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

#STRAX is currently breaking out above the 35 EMA and the resistance trendline. With only 8 hours and 28 minutes left until the daily candle closes, STRAX must close above the resistance trendline for bullish confirmation.The price is within the accumulation range, and a rally toward the primary resistance at $0.573 is likely.In a bearish scenario, accumulating STRAX between $0.0345 and $0.0436 could be considered a worthwhile buying opportunity.Key levels:- Confirmation: A breakout above the 35 EMA and resistance trendline.- Accumulation: $0.0345 to CMP.- Lower Support: All-time low at $0.0345.- Primary Resistance: $0.0573.- Targets: $0.0573, $0.0741, $0.0937, $0.1103, $0.146.DYOR, NFA.Like, share, and follow for more.Thank you.#strax #cryptocurrency