โด๏ธ Stratis Chart Updated | Long-Term Triple BottomI just wanted to update this Stratis chart, we have a long-term triple bottom pattern. The bias is now ultra-bullish.
Stratis has been rejected by EMA300 more than 5 times since January 2023. Today, finally, this level is fully breaking as resistance on a big and strong candle. This can signal the start of a major bullish trend.
A new trend can mean years of growth.
We have short and mid-term targets here, there can be more in 2024.
These are the easy ones for the coming weeks and days.
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Namaste.
STRAXUSD trade ideas
STRAXUSD hit the 1week MA200 after more than a year.Stratis / STRAXUSD hit the 1week MA200 after June 2022. That is also the top of Resistance Zone A and somewhat below Fibonacci 0.382.
Technically the strongest Resistance region and what separates the Bear Cycle from the Bull.
Even though the coin has long broken the Falling Resistance of the correction cycle, it is still inside the Accumulation range.
Only by closing over this Resistance Zone, will it enter into long term bullish grounds.
Until it does, sell and target 0.55000 (1week MA50). A highly overbought 1week RSI supports this scenario.
If it does close a weekly candle over the MA200, buy and target 1.6500 (under the 0.618 Fibonacci).
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โด๏ธ Stratis Breaks Out Of Descending Channel, Can Hit $1Now that the bullish bias has been confirmed, STRAXUSD (Stratis) can move forward and hit $0.69, $0.86 and $1.01 short-term.
The June correction ended as a higher low compared to December '22, which tells us that a higher high comes next.
This is an easy 100% potential from the current price, but there can be more mid to long-term.
Retraces, corrections and consolidation phases are normal and expected as prices grow.
A bullish wave can last 3 weeks just as it can last 2 months.
A correction can last 3 days just as it can last 6 months.
When to sell and how much to sell depends on your trading strategy, your risk tolerance and your goals.
When the Altcoins stop to retrace as this bullish wave develops, Bitcoin will resume its growth.
As Bitcoin continues sideways, trading within a range, this allows rooms for the Altcoins to grow.
The Altcoins are growing... There will be more.
Namaste.
STRAXUSDJust having a look at Strax, Strat, Stratis and the chart is looking pretty nice. Most of my "3 Reasons For a Trade" are here
We have Location: Price right at the bottom of original support
Indicator confirmation: So we have OBV which is pretty bullish and in the positive numbers, people are accumulating. Seeing HL in the histogram and bullish divs working. RSI is kind of no where but when you look at the history of the RSI on Strax you can see its actually never gone into over sold. Its still creating HL while price is making LL. Willy is stupidly over sold and thats exactly where i want it when im looking to take nibbles. Price is trading at the POC and all I need now is a W in price.
Long story short, to me this is nibble worthy and I will be risking to the lows.
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Stratis - Layer 1 sleeping giant - potential x80Stratis is a potential rival to other Layer 1 Smart Contract blockchains.
It offers C# and .NET Microsoft developers access to a blockchain ecosystem through familiar languages used to construct scalable and secure (fully deterministic) smart contracts. Stratis has industry rich application ranging from but not limited to BaaS, blockchain as a service, GameFi, NFT and DeFi and cross chain Ethereum interoperability.
Technical analysis:
We have had a multi year accuuuuuumulation.
BTC is primed to enter its 5th wave through 2022 and mid 2023 dragging all alts up with it.
While most alts will be dragged upwards in terms of market capitalization, only those with strong technicals (barring hyped meme coins) will outpace global crypto market growth. As Stratis is well placed technically, it will likely outpace global crypto market growth on account of releases and subsequent adoption. This is especially likely given Stratisโ small market cap of ~200mm which relative to the multi-billion market capitalizations of other Layer 1 blockchains, suggests a strong R/R opportunity.
We have a tightening of the 20-50-100 MA, a hidden bull divergence on both the RSI and Stoch RSI. Further, the MACD is also beginning to flatten out (I do not have TV premium so I cannot add more signals).
In conjunction with the strong fundamentals, the break of the wedge will likely be a bullish move.
However, there is still the possibility for sideways action until June 2022 suggested by the bearish space in the wedge. This becomes more apparent on lower time frames. Depending on BTC movement, bearish divergences could still occur on Stratis. However, I doubt Stratis moves lower than $1.10-1.20.
Ultimate target by 2024 is ~100. This is around ~x80 at current prices.
Completed fundamentals/features:
Stratis gaming - UNITY 3D SDK & Unreal Engine SDK โ DONE.
Scalable C# Smart contracts โ DONE.
Scalable Sidechains/STO โ DONE.
Eth interoperability with Interflux โ DONE.
wStrax on UniSwap โ DONE.
Masternodes - growing adoption โ GUI management system - DONE.
Python SDK โ DONE.
Cirrus sidechain โ DONE.
Exchange listing/s - both strax and Cirrus tokenโ DONE.
20MM funding from VC firm Alphabit in 2020 โ DONE.
Stratis Academy - clear documentation for developers โ DONE.
C# Corner (education platform) partnership with Stratis โ DONE.
Launch of Stratis R&D center in collaboration with the C# Corner and the GL Bajaj Institute of Technology & Management โ DONE.
