Storm Consolidation Box + Bullish Divergence (Where To Next?)
Storm (STORMBTC) has been consolidating for over 40 days now... Trading volume and price are trading at new lows.
RSI:
MACD:
STORMBTC can move positively soon.
The new all-time low at 13 satoshis can be used as a stop-loss. If prices move lower and close below 13 satoshis, we look for a new support.
Feel free to leave a comment if you have any questions.
This is not a piece of trade advice.
Thanks a lot for reading.
Namaste.
RSI:
- Here we can see the RSI hitting oversold/weak and then moving higher.
- The RSI is moving higher printing bullish divergence (Storms price is flat).
MACD:
- The MACD has been moving up strong since June 2019.
STORMBTC can move positively soon.
The new all-time low at 13 satoshis can be used as a stop-loss. If prices move lower and close below 13 satoshis, we look for a new support.
Feel free to leave a comment if you have any questions.
This is not a piece of trade advice.
Thanks a lot for reading.
Namaste.
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