Decided to do another TA on Stratis. Long term this time.
Found the last major rally, then looked for the bullish pennant (purple triangle) that we obviously broke out of and upward (since the upward trend of Stratis has been continuing for many months).
From there, I checked the retrace after the rally and it appears we touched the 61% fib retracement line and rally began slowly.
Ichimoku clouds show us approaching two shoulders that should give added upward pressure to accelerate this rally over time.
If things move as they appear to be moving, we should complete this rally in the next 3-4 weeks with the final target price at $63.00 on Feb-2-2018.
It's also important to note that during this time, the first 2 ICO's will be starting up on the Stratis Platform. This may be part of the reason for the anticipated rally and the uptick.
Found the last major rally, then looked for the bullish pennant (purple triangle) that we obviously broke out of and upward (since the upward trend of Stratis has been continuing for many months).
From there, I checked the retrace after the rally and it appears we touched the 61% fib retracement line and rally began slowly.
Ichimoku clouds show us approaching two shoulders that should give added upward pressure to accelerate this rally over time.
If things move as they appear to be moving, we should complete this rally in the next 3-4 weeks with the final target price at $63.00 on Feb-2-2018.
It's also important to note that during this time, the first 2 ICO's will be starting up on the Stratis Platform. This may be part of the reason for the anticipated rally and the uptick.
