Stratis VS Bitcoin Moving Towards Key Resistance

Stratis seem to start getting the upside momentum against the Bitcoin. STR/BTC found the bottom at 46k satoshis, went upĀ  and then rejected 8/1 Gann Fan trendline. Since then Stratis has been moving steadily upwards and recently broke above the 68k satoshis resistance as well as the 200 Moving Average.

Price has been consolidating for the past week and now the next wave up could be just around the corner. The upside target is seen at 50% Fibonacci retracement level that is 100k satoshis, that is not also technical but also a key psychological resistance level.

The growth could be exponential and price could reach the resistance in the matter of days. Nevertheless, price could correct down to the Gann Fan uptrend trendline prior to the strong growth. The 100k satoshis area should play an important role in further price development and should be watched closely.

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