Strat - Correction down to 88%, retesting of upper resistance?
Strat already reached a correction-level of more than 88% compared to the complete rise (just for comparison):
Currently sitting on a support and driven by good news during the last weeks, we can see now it is heading towards the first downtrendline.
In case we broke this line, i expect a rise to the next major downtrendline at around ~73-74k Sat and a possible retest of the lower bullish trendline.
Target after breaking the 2nd. bearish trendline is around 95k Sat.
I recommend to wait for breakout of the 1. downtrendline.
It is still possible that we break through the support and coming down to pre-pump price (which would be insane).
Currently sitting on a support and driven by good news during the last weeks, we can see now it is heading towards the first downtrendline.
In case we broke this line, i expect a rise to the next major downtrendline at around ~73-74k Sat and a possible retest of the lower bullish trendline.
Target after breaking the 2nd. bearish trendline is around 95k Sat.
- RSI oversold on 4h Chart
- MACD is depending on the current 4h candle, may show a change in movement direction
- First retest of upper resistance closed over Bollinger Bands, bands are spreading so potentially space for a good pump..or dump
- Some good volume already accumulated, but i think we will need more..people will sell as soon as they are in profit-range because the bought to high
I recommend to wait for breakout of the 1. downtrendline.
It is still possible that we break through the support and coming down to pre-pump price (which would be insane).
Comment:
Broke Support due to BTC pump, but i still think Strat will break this downtrend after market is stable.
Comment:
2nd try worked ;) Upper trendchannel is the next target
Comment:
Support at the new support line holds, free for retesting the resistance at ~95k Sat