Taking a look at the weekly macro time frame for Stratis, I couldn't help but notice this fractal . It's a head and shoulders pattern, but the time frame of this pattern from 3 years ago matches exactly that of today September to March. This could be a coincidence, but it could also be an indication that Stratis is about to explode. If it does, an early entry now...
Stratis (STRATBTC) couldn't remain above MA200 and prices dropped below this level.
The good news is that bullish divergence exist with the MACD and a higher low was printed, this can signal that the retrace is over and Stratis will soon resume its growth.
The arrows on the chart mark my main bullish scenario. This is what we believe will happen after the higher...
- Falling Wedge Breakout & Retest Done in DAILY TF.
- RSI & MACD Bullish Divergence As well.
- Expecting 25-35% Profit in Coming Days..
Buy Between 36-38 Sats
Sell Targets 44-52-56 Sats
Stop loss Below 34 Sats
Please, give us your opinion in the comments!
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this asset already served us well in the past and these days it's kinda hard being long on any shitcoin. If we don't keep trying we will never know. Don't panic in this market, short when you have to and long when you have a good signal. Some coins do the opposite of the market , remember that.
Now, setting alert on trendline and waiting for how this will play...
As you can see, most assets are moving with the total market cap and sometimes tend to move against it. This one clearly illustrates the first scenario and should be traded accordingly.
Will post another asset that move against the cap shorty.