Stratis mid term movements
The support level of 100k +- has been tested a couple of times in the past. It looks like this is a strong support level , but STRAT could actually become at a lower price if they don't come up with some news in the short term about their identify app or breeze wallet with tumblebit. Don't get me wrong; i'm a huge fan of Stratis, but since the trendline has been broken, more downside movements are irresistable. Look at the latest 2-week downside trendlines I've drawn. If the price breaks through the upper trendline (of the latest downside trendlines ) then STRAT will become bullish again. This could be caused by good news of course. When that news comes is not clear yet, but that could be rather sooner than later. When good news comes out, a first major resistance will be tested at 175k sats 1.09% , breaking through that one will lead us quickly to 260k sats 1.09% . Those are my ideas, if you have any comments; feel free to post them. Trade carefully.
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