STRAT, are we seeing a trend reversal?
Updated
-Daily SRSI bottomed.
-Moved above weekly open.
-Moved above multiple MA's on lower timeframes
-Moved above 5 MA on Daily
Obviously BTC decides the direction here. If BTC keeps in an uptrend or keeps ranging between 3-4k my guess is altcoins will do well.
Will we see a 1:1 extension or are we going for a double top?
-Moved above weekly open.
-Moved above multiple MA's on lower timeframes
-Moved above 5 MA on Daily
Obviously BTC decides the direction here. If BTC keeps in an uptrend or keeps ranging between 3-4k my guess is altcoins will do well.
Will we see a 1:1 extension or are we going for a double top?
Note
It seems btc atleast spoiled the party. Strat made a 12% drop after i posted the chart.tradingview.com/chart/Iyy9nb7l/
Im optimistic about STRAT in this range, we are seeing some indecisive candles on the 4h. We need some buyers to step up. Weekends volume is lower, so lets see.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.