To the STRAT hodlers, have faith your time has begun. To those not in STRAT, look into it, the tech is solid and without much hype, STRAT is set to rocket in value both figuratively and intrinsically.
Stratis is a POS (proof of stake) token, developed on C# .NET, it is meant to be used to easily develop solutions regardless of blockchain experience, can be used for many popular real world usages and is readily available on Bittrex and Poloniex. As a cryptocurrency altcoin, it is revered and spoken of highly.
The main indicators for this chart are Gann Fans, Fibonacci Retracement, Support/Resistance Lines as well as movement indicators below, MACD, Stochastic RSI and AO (awesome oscillator). There's lots of videos online to help you with each and I recommend that as time well spent if trading is your thing.
So let's take a look at the 1 day candle chart. We have a major trend line formed from the top on June 3rd, 2017 at .00473 to .0026 on August 10, 2017. If we overlay a gann fan (45 degrees) we see that trend meme EXACTLY over the Gann Fan 3- level. A closer look at a more recent Fibonacci Retracement setup at 10% .002606 (there is a double top there) shows that we have touched its 50% level today (as I write this). That Gann fan meme line and next fib level at 61% seem to form a perfect anchor for Strats next move to wind up at .00197. That should prove to be a support battle area as mathematics converge.
Being an optimist, I expect Strat will bounce up to the 4-1 level quickly and possibly even the 8-1 level as well. Can I say lol here? lol
I've filled in some of the support/resistance levels in light blue dotted lines. Those should prove to be interesting areas for Strat to traverse once it busts past the fib 100% at .00257. A quick look at the Moving Average (MACD) shows it is about to cross over to positive territory. Stochastic RSI shows it is positive but at the edge of being overbought so, as is expected, we will see a tug and pull as it rises (have a look at the last major rise back in June and look at how RSI got drawn there). AO might need a day or 2 to flip, but it's well on it's way.
If you enjoyed this charting, you can see more of my charts at TradingView and you can also follow me on Twitter where I am but a humble Cryptoslug.
