As analyzed in the early August, Stratis breached through the 0.000270 support and tested 161.8% Fibonacci extension support. The price eventually closed below the 161.8% extension but it bounced back and created a parallel channel with a series of higher lows and higher highs. After the coin failed to break above the channel resistance, it pushed lower through the channel support. In the perfect manner, the price breached the support, closed below and then came back to re-test the previous support, now resistance. Ultimately, Stratis rotated back lower and it currently trades below the channel support. It is expected that the coin tests 161.8% again, however now with more chances for a substantial break. If this is the case, look out for the test of the all-time low around 0.000100.