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$STRAT long and short term view

Another request from my Twitter followers.

Long term: I'm already for days looking at the downside for Stratis and expecting a drop below that pennant into the accumulation zone. Look how often it already tested the trendline. It looks as if its a matter of time that support will fail there. Looking at fibonacci retracement, it retraced already enough (according to my rules) and could bounce and break out to the upside.

Short term: i have been reading some hype posts that big news is coming out this coming week. Normally I dont take that into account and rely on my charts. But as I'm not 100% sure about the coming route for Strat, we might take it into consideration. News might cause a big move up but that could be temporarily.
I would advise to stay out for the time being and wait to see if it breaks the yellow trendline to the upside. If it breaks out, it might be the start of something big, or just a hype. (remember XRP this week).
Keep a tight stoploss.
Breaking the lower trendline means a fall back into the blue accumulation zone.

if some bigger moves come this week, I will update here.

Dont forget to like this post here ;-)

註釋

Price has crossed the blue trendline.
First target is the blue box which is also close to the next trendline.
Breaking out there, could be huge but beware for falling back after break out, therefore wait for confirmation. Check my link below how to trade break outs.

註釋

that's why I wrote "wait for confirmation of break out".
Pattern changed slightly

註釋

Looking weak to me, might go for a visit in the blue box

註釋

I'm still not impressed by its performance and waiting further movements before buying. Price needs to get back in the bigger pattern but for now I'm still waiting to see if it goed down to the blue box.