Hot Staking rewards โ DONE.
Cold Storage rewards โ DONE.
SegWit โ DONE.
Enterprise Consulting with Digital Identity, Supply Trust, Distributed Ledger Technology, Unity Gaming SDK and Securitized Token Offering, solutions โ DONE.
Forthcoming fundamentals/releases:
Opdex (DeFi protocol) โ Worldโs first in C# with the .NET CLR -January release.
Stratispherenft (NFT platform) โ Non-profit, 0 fee structure - January Release.
Hashbattle (GameFi) - 'Uses Stratis technologies to introduce rewards and an in-game economy, with Hashbattleโs MVP due for launch' - January release.
CoinVault (similar to MetaMask) - In development.
FireProtected (web 3.0) - 'FileProtected uses blockchain, timestamps, and digital fingerprints to solidify copyright ownership' - In development.
Red Ego Games (GameFi) - Dawn of Ships 'An RPG...tak the meaning of โplay to earnโ to a new level by allowing players to earn NFTs that can be sold' - In development.
Kiqqi Games (GameFi) - Trivial Legends - 'Knowledge is the playerโs weapon of choice in Trivial Legends, as players use their NFT avatars to win trivia battles and unlock more NFTs.' - In development.
Polycarbongames (VR NFT Gallery) - 'Metaverse NFT and VR gallery that allows users to interact with each other and with NFT items that they can exhibit and trade across the Stratisphere NFT marketplace' โ In development.
Ongoing, in development fundamentals:
Release of above in development projects.
Continued DAO funding of projects through Stratis Decentralized Accelerator.
Ongoing hackathons.
Ongoing learning content and certifications in collaboration with C# Corner.
Ongoing marketing strategy.
Ongoing Enterprise solutions eg Onboarding and compliance solutions.
Project Titanium which will offer direct support for contracts deployed on the Ethereum 2.
Continued to scalability to work towards infinite scalability.
โข Cease Fixed mining timeslots โensuring that IDGB Members can produce blocks competitively, opposed to within given timeslotsโ
Ongoing development of Python SDK (pyStratis) and JavaScript SDK (bitcore-strax).
Federation multisig staking - staked rewards distributed trustlessly to participating InterFlux MultiSig members.
Cold storage staking for IDGB Members.
Sources: Stratis platform website under their โnewsโ section.
THANK YOU FOR READING.
GOOD LUCK AND DO YOUR OWN DUE DILLIGENCE
Strax roadmap 2022/2023Strax looking good here Entry: $1.09
Still on up-trend as we finished wave 1 sell-off, now the road to break 2017 record
Targets:
T1: $4
T2: $21
T3: $57
T4: $180 if we break T3
STRAXIve charted Stratis vs USD as it has the move volume in pair traded.
Ive been a long term maximalist in STRATIS for a fair while now and I feel that its current test of ATH is long over due, but the amount of hype there is over shitcoins these days outweighs good fundamentals
Lets talk charts. Starting from top down:
OBV: OBV has been climbing thought the last few years which tell me that money has been pouring into this asset and people have been accumulating.
Price action: After nearly a year of trading at the POC we had a spike of around 700%. It has since retraced to my buying window which is between the 618 and 786 fib levels. Price is also holding the 200ma on the weekly chart which is acting as support.
Volume: Looking at volume dropping off, we haven't seen volume this low since September 2018 and we are at the point of "Who's driving the bus?" meaning who is in charge here, the bulls or bears. If we break down from this 200ma we could potentially go back down to 65c where it will go back to original break out level and the 0.886 fib.
Histogram: Im not seeing much in the histogram but one good thing is that it hasn't made a lover low. If it did I would be instantly Bearish.
RSI: Rsi is kind of in no mans land, I would have liked to see this in the oversold territory but lets see as time goes on
Willy: Williams percentage R and a 13ema is a great indicator to tell us if an asset is truly over bought or over sold which its now telling us that its just crept into the over sold territory.
In conclusion, I need 3 reasons to make a trade. 1: Location. Where is price relative to fib buy zones.
2: Divergence. Are we seeing any bullish divergence in the indicators relative to price
3: Structure. Are we seeing any W's in price action or indicators. Remember W's in price and indicators are bullish and M's are bearish
Take this TA with a grain of salt as its my own opinion on what I see in the market. Remember, "Plan your trade and trade your plan"
STRAXUSDSTRAXUSD 1W chart Bittrex. StratisPlatform is not a dead coin. More than 2 years of accumulation, it needs to break resistance at 3 USD and confirm. After that could be explosive. Target on the chart.
STRAX - Comparing similar price action Areas within the red show similar price action before a massive move upwards in STRAX.
Could we be within that same area right now? Time will tell but to me the movement within the red areas looks very similar.
Stratis STRAXUSDT#Stratis
#STRAXUSDT
The live Stratis price today is $2,28 USD with a 24-hour trading volume of $32.973.266 USD. We update our STRAX to USD price in real-time. Stratis is down ,99% in the last 24 hours. The current CoinMarketCap ranking is #164, with a live market cap of $306.684.119 USD. It has a circulating supply of 134.763.362 STRAX coins and the max
Strax longTargets lines were for critical zones on fibo, blue for the previous top, green for last wave.