STRATIS FALLING WEDGE REVERSAL!

28 giu 2018

Stratis has been on correction since it hit 0.0008 BTC price level and is now at 0.00036-38 price level however its correction trend has been compressing and forming a falling wedge reversal pattern so we should see Stratis on a breakout to its next price level which I see at 0.00062 BTC where we will be expecting a retracement to 0.0055 BTC price level which should be the support zone(green rectangle) where it should confirm the support with several bounces and move to the next price zone 0.00071 BTC. These would be the first three waves of the 5 waves breakout the next steps depends on the trend the market will have when we get there.
Bullish indicators:
RSI oversold (bullish)
MACD bounced and is on its way up
FALLING WEDGE REVERSAL BULLISH

Buy-in zone:0.00036-39 BTC

Targets:
1.0.00061 BTC
2.0.00071 BTC
3. 0.00082 BTC(LONG TERM)
Stop loss: 0.0003587 BTC , however it is undervalued now and is at its one of the lowest price since its all time so doing a stop loss on this trade would not be advisable but to HODL at those moments would be the best choice. But this is only an advice..
Good Luck, Traders!