Is Stratis finally breaking out of the bear trend? I think so!
Stratis has been in a downward trend for the last week but may be in the process of finally breaking out. Today around 23:30, it dropped to a significant low of 250k satoshi. Its all time high was 377k satoshi.
Here's a better look at the significant low.
Such a huge drop may be the sign of a turn-around, and already it appears to be rocketing up. In less than 30 minutes after the low point, it's back to 298k satoshi.
It may be too early to call this a bull run, but these sudden dips tend to call for it.
I'd say Stratis is back on track to attaining a new ATH.
EDIT:
UPDATE! Currently at 291k Satoshi there is a 53 bitcoin wall. This could delay things a bit but I still expect a bullrun once that wall is cleared.
Update2: And the price is still dropping... but i'm still holding. Hopefully this turns around soon.
Nice analysis, and I agree that Stratis is due to head upward - I bought some during this current dip in anticipation of a change in the downward trend soon.
Just look at Bitshares price, gone in 1 week from 0.08$ to 0,37$. I missed to many opportunities like that.
I watch for those hammers too. The further you go out in time, 4h or 1D the more reliable they will be.