No trading advice!
The altcoins and Bitcoin are probably in wave 5, and Stratis is no exception to this.
We´ll see the peak perhaps at 23.6% (8.40$) - followed by an ABC - correction.
Also this could be the chart pattern "cup with handle" - if the ABC - correction won´t lead to deep prices.
In this positive case the next motive wave (12345) could bring the price up to 16.5$ (61.8% fib retracement)
Stop:
If Stratis breaks support at 5.4 (swing trend line). The positive trend channel should be stable till reaching the fib retracement 23.6% - otherwise the trend would be broken earlier!
Watch RSI: If it breaks the long trend to the bottom this would be another alarm signal.
The altcoins and Bitcoin are probably in wave 5, and Stratis is no exception to this.
We´ll see the peak perhaps at 23.6% (8.40$) - followed by an ABC - correction.
Also this could be the chart pattern "cup with handle" - if the ABC - correction won´t lead to deep prices.
In this positive case the next motive wave (12345) could bring the price up to 16.5$ (61.8% fib retracement)
Stop:
If Stratis breaks support at 5.4 (swing trend line). The positive trend channel should be stable till reaching the fib retracement 23.6% - otherwise the trend would be broken earlier!
Watch RSI: If it breaks the long trend to the bottom this would be another alarm signal.