Similar chart with BTCUSD on the daily time frame.
QUICK OVERVIEW OF STRATIS:
Stratis Platform is designed to make the development, testing and deployment of Blockchain applications easier, faster and more affordable".
It goes on to assert that the Stratis token has value in part because it's developed in C# .NET and is therefore "opening a door onto one of the largest development communities for business line apps".
Benefits of the Stratis Blockchain in the real world:
Medical Research: Transparency of scientific publications
Provenance: Product tracking and verification
Internet of Things: Data recording and management
Fintech: Identity management
Stratis sold 84 million STRAT to investors in a crowdsale/ICO in August 2016.
An additional 14 million STRAT were allocated to the Stratis team, advisors, and marketing program. Additionally, one new STRAT is created with every new block perpetually.
Age 1yr 11mos
Marketcap (current) $441.60M
Price (USD) $4.47
Price (BTC) 0.00059฿
24hr Change (%) +2.97%
24hr Trade Volume $4.30M
All Time High $22.66
All Time High Date 2018-1-8
% down from ATH 80.29%
1 week 1%
1 month -40%
3 months -28%
6 months -38%
1 year -57%
Symmetrical triangles, sometimes called coils, are a popular chart pattern because they appear often and perform reasonably well in a bull market. This opinion is based on previous market performance ranking.
With little more consolidation within its current price, as it is currrently at the tip of the symmetrical triangle. Volume as reduced 86%, At any we should see a break out in volume at the green circle(most times it is to the upside)
PREVIOUS BULL MARKET PERFORMANCE RESULT:
Break even failure rate for up/down breakouts: 9%; 13%
Average rise/decline: 31%; 17%
Throwback/pullback rate: 37%; 59%
Percentage meeting price target for up/down breakouts: 66%; 48%
Price trend Can be any direction leading to the chart pattern,Prices move between two converging trendlines.
Two trendlines bound prices; the bottom trendline slopes up and the top one slopes down.
Price must cross the pattern from side to side, filling the triangle with price movement, not white space.Price must touch each trendline at least twice, forming distinct valleys and peaks.
Volume Trends downward 86% of the time.
Breakout Upward 54% of the time and 75% of the way to the triangle apex (upward breakout) and 73% of the way for downward breakouts.
After being listed on bithumb, Technicals suggests thats price will continue to range at its current price before it will breakout.
SELL: 0.00105157sats, 0.00142819sats up to 0.00242541sats
STOP LOSS: 0.00045153sats
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.