Stratis Ready to Resume Uptrend?

Jul 6, 2017

Stratis has hit a key support level multiple times during this consolidation but has continued to find resistance along the descending trend line. That declining trend line is now meeting the horizontal support which also happens to coincide with a key fib ratio. Volume has been drying up during this correction which is a bullish sign that the selling may be nearing its completion. I believe this is the low for Startis and it's getting ready to move higher. Look for a bit volume pop above the declining trend line and shorter term moving averages.