STRAT chart suggests a consistent and gradual growth since the release of the said coin. Chart shows that old support at 130,000 is failing and next support level is at 120,000. Buy target is between these support lines. It is important to note that BTC is currently having a hard time holding its price above $12,000. This caused investors to retract their...
Decided to do another TA on Stratis. Long term this time.
Found the last major rally, then looked for the bullish pennant (purple triangle) that we obviously broke out of and upward (since the upward trend of Stratis has been continuing for many months).
From there, I checked the retrace after the rally and it appears we touched the 61% fib retracement line...
Good triple bottom bounce and a double top that finally got broken. It was met with a strong retracement only to bounce of the previous double top. Seem likely that we might see Stratis revisiting the 7 dollar mark.
Description of analysis: Critical moment for Stratis, i would not like to short Stratis after this run and all infos in the market, as Stratis can be a good platform from a very influencial people behind. So just buy the dip.
Exit price: (D) or hold
Resistance to watch: (A) (E)
Support to watch: (D) first elliot waves
Exit position fraction:...
Stratis is close to a break-out, I think we will see a little pullback first which would allow for a perfect entry ( hedge in if needed ) this is supported by STOCH RSI strongly in overbought and P already high, furthermore the down-channel has been strong and tested multiple times over the last months. Trade active if it breaks - out and look for confirmation above $5.30