🛴 STRAX- 200EMA/key level consolidation

The price is consolidating on 200EMA and key level and soon will be squeezed between dynamic support and resistance lines (orange), being forced to make a move either way.

Entry: buy in the lower part of the formation between current price (2.12) and key level (1.98)
SL: below 1.82 or 1.63

Targets:

TP1: 2.23
TP2: 2.83
TP3: 2.69
TP4: 2.96
TP5: 3.58
TP6: 4.56 (~120%)
TP7: OPEN++

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Stratis is a blockchain-as-a-service platform that offers several products and services for enterprises, including launching private sidechains, running full nodes, developing and deploying smart contracts, an initial coin offering platform, and a proof-of-identity application. The company also provides cryptocurrency wallets and blockchain consulting services.

Stratis operates its own blockchain powered by a native token, STRAX, used to purchase and operate services such as executing smart contracts, paying for sidechains, and staking as collateral to operate a Masternode --- a node on the network that provides a specific needed service.

The platform was first announced in June 2016, and it launched in August 2016. In November 2020, Stratis deployed a new blockchain that uses STRAX instead of its previous STRAT token.

Source: coinmarketcap

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