<
  • Cryptocurrencies: 4534
  • Markets: 24774
  • Market Cap: $350352582245.65
  • 24h Vol: $95842550736.582

STRAT: Moves 20% Today

STRAT or Stratis has been on my radar for some time now. Having been in a horizontal channel since the beginning of September, it seemed indecisive in  the direction that it wanted to move in. As Bitcoin dropped form $6400 to $3800, most coins followed suit including Stratis. Breaking its lower support/Fib Level it made a new yearly low.

https://www.tradingview.com/x/77sZnTJl/

The selling climaxed as a sell candle reached do in to the liquidity pool of sub 16000 stats.  With the channel support now becoming resistance, STRAT is trying to make it back in to the channel before proceeding. Having today’s candle cross the 50D EMA is a bullish sign but I would like to see it close and open above the EMA line to show signs of support.  Today’s 20% rise was a nice boost in volume and in confidence for those who are hodling.  ADX (Average Directional Index) it is starting to change its slope potentially indicating upcoming unbiased trend strength.

https://www.tradingview.com/x/gaW00NwX/

Zooming in on the 4H time frame we can start to see some of the price action that led up to today’s spike. It started with a huge spike in volume right in to a 50 EMA cross that found resistance at 120EMA & 200EMA. After a quick retrace back to the 50D EMA it found support and cruised on past the 200 EMA. Its wick touched a fairly large Fib confluence zone around 24000 sats. With such an increase in price today there is potential for a retrace back in to support found on the bottom channel. If support holds this may lead in to a bullish potential future set up .

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

Show Your Views:
  •  (0)
  •  (0)
  •  (0)
  •  (0)
2185

ViFeed Indicators

Bitcoin (BTC)
$11598.27
0.00 RSI
-2.19%
--
Ethereum (ETH)
$379.27
0.00 RSI
-4.45%
--
XRP (XRP)
$0.29
0.00 RSI
-3.75%
--
Tether (USDT)
$1
0.00 RSI
0.20%
--
Bitcoin Cash (BCH)
$301.57
0.00 RSI
-6.19%
--
Bitcoin SV (BSV)
$229.19
0.00 RSI
-4.48%
--
Litecoin (LTC)
$57
0.00 RSI
-4.80%
--
Cardano (ADA)
$0.14
0.00 RSI
-3.59%
--
Chainlink (LINK)
$10.29
0.00 RSI
2.95%
--
Binance Coin (BNB)
$22.11
0.00 RSI
-2.93%
--
How much do you invest a month into Crypto