Stratis forming a double bottom at $2.80
Bullish reversal pattern which will make a 20%-30% profit if traded correctly.
Current support & resistance levels have been forming for a few months so it makes them reliable. Any sort of break upwards could potentially lead to $4.80 into the future.
It’s currently in the process of breaking minor support at $3.35 so anything further would result in $2.80 being next support level.
Waiting for STRAT to drop into the oversold area on RSI which will signal a strong buy!
In the 1 Day Picture - The 200 Day MA is at around $4.80. This is a good sign as it gives Stratis the potential for a big run.
Analysis: LONG STRAT @ $2.80
Recently I have come up short of choosing the exact entry point, so i’d advise everyone to use dollar cost averaging and buy STRAT in small batches so that incase it does shoot up through resistance then we can see some moderate gains without missing out.
Bullish reversal pattern which will make a 20%-30% profit if traded correctly.
Current support & resistance levels have been forming for a few months so it makes them reliable. Any sort of break upwards could potentially lead to $4.80 into the future.
It’s currently in the process of breaking minor support at $3.35 so anything further would result in $2.80 being next support level.
Waiting for STRAT to drop into the oversold area on RSI which will signal a strong buy!
In the 1 Day Picture - The 200 Day MA is at around $4.80. This is a good sign as it gives Stratis the potential for a big run.
Analysis: LONG STRAT @ $2.80
Recently I have come up short of choosing the exact entry point, so i’d advise everyone to use dollar cost averaging and buy STRAT in small batches so that incase it does shoot up through resistance then we can see some moderate gains without missing out.
Comment:
It's gone a little off track but the goal is still $2.80, if it breaks out of the current levels then I will do another analysis.