 years for a serious gain, this is a good one.
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...
it's my play for this summer
No pair Stake/BTC
Not even in big exchange
More tx than Matic "Polygon"
More Scalable
Fast Growing
POA network
Xdai stablecoin
