A new market cycle is forming for Stratis, after what was one of the biggest moves in crypto! The original rally bounced off the 78.6 Fibonacci retracement level and is beginning to show signs of market strength when we look at all of the pieces of the puzzle together. We are just breaking through the 1H Ichimoku cloud, already above the 6H Ichimoku cloud, and en route to breaking the 12H and 1D Ichimoku clouds. 3D Stochastic RSI is turnt up and at the time of writing this post the 1H Stochastic RSI coiled up - both of which are signs of strength behind the market. Using the Elliot Wave Theory along with key Fibonacci retracement levels we can speculate that Stratis is long based on this TA. If more buying volume pours in considering many of the points outlined in this post we can definately expect higher lows and higher highs with wave 5 of this Eliiot Wave projection testing or surpassing previous all time high!
**Please trade at your own risk. Understanding that the market is and always will be unpredictable ultimately is very important.**
**Please trade at your own risk. Understanding that the market is and always will be unpredictable ultimately is very important.**
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**PLEASE NOTE THIS ANALYSIS IS NO LONGER VALID**
Traders understand that we can not be right 100% of the time.
It's been a shaky week in crypto.
Follow me for future charts!
Traders understand that we can not be right 100% of the time.
It's been a shaky week in crypto.
Follow me for future charts!