($STRAT) Stratis - Bullish Divergance - Symmetrical Triangle

Aug 22, 2017

We can see Stratis forming a Symmetrical triangle, with an ascending support (green). We recently saw a Rising Wedge, but some would also consider this a Gartley Bullish Pattern. RSI is showing us a bullish divergence and we can almost see a consolidation in recent volume. Our Bollinger Bands also have compressed around the support, supporting the consolidation. Our EMA on the MACD has also headed upwards and is currently supporting the consolidation, so I think we can look for a bullish trend potentially starting. We should look for a confirmation around 0.00180000. We can use our Fibonacci for potential sell targets around the 61.8%, 100% or Long. We should set our stop loss at around the support level if thing's do go haywire. We should also be wary of Bitcoin Price movements.