STRAXUSD hit the 1week MA200 after more than a year.
Stratis / STRAXUSD hit the 1week MA200 after June 2022. That is also the top of Resistance Zone A and somewhat below Fibonacci 0.382.
Technically the strongest Resistance region and what separates the Bear Cycle from the Bull.
Even though the coin has long broken the Falling Resistance of the correction cycle, it is still inside the Accumulation range.
Only by closing over this Resistance Zone, will it enter into long term bullish grounds.
Until it does, sell and target 0.55000 (1week MA50). A highly overbought 1week RSI supports this scenario.
If it does close a weekly candle over the MA200, buy and target 1.6500 (under the 0.618 Fibonacci).
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Technically the strongest Resistance region and what separates the Bear Cycle from the Bull.
Even though the coin has long broken the Falling Resistance of the correction cycle, it is still inside the Accumulation range.
Only by closing over this Resistance Zone, will it enter into long term bullish grounds.
Until it does, sell and target 0.55000 (1week MA50). A highly overbought 1week RSI supports this scenario.
If it does close a weekly candle over the MA200, buy and target 1.6500 (under the 0.618 Fibonacci).
Follow us, like the idea and leave a comment below!!
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