MSTR, COIN and CRCL Forecasts – Crypto Stocks Looking to Rally

Strategy Technical Analysis

Strategy Incorporated looks like it’s going to gap higher to kick off the trading session on Monday, which is not a huge surprise. We’re seeing Bitcoin rally through the weekend as it was announced that the United States and Japan are going to sign an agreement so that they can move forward with a lasting peace. Now, whether or not that actually happens still remains to be seen. There are some details that in the news look a little sketchy to me, but at this point, it looks like Strategy is going to bounce right along with Bitcoin.

Perhaps Strategy has found a floor near $120. It’s also worth noting that Michael Saylor had recently sold 32 Bitcoin, but in the big scheme of things, that’s nothing.

Coinbase Technical Analysis

Coinbase looks like it’s going to jump as well. It also looks much like Strategy, a market that is trying to find some type of bottom. It’ll be interesting to see how this plays out, but I think we could make a move towards the 50-day EMA if the risk appetite continues to be strong. Short-term pullbacks at this point in time continue to see the $150 level act as a bit of a floor.

Circle Technical Analysis

And finally, Circle looks like it’s going to jump as well. It is a little more bearish looking than the other two charts in this analysis, mainly due to the fact that we had broken a major swing low. That being said, it generally will move with the other stocks, so if crypto starts catching a bid, Circle might be a roundabout way to play that. All things being equal, it looks like the $90 level above could be a little bit of a barrier, though, so be aware of that.

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