Stratis flag forming - but which way will it break? w/ targets.
Bearish cross on the hourly, but still bullish on the 4h. Strat is in wedge consolidation and it's not looking to have a lot of momentum to break out at the moment. The next day or so will be important for it.
Hourly cci is cautiously green,
if it does break out it will have to retest the 20 and 50 moving average as support before i'll call it a buy, but if it does it may go a fair bit higher. 94k sats looks like a good target for it, and eventually the daily 2000 at 140k sats. So there's good upside against BTC for the next few months or so.
If it does break below, 56566 is the 0.268 fib of the last move, and would be super solid support. 60522 is the .382 and the 200 MA on the hourly. Another good support level, and if it holds a great buyin point to enjoy the practically inevitable rise.
However, a 4h close below the 200 MA would signal that we're going lower, so if 56566 really should hold as support if this upside is to remain on the table.
Hourly cci is cautiously green,
if it does break out it will have to retest the 20 and 50 moving average as support before i'll call it a buy, but if it does it may go a fair bit higher. 94k sats looks like a good target for it, and eventually the daily 2000 at 140k sats. So there's good upside against BTC for the next few months or so.
If it does break below, 56566 is the 0.268 fib of the last move, and would be super solid support. 60522 is the .382 and the 200 MA on the hourly. Another good support level, and if it holds a great buyin point to enjoy the practically inevitable rise.
However, a 4h close below the 200 MA would signal that we're going lower, so if 56566 really should hold as support if this upside is to remain on the table.
Trade active:
Strong push to the first fib level at 84637
I'd say we're still on.
I'd say we're still on.