MicroStrategy has been consolidating within a textbook ascending triangle pattern, with a clear resistance around $520 and rising higher lows forming solid support. Price action remains inside a strong bullish channel, hugging the 50-week MA and riding above the 200/350 MAs.
A breakout above $520 could trigger a strong continuation toward the upper bounds of the channel, with potential long-term targets around $1300 if momentum aligns with Bitcoin strength.
Watching for volume confirmation and weekly close above resistance for validation. Breakdown below the yellow trendline would invalidate the setup.
A breakout above $520 could trigger a strong continuation toward the upper bounds of the channel, with potential long-term targets around $1300 if momentum aligns with Bitcoin strength.
Watching for volume confirmation and weekly close above resistance for validation. Breakdown below the yellow trendline would invalidate the setup.
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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.