STRAX/TRY (Stratis/Turkish Lira) Chart Analysis
1. Price Movement:
- The price has been trading within a descending triangle pattern since January 2022.
- Recently, the descending triangle was broken strongly, powered by the Exponential Moving Average (EMA) 100.
- **Current Price:** Around 1.277 TRY
- **Expected Correction:** Approximately 1.06 TRY before further growth.
#. Technical Indicators:
- RSI (Relative Strength Index): Neutral
- Stochastic Indicator: Neutral
- Moving Averages (SMA and EMA): Mixed signals
- Remember, technical analysis isn't investment adviceâalways conduct thorough research.
Keep an eye on market conditions, and happy trading! đđ
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