After a deep consolidation that has developed during the June timeframe, Stratis may finally have hit bottom. It has hit a key support level multiple times during this consolidation but has continued to find resistance along the descending trend line . That declining trend line is now meeting the horizontal support which also happens to coincide with a key Fibonacci retracement level. Below is the daily chart of STRAT/BTC.
Volume has been drying up during this correction which is a bullish sign that the selling may be nearing its completion. I believe this is the low for Startis and it's getting ready to move higher. Look for a bit volume pop above the declining trend line and shorter term moving averages.
I've posted a video recently covering Stratis along with a few others that may begin moving higher here. Those include Antshares, NEM, & Ripple.
Go antShares!! Yeah I'm the 1st follower! Blog well done
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks! I'll keep the updates coming!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey Node! How are you doing. Good to finally see you on steemit. People have already been uploading you posts on here :D You will do great. I also talked to you on Twitter recently. Follow my channel here if you like geopolitical updates, and new on the middle east. I will def be following and upvoting you sir!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi! Been following your updates for about a month now, nice to see you on Steemit!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I was hoping for STRATIS to do well but sadly the weekend dump killed that movement. Got 73 STRATIS and then it bombed.
I'll keep them until they recover :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit