STRAT is one of the coins that performed really well during the BTC rally. It quickly bounces back up showing a strong conviction from its buyers. It is in an ascending triangle formation, with first and second resistance on the chart. First resistance is the previous support and 50% fib line, whereas the second TP point is the 61.8% fib line. I would keep at least 30% of my position running long term on this coin.
@AlexCh, well if everything was a 100% accurate then people would all be rich. Ascending triangle is not always bearish, as it is not always bullish. its the formation in addition to other factors that make it a bullish call. As long as you have a stop loss below the upward support of the triangle, you should be good.
someone514
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@Liquid_Crypto_Trader, my point: what you drew isn't an 'ascending triangle'. Nothing else.
Liquid_Crypto_Trader
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@AlexCh, oh ascending symmetrical triangle. wasn't that important to make my point but thanks for pointing it out. kudos to u sir
someone514
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@Liquid_Crypto_Trader, ...ascending symmetrical triangle, kudos to making up your own terminologies :)