Technical analysis by persis10t about Symbol STRAX: Buy recommendation (9/19/2024)

Join our community and start your crypto journey today for:In-depth market analysisAccurate trade setupsEarly access to trending altcoinsLife-changing profit potentialLet's analyse TIAUSDT both fundamentally and technically.FUNDAMENTAL ANALYSIS:Stratis is a blockchain platform that enables businesses and developers to build decentralized applications (dApps) and smart contracts. Key features include:Blockchain as a Service (BaaS): Allows businesses to create private blockchains easily.C# Smart Contracts: Developers can write smart contracts in C#, making it accessible for .NET users.Custom Blockchains: Users can tailor blockchains to their specific needs.Interoperability: Facilitates communication between different blockchains.Enterprise Focus: Targets businesses in sectors like supply chain management and financial services.Stratis aims to simplify blockchain adoption for enterprises and developers.TECHNICAL ANALYSIS:STRAXUSDT has shown a bullish breakout, breaking out of a triangle pattern. The price is currently trading above the 21-day and 50-day moving averages, indicating a potential uptrend.Despite the 80% increase in trading volume, the price has not seen a significant move. This could be a sign of accumulation, suggesting that a breakout may be imminent.Buying Levels:CMP to $0.0419Target Levels:$0.0590, $0.0833, $0.01199Hold for 3-4x in long term.If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.Happy Trading!!