We have a bottom formation on the STPTBTC chart, a very nice one I should say based on the accompanying signals.
The pattern is just a v bottom, quite common but coupled with the strongly bullish RSI (70.4 weekly) and the MACD, this is a significant signal.
Back in 2021 we saw a 1,325% bullish wave after this pattern showed up... It is possible to see similar growth but we are not greedy, so we are happy with whatever comes.
A strong yet good target can be seen at 0.00000814 or 259%. There can be more or less growth in the coming months but surely more if we focus on the long-term.
This target we are expecting to see within the short or medium term but keep in mind that things can change.
Always have a plan before trading. Prepare to wait long... Sometimes our expectations say 1 week and we end up having to wait for 3 months, that's how it goes.
We can only read the charts and spot the signals, the market decides when everything grows.
It can take longer than expected but sometimes it can move faster than expected as well... Just be prepare for all scenarios and make sure to do your own research.
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