Stratis Analysis – One small step from the strong buy signal

OK, for the traders who wants to stay away from the USD today, we traditionally have cryptocurrencies. In this particular analysis – Stratis. Stratis was previously mentioned on this portal on the 5^th of September, when the price was slightly above 2 USD. Back in that day, we were totally bearish:

„In my opinion, as long as we stay below this level, the sentiment is negative and we should see a further decline. The sell signal will be denied, when the price will close above the orange area. „

That is one of the best analysis written here! The price went down straight away and on the 14^th of December, reached lows on the 0.55 USD, what a huge drop! That may be the bottom though. We can see some chances for a reversal here as the whole crypto market seems going up. In our case, price already made a first step towards the buy signal – we broke the mid-term down trendline (blue). This alone is not enough though. We should still break the 1.25 USD horizontal resistance (red) and the thing is that we are testing it now. As long as we stay below, I cannot fully recommend buying here. After the breakout, well, after the breakout, that can look pretty nice.