Stratis (STRAT) Forecast II Breakout
Stratis (STRAT) is one of my favorite crypto project and so I would like to share with you an analysis of this coin. I think this project is really undervalued and will rise in 2018 to reach top 10 of Coinmarketcap. You can find details about this project on the official Stratis Website : stratisplatform.com/
Overview of the situation : Stratis has reached its ATH in summer 2017 then has declined until end of October 2017, like of altcoins that were strongly present last summer on the market. During November & December, Stratis has consilated and started to break the negative trend it has been following for months. As it is drawing a huge & wonderful cup, we have notice a strong decrease in early February despite huge news like the announcement of 2 ICOS and a partnership with C#Corner. After reaching 0.00160, the market situation has became terrible with a a weak Bitcoin and a global marketcap which has been divided by 2 since the 1th January.
Looking at the Stoch, RSI we can see that Stratis is low and should invert the trend soon and leave the descending channel it has been following this week. Stratis is now in a good situation to reach new highs 2018. The market is recovering and so the alts are becoming greener these days even if we still have to be careful. We are coming at the end of a huge triangle which started in June 2017 which will show us a strong change in the trend of the coin. I am expecting a breakout before the end of April breakout.
Buy zone : Between 800 - 950
Targets :
*resistance zone possible around 1024 (low of Ichimoku Cloud)
(1) 0.00132
(2) 0.00188
(3) 0.00233
(4) 0.00278
(5) 0.00342
(6) 0.00424
Thank you for your reading,
I will post some updates about my thoughts and indicators performance for this coin.
Overview of the situation : Stratis has reached its ATH in summer 2017 then has declined until end of October 2017, like of altcoins that were strongly present last summer on the market. During November & December, Stratis has consilated and started to break the negative trend it has been following for months. As it is drawing a huge & wonderful cup, we have notice a strong decrease in early February despite huge news like the announcement of 2 ICOS and a partnership with C#Corner. After reaching 0.00160, the market situation has became terrible with a a weak Bitcoin and a global marketcap which has been divided by 2 since the 1th January.
Looking at the Stoch, RSI we can see that Stratis is low and should invert the trend soon and leave the descending channel it has been following this week. Stratis is now in a good situation to reach new highs 2018. The market is recovering and so the alts are becoming greener these days even if we still have to be careful. We are coming at the end of a huge triangle which started in June 2017 which will show us a strong change in the trend of the coin. I am expecting a breakout before the end of April breakout.
Buy zone : Between 800 - 950
Targets :
*resistance zone possible around 1024 (low of Ichimoku Cloud)
(1) 0.00132
(2) 0.00188
(3) 0.00233
(4) 0.00278
(5) 0.00342
(6) 0.00424
Thank you for your reading,
I will post some updates about my thoughts and indicators performance for this coin.
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