Stratis Giving A Green Light

Stratis has rejected the 161.8% Fibonacci retracement level, applied to the corrective wave after the uptrend trendline breakout on the 14th of August.

STRAT/USD broke above the uptrend trendline as well as local resistance formed at $3.45. Besides RSI has formed a bullish divergence. All facts are pointing on a trend reversal and this could be a green light for buyers, sending Stratis much higher in the coming days or weeks.

At this point the key and major resistance are is around $10, which is a psychological level as well as 127.2% Fibonacci retracement. In case Stratis will break below the key support and goes below $2.8, this setup will become invalid.

Note, this is not a trade recommendation but a technical view on STRAT/USD crypto pair.

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