Stratis double top while bitcoin/usd recovers. Re-entry targets.
Stratis seems poised for a retrace to support while bitcoin recovers some ground against Fiat.
Bullish support is anywhere between 75 and 69. 70668 looks like a perfect candidate, a fib level intersecting a moving average. Might put some buy orders there.
64326 would still be called bullish support, as it's above the hourly 200 moving average. This shows just how well Stratis has been doing these last two days!
I really don't want to see it below the 200 moving average on the hourly. This would mean a retrace down to the 4h 200 and at least for now, an end to it's bearish perspective.
TL;DR : Short term bearish, medium term bullish as long as we stay above 61k.
Bullish support is anywhere between 75 and 69. 70668 looks like a perfect candidate, a fib level intersecting a moving average. Might put some buy orders there.
64326 would still be called bullish support, as it's above the hourly 200 moving average. This shows just how well Stratis has been doing these last two days!
I really don't want to see it below the 200 moving average on the hourly. This would mean a retrace down to the 4h 200 and at least for now, an end to it's bearish perspective.
TL;DR : Short term bearish, medium term bullish as long as we stay above 61k.
Comment:
So far the 15 minute 50 moving average is holding as support. we could horizontal here till the 200 catches up and never drop lower than we've gone so far.
Comment:
Especially if BTC/USD keeps going lower.
Trade closed: target reached