Altcoin News

Stratis Could Jump High On a News Release

There are hundreds of coins our there but very few are actually able to outperform Bitcoin in terms of growth. So who could possibly produce better returns than Bitcoin in the short to medium term?

Looking at Stratis/Bitcoin pair, it has managed to break above the downtrend trendline, and prior to that forming a bullish divergence on the RSI chart, indicating on a potential reversing to the upside.

The demand zone is around BTC 0.00067, where buyers could start stepping in. As for the target, two Fibonacci retracement levels were used,  23.6% – back from June all-time high and 76.4% – from August high. Both of these levels are on BTC 0.0014 which could be the potential upside target.

And besides, Stratis releasing Masternodes on the 30th Of October – Tomorrow!

Break below 0.00042 would invalidate this technical view and could send STRAT/BTC further down.

stratisbtc-chart

Adrian Mathieu
About author

Adrian is a cryptocurrency trader and writer since 2014. He follows closely coins such as Bitcoin, Ethereum and NEO to little known ICOs, constantly analyzing crypto markets in order to stay informed. Email Adrian directly at adrian@ethereumworldnews.com
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