Welcome Back Apostles!
Crypto's are looking more and more bullish wouldn't you say? These are exciting times for us traders and long term HODL'ers...
The coin of todays conversation is Stratis and why I believe we will see a strong reversal through May.
Taking a look at the daily chart we can see where prices rallied, followed by the ABC retrace that led us to current position.
Price broke out of the bottom formed at the end of the ABC correction and made a small market cycle in the form of the first lower high.
The present lower high is a very important level for Stratis and the likelihood of a reversal will be determined relatively soon...
Strong resistance can be found at around 150K sats, and a breakout of that point would confirm a successful double bottom reversal.
Below, i will post some examples of double bottom formations, and what you can expect with a successful breakout of the lower high.
Thank you for tuning into the frequency of the Divine.
May this month be a profitable time for us all ;)
Crypto's are looking more and more bullish wouldn't you say? These are exciting times for us traders and long term HODL'ers...
The coin of todays conversation is Stratis and why I believe we will see a strong reversal through May.
Taking a look at the daily chart we can see where prices rallied, followed by the ABC retrace that led us to current position.
Price broke out of the bottom formed at the end of the ABC correction and made a small market cycle in the form of the first lower high.
The present lower high is a very important level for Stratis and the likelihood of a reversal will be determined relatively soon...
Strong resistance can be found at around 150K sats, and a breakout of that point would confirm a successful double bottom reversal.
Below, i will post some examples of double bottom formations, and what you can expect with a successful breakout of the lower high.
Thank you for tuning into the frequency of the Divine.
May this month be a profitable time for us all ;)