STRATIS (STRAT) is STILL CORRECTING; Expect Prices to Dip Below $2
SUMMARY
STRATIS (STRAT) is doing the typical Crypto correction...a long, drawn out and lethargic grinding of prices lower bit by bit, everyday. I've labeled the initial impulse Elliott Waves (i,ii,iii,iv,v purple). Therefore, the requisite a,b,c (red) correction is currently ensuing with prices chopping out the wave c (red). As this wave must be lower than wave a (red); prices are expected to dip below $2. The dotted white horizontal line is equal to the lowest price point for wave a (red). Prices could touch the lower white support line and us that as the base to bounce.
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Wow, how the mighty have fallen. I remember when Strat was on it's way to $1 billion market cap.
These instances teach well so traders should humbly and gratefully take my profits. HODL doesn't always work.
UBQ sitting on support...
Or the Neck Line....
very helpful
Stratis has disappointed me a lot. I was holding it for a long time and then i had to sell it.
I understand how that feels. We've all been there.
Please peruse my recent update on Bitcoin. It's approaching the top of tops soon. So, Now is Not the time to buy but consder profit selling.
Hi Haejin, thank you for your updates, can you please make an update on OMG please!
Yeah, i know but Stratis wasn't making any moves long before hard fork. Their team sucks, couldn't keep up with the roadmap and eventually people had to leave.
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Thanks again for the chart, under $1.50 would be an amazing entry point...
Interesting post. Stratis seems to have hurt a few people (from a trading point of view). Hopefully the turnaround is around the corner.
Update appreciated. Can't wait to buy this low and wait for that legendary JOW that you shared a few weeks back!
Keep an eye on Bitcoin. If it finishes Wave V to around $7k or so, all Alts are down with Bitcoin. But now to then should give a good boost.
Is Verge (XVG) still correcting?
You do great work thank you. Can you do an update on RIpple? Today is a big day, thanks!
Here is the update for Ripple, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/ripple-xrp-breaks-out-of-triangle-pattern-and-begins-to-impulse-towards-usd0-541