Stratis is a good old fashion coin that is actually working quite hard to become a top dog of the crypto markets. Although they tend to stay out of the radar probably more often then they should.
This chart is for a friend who asked what are my current thoughts on Stratis, will it blow up soon? Generally I love to chart using Bollinger Bands, Relative Strength Index (RSI) and Stochastic's
As we can see in this chart we can see the sudden increase in price creating higher highs and in the RSI creating lower highs. It reaches the top and in the yellow circle was a perfect example of how and when divergence works. Because of the sudden drop back within the bollinger bands we can wait and check to and see if the next 3 bars close lower than the bar outside the bar. We can use this as an indicator to sell as usually when divergence works it usually has a sharp turn in the coin.
Now that Strat has fallen we need to start looking for lower lows in the chart and higher lows, but in our charts its a tad bit iffy. My opinion at this point of time is keep a close eye on it, keep watching for tighter sideways action as it seems we have maybe got a triple bottom in our chart. My thoughts because I don't see any higher lows is that it probably remain low until I see some good charting action.
Happy Trading guys
Sorry if my article was a bit brief been a little under the weather
This chart is for a friend who asked what are my current thoughts on Stratis, will it blow up soon? Generally I love to chart using Bollinger Bands, Relative Strength Index (RSI) and Stochastic's
As we can see in this chart we can see the sudden increase in price creating higher highs and in the RSI creating lower highs. It reaches the top and in the yellow circle was a perfect example of how and when divergence works. Because of the sudden drop back within the bollinger bands we can wait and check to and see if the next 3 bars close lower than the bar outside the bar. We can use this as an indicator to sell as usually when divergence works it usually has a sharp turn in the coin.
Now that Strat has fallen we need to start looking for lower lows in the chart and higher lows, but in our charts its a tad bit iffy. My opinion at this point of time is keep a close eye on it, keep watching for tighter sideways action as it seems we have maybe got a triple bottom in our chart. My thoughts because I don't see any higher lows is that it probably remain low until I see some good charting action.
Happy Trading guys
Sorry if my article was a bit brief been a little under the weather
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So if that one day chart keeps getting tighter are a few more days we could have a break out. although still undecided which way but I would be thinking upwards due to the low price technically that stratis has stayed at