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Stratis Bulls in Control

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Stratis (STRAT)

Market Cap. $775.46M

Circulating Supply: 98.84M STRAT

Max Supply: 0 STRAT

Volume (24h) $16.00M

 

 

Stratis Coin Price Prediction: STRAT/USD rose up to 8.09944618 today and passed above 7.90072126, yesterday’s highs. The crypto has increased by 30.24% in the last 7-days, signalling that the buyers are very strong. STRAT/USD has managed to climb above a strong dynamic resistance line but it remains to see if this will be a valid breakout.

It is close to reaching a very strong static resistance, that’s why we have to stay away from this crypto for now because only a valid breakout will confirm a further increase towards the 10.00000000 psychological level.

STRAT/USD chart

STRAT/USD has closed above the 50% Fibonacci line in yesterday’s trading session signalling that we may have a valid breakout. A valid breakout above the 23.6% retracement level will validate a further increase towards the median line (ml) of the ascending pitchfork and the upper median line (UML) of the descending pitchfork.

Only an aggressive bullish momentum will drive the rate towards the confluence area formed between the median line (ml) with the UML. The confluence area acts as a magnet and attracts the price. The several retests of the lower median line (lml) have signalled an increase at least till the median line (ml). So, we need a valid breakout above the WL1 and above the median line (ml) to be convinced that the rate will move towards the 38.2% retracement level and towards the next upside targets.

Conclusion

The pair will maintain a bullish perspective as long as it is trading within the ascending pitchfork’s body. If you want to go long, you can place a Stop Loss below the 5.49432004 low.

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