Stratis Consolidation Pattern

I want to analyze a few Alt-Coins here, and see if any patterns are worthwhile.

On the daily chart, we see a 5 month long sideways pennant flag consolidation pattern.

This is a great example of an alt-coin that seems ready to breakout again if more money flows into crypto-currencies.

HOW TO TRADE:
LONG: above 6.50 which would represent a breakout of the pennant pattern's upper trend line resistance.
STOP: below 3.00 below the last pivot low, which also represents the area of the pennant lower trend line support.
TARGET: fomer highs around 10 or 11

Reward to risk: 2 or 3:1 depending on if you wait for the breakout or get in earlier within the consolidation range.

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!! PM me with any trading questions !!

MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections, measured moves, support and resistance.
Successful trading means proper risk sizing and trading small so you can stay in the game.