Stratis STRAT, Wedge and Inverse H&S, Part 3

19 feb 2019

So far it's up around 20% since the start of the fractal, but to be honest, it has been very disappointing so far. I expected much more of this one, but it is still following that blue line quite well. It could still happen of course, simply don't know, but i will be using the blue and red zone as a stop level now. If we do see another move up from Bitcoin' above the 4000/4100 without an acceleration of Stratis, i will most probably just sell it, because than it will mean there is no interest in this coin.

For now, we should see a break up happening, in my last update i said it was against a resistance from which we broke out off already, but now it is against a bigger one. To remain bullish as the rest of the market, it should not drop below that blue zone anymore.



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Previous analysis:

21 feb 2019

Nota

Still low volume, but the stratBTC pair broke that wedge and made a good volume break up. But in USD, it's still nog that convincing though, we need to see much more volume for this to really become something, otherwise it will prob drop again like it has been doing the past days.

21 feb 2019

Nota

There was an attempt to break up, even a second one while bitcoin was dropping a little bit, but eventually failed again, dropped back in the channel and now even at the low of the channel again. It could still happen, but chances are getting smaller each time.