STRAT/BTC (Pullback to Key Support Area)BINANCE: STRATBTC
-Stratis has pulled back after the rejection at trendline resistance
-Two potential Bullish scenarios for STRAT
-1st is to hold current support at 4479 sat then a breakout of the resistance
-2nd scenario is a double bottom retest of the recent Low at 4172 Sat and a Bullish breakout
-Aggressive entries are buying at key support areas with a tight stop loss
-Or wait for the market breakout direction to the upside before opening a position
-All depends on your risk appetite but always make sure to follow proper trading size allocation
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Stratbinance
STRAT/BTC (Key Support Bounce?)STRAT/BTC
-Stratis may have found support at a key area of confluence
-This level of support was a resistance flipped into support
-Also, a confluence of dynamic support which is the 200D MA
-If the bounce reaction will continue strong
-It is likely to reach up to 6133 range in the coming days
-Bearish scenario, a body closing below the green will invalidate
STRATBTC formed bullish Gartley | A good long opportunityWorld's 103th ranked crypto token Stratis (STRAT) has formed bullish Gartley pattern and entered in potential reversal zone and ready for bullish reversal soon.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the dimensions of Stratis priceline's move:
After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move.
So as per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: 0.00004259 to 0.00004114 sats
Sell between: 0.00004372 to 0.00004646 sats
As per above targets this very short term 2hr chart based trade has potential to produce upto 12% gains.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic Gartley pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
STRAT Where do you go? What The Flag do you want?Okay I will give some analysis about STRAT not a very popular coin but make me interest with STRAT
In My Analysis here i advice you all to hold up and wait to buy STRAT Coin
Why we must wait?
Here i will give the reason
1. STRAT Have a Bearish Divergence
See it Here Bearish Divergence and it was happen so the price go down
2. RSI and Stoch maybe look like it's say "it's time to buy" but wait i will prove another reason
3. Head And Shoulder again maybe?
Head And Shoulder and in the HNS i get some new fib retracement from my friend and the key level is in X.618 or you can read it on google about golden number of fibo retracement
4. Bear Flag
See it Here Bear FLag
5. And The Last Death Cross
We can do a good pullback and the candle cant close above 200 MA
Death Cross
If you still want to buy strat i advice you to buy at are X.618 and set stop loss under fib X.618
Thanks for your visit
Syaerulid