STRAXUSDT.P trade ideas
STRAX/USDT Bullish Head and Shoulders pattern to play out?STRAX forms a Head and Shoulders pattern which could break upwards in price.
The RSI on the 4h chart currently follows the upwards trend indicated by the yellow line.
Also on the 4h chart we see a bullish cross between the 50 and 200 MA which is indicated by the yellow camera.
If the breakout occurs we expect some upwards movement with the target close to the previous ATH.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
STRAX Chart AnalysisBASE LINE BINANCE:STRAXUSDT
Strax, in the past 4 months have given 3 chances of potential profit from 250% t0 300%.
Buy Strax At Current price and wait for minimum 3 months and max 6 months to double or triple your investment.
If you HODL it and leave it for 1 to 3 years then there is a chance of getting more than 1000%-15000% (10x to 15x) profit if it get a new ATH ($22).
Trade With Your Own Risk. Invest on your own research.
STRAXSTRAX on a clear breakout! look for these two price targets definitely gonna hit these. This is STRAT or stratis. They just changed their coins name today to STRAX. Still same coin and company though I do belive? Anyways. Broke the trend line I had drawn and closed above on the 15 and 30 min chart so be looking for it to head to 8$ within the day.
STRAXUSDT - Creating new ascending channel - BULLISHWith the constant stream of news, partners and progression on the Stratis Platform I am very bullish on this.
Price has broke out of previous ascending channel and is now establishing a new ascending channel .
if market conditions stay the same we could be nearing a minimum of $3 by month end.