STRAT BTC got a massive beating, falling more than 60% in a span of 6 weeks. But, it still remains one of the finest asset in crypto space.
This fall formed a falling wedge on Daily chart (refer to the chart) from the previous double top formation. At one pount, it even started to form a cup and handle, but even that didnt sustain and the fall continued.
Now, we are seeing multiple reasons to go long in STRAT with a realist, yet 120% target.
STRAT broke out of the falling wedge and it also formed the double bottom at the same time. Some product news is also expected end of the month. Also, 9MA is now crossed, giving another bullish sign.
Consider this as a long term trade with targets of 0.00140, 0.00170 and ultimately, 0.00250 and 0.00270. Stoploss can be placed around 0.00450 area. Once this properly takes off, traders can have trailing stoploss and swing trades as well.
For me, this is a long term shot, and I am atleast targeting 0.00170 area.
Happy HODL-ing :)
This fall formed a falling wedge on Daily chart (refer to the chart) from the previous double top formation. At one pount, it even started to form a cup and handle, but even that didnt sustain and the fall continued.
Now, we are seeing multiple reasons to go long in STRAT with a realist, yet 120% target.
STRAT broke out of the falling wedge and it also formed the double bottom at the same time. Some product news is also expected end of the month. Also, 9MA is now crossed, giving another bullish sign.
Consider this as a long term trade with targets of 0.00140, 0.00170 and ultimately, 0.00250 and 0.00270. Stoploss can be placed around 0.00450 area. Once this properly takes off, traders can have trailing stoploss and swing trades as well.
For me, this is a long term shot, and I am atleast targeting 0.00170 area.
Happy HODL-ing :)
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So far so good! Although mentioned targets are all intact,short term traders can keep swinging