After the initial up move from status, followed by some healthy consolidation, status is looking primed. Bollinger bands squeezing, indicating a move in either direction is due. Currently sitting on cloud support, as well as the 50% fib retracement of the entire move. Adding to that, the stochastic RSI is at the bottom for most of the mid to high timeframes, indicating there is room for a strong up move. And of course a promising project.
Note
38% retracement held during the downward pressure on the entire marketcap, and now on top of the 6h cloud. If this holds, a breakout will follow sooner or later. Target 7000-10000 sats.
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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.