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STRBTC weekly channel
Bias on the STRBTC chart stays strongly bullish. The STRBTC price is higher than support zone, the price never went lower than 50% Fibonacci level of the global uptrend and remains above the Angle support line.
Nonetheless, the upper resistance levels of 0.000048 (23% Fibo and last high), 0.00005 resistance and Angle resistance (forms the upper boundary of the global correctional Flag pattern) still looks strong.
Also, public holidays in Asian countries this week will drag liquidity from the markets, which is needed for breaking the resistance levels and igniting strong movements.
So, for the nearest days scenario of lateral movement in the 0.00004 - 0.00005 channel or between Angle support and Angle resistance seems fair.
Nonetheless, the upper resistance levels of 0.000048 (23% Fibo and last high), 0.00005 resistance and Angle resistance (forms the upper boundary of the global correctional Flag pattern) still looks strong.
Also, public holidays in Asian countries this week will drag liquidity from the markets, which is needed for breaking the resistance levels and igniting strong movements.
So, for the nearest days scenario of lateral movement in the 0.00004 - 0.00005 channel or between Angle support and Angle resistance seems fair.
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