STXUSD near the bottom of its Rising Wedge.

Stacks (STXUSD) had a Double Top rejection this week on its 1D MA50 (blue trend-line) and is approaching the bottom of the long-term Rising Wedge pattern. With the presence also of the 0.382 Fibonacci, this is the strongest buy signal since February 15. The 1D MA200 (orange trend-line) is right below it and the 1D RSI is close to the 30.00 oversold level. We are turning into buyers again, targeting the 0.786 Fibonacci at 1.80000.

Tradingview link:

https://www.tradingview.com/chart/STXUSD/wZb85hGN-STXUSD-near-the-bottom-of-its-Rising-Wedge