Stratis Breakout Imminent?
As you can see we are breaking out of a long descending triangle pattern.
There is some resistance at $5 but we should break through that soon enough as we bounced off it last time.
We could be looking at a test of previous highs and if we can break that, look for double previous high and a pull back midway.
Lots of new money coming into the market now with new all time highs in Alt coin market cap. People looking for cheaper, strong alt coins are pushing up the price of the top 50 alts and the good tech, strong team alts will look to do good in the short to medium term.
Similar strong Alts are Waves, Lisk, Komodo, PivX, Ark
I no longer trust the Stratis team since they love to miss deadlines on their roadmap. They are also horrible at social media. I have chosen to head over to Neblio with my money.
Hey Randy, I hear you on the social media front, they did experience a rapid growth though and sounds like they had some dev problems. To be honest there are so many good projects but I like where we are on the chart with this one right now and will have to see how the latest developments go, such as ICO platform launch. Neblio is at a good entry price again now, thumbs up for that pick and looking at it myself and also like Waves
Thanks for sharing this with us. Can I ask what Theory you apply when assessing prices? I don't much about Stratis so would love to have you on an episode of Crypto Nights. If it's something you'd like to be a part of, please email me at [email protected]
If you haven't seen the show before, please check out my profile. My latest episode has just been uploaded.
Look forward to hearing from you.
Anton
Stratis is utilising Microsoft technology and one of the most robust and popular programming languages in C#. It is about to launch its ICO platform and will enable smart contract and app development for C# programmers. This means they are utilising an existing skill set, there is no down time to retrain/get up to speed for devs. It means reliable, robust and secure dev environments and deployments.
Another thing about Stratis that I find truly intriguing is the fact they are based in the City of London. Only the financial district of the world? I think there could be connections we haven't yet fathomed. I like to look at the whole picture. Fundamentals are important but T/A is good for when to get in on a trade. The chart is saying that we are breaking out of this down trend and with expected news releases a move is imminent, I feel. Thanks for your comment. I look into your Crypto nights, is it a youtube channel?
Congratulations @contrarionmike! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP