CSTR trade ideas
is CSTR getting ready for a new run?So this is a Canadian company that sells mining rigs and soon to start self-mining. If Bitcoin and Ethereum start a new bull run CSTR can react nicely. We have retraced to 78% Fib retracement, found what I believe to be the bottom, and broke the down trend.
There are good news and good fundamentals about the company located in Alberta. I believe this is a cheap price and has good potential. Take a look at the likes of HIVE, Bitfarm, and SOS.
Big money is already in, and once we start moving, FOMO will help.
Do your own DD, not a financial advice. GLTA. I hold a long position btw.......lololololol to the moon
CSTR.CA: Bullish PennantBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50
Cons:
200MA Flat
Target:
PT = 1.26$
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