STRATBTC - Trend moving up, support and resistance
Updated
Watching Stratis closely to follow the trend. Lower black line represents support and the upper black represents resistance.
The price bounced off of the 0.5 fib fairly quickly, so that's a positive sign that it wants to continue to move up. Recently passed the .382 fib and hopefully it'll find additional support there as it continues to move up.
Watching for the moving average lines in MACD to pass 0.00 and RSI to continue to move upwards.
Short term traders look to get in when the price hits the lower black and sell when it hits the top. Of course manage your risks as well in case it dips or decides to move sideways.
The price bounced off of the 0.5 fib fairly quickly, so that's a positive sign that it wants to continue to move up. Recently passed the .382 fib and hopefully it'll find additional support there as it continues to move up.
Watching for the moving average lines in MACD to pass 0.00 and RSI to continue to move upwards.
Short term traders look to get in when the price hits the lower black and sell when it hits the top. Of course manage your risks as well in case it dips or decides to move sideways.
Note
If you look closely, there was three pops on 7/12, 7/18, and 7/22. Afterwards the price consolidates between the support and resistance lines. If this trend continues, look for a similar "pop" a day or two from now.Trade closed: stop reached
With everything going on with Bitcoin, it seems that the alt coins are still being affected. It seems STRAT didn't follow support. So to play it safe, sell at .0016BTC just in case it continues to drop. I'm waiting to see if it finds support at .0015BTC like it did previously.
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