The facts that STRUSD stay on top of the support zone and 61.8% Fibonacci level of the global trend talks in favor of the bullish scenario.
The pair is drawing a bottoming pattern, and if we consider this coin as an investment opportunity, such low prices would be a good place to buy.
Nonetheless, there are couple strong resistance levels from the upside, which have to be broken to confirm the beginning of the uptrend.
The 0.4 resistance is being tested now, but low volumes and slow momentum question the possibility of the breakthrough in near-term.
Scenario: rebound downwards from the 0.4 and one more test of the angle support line; Then deeper correction or bounce-off from the angle support line and testing of the resistance angle and 0.47 level.
The pair is drawing a bottoming pattern, and if we consider this coin as an investment opportunity, such low prices would be a good place to buy.
Nonetheless, there are couple strong resistance levels from the upside, which have to be broken to confirm the beginning of the uptrend.
The 0.4 resistance is being tested now, but low volumes and slow momentum question the possibility of the breakthrough in near-term.
Scenario: rebound downwards from the 0.4 and one more test of the angle support line; Then deeper correction or bounce-off from the angle support line and testing of the resistance angle and 0.47 level.