📊 Powerful Bullish Signals | MicroStrategy IncorporatedClassic yet power signals... Let's dive in.
Another Cryptocurrency stock, which is the only reason why you are seeing/reading this analysis here... We focus mainly on Cryptocurrency.
MicroStrategy (MSTR) is long-term bullish and just now support is being confirmed short-term, proving that a new move/bullish resumption can happen anytime.
Let's start with the long-term signals, MSTR has been producing higher lows long-term.
December 2022 (higher low) vs March 2020.
The action between August 2022 and June 2023 forms the cup of a classic cup and handle pattern and also the break and confirmation of EMA50 as resistance which makes this pair bullish long-term (we are looking at the weekly timeframe).
The correction from July through present time forms the handle of the classic cup and handle pattern or simply a small falling wedge. This is all happening above EMA50, confirming this once resistance level now as support.
Since MSTR has been trading above EMA50 for an entire month, always closing above, we can soon expect the resumption of the bullish trend.
We are looking at targets such as 684 and the mid-700s short-term, with much more possible in the long-term.
Everything is pointing up.
Even with fluctuations/price swings in the short-term, nothing changes...
Expect massive bullish in 2024 as we saw in 2020.
Namaste.
