STRAT in a Heavy Accumulation Phase; Breakout Soon
Here’s the first chart that’s noteworthy for Stratis:
The golden line in the chart above = EMA-50.
As we can see, the price has interacted positively with the EMA-50 after crossing above it on the H4 resolution.
The volume is below the 10 period average for the last few periods, which isn’t really concerning because the price appears to be consolidating heavily.
From an objective view, it doesn’t appear that there’s anything too concrete that we can glean from this resolution, so we’re going to make our way up to the daily view.
STRAT/BTC Daily Resolution
As we can see in the price chart above, SSTRAT has been in a phase of extreme consolidation on the daily resolution.
If we zoom in just a little closer, we can see the following:
The golden line is the EMA-50. We can see that the price has crossed above it on the daily resolution (once again), but there isn’t too much else noteworthy here other than the fact that the price bounced off of the EMA-50 as a support point too.
The volume on SSTRAT isn’t too bad too. From an objective glance, it appears that the coin is in an obvious consolidation phase. Thus, the impending news of a network upgrade for SSTRAT and a new roadmap that is to be released in the near future could serve as important catalysts for some decent price action via FOMO and whales that are looking to push the price ever upwards in order to make a profit off of the bags that they have been accumulating for well over a month.
Momentum Indicators/Oscillators for SSTRAT
Above is the Stochastic RSI (normal periods; 3, 3, 14, 14) for SSTRAT on the daily resolution.
This is an indicator that we want to consult because, despite the extreme consolidation, it can at least give us a sense of what SSTRAT’s immediate next move might be.
The Zerononcense Balance of Power RSI speaks for itself at this point.
The MACD isn’t showing us anything crazy currently, but it is indicating that there has been significant buy pressure underneath SSTRAT for a while as well.
Conclusion
Everything that we can observe on the chart is telling us that there is significant buy pressure behind STRAT.
When we take this fact and combine with the obvious price consolidation (price moving sideways), it becomes clear that SSTRAT is in a major accumulation phase.
Thus, SSTRAT/BTC reads like a coin that is ready to spring up at any moment in time.
Therefore, the outlook for SSTRAT at this present moment in time is extremely bullish.
Here is the R/R for the trade:
The golden line in the chart above = EMA-50.
As we can see, the price has interacted positively with the EMA-50 after crossing above it on the H4 resolution.
The volume is below the 10 period average for the last few periods, which isn’t really concerning because the price appears to be consolidating heavily.
From an objective view, it doesn’t appear that there’s anything too concrete that we can glean from this resolution, so we’re going to make our way up to the daily view.
STRAT/BTC Daily Resolution
As we can see in the price chart above, SSTRAT has been in a phase of extreme consolidation on the daily resolution.
If we zoom in just a little closer, we can see the following:
The golden line is the EMA-50. We can see that the price has crossed above it on the daily resolution (once again), but there isn’t too much else noteworthy here other than the fact that the price bounced off of the EMA-50 as a support point too.
The volume on SSTRAT isn’t too bad too. From an objective glance, it appears that the coin is in an obvious consolidation phase. Thus, the impending news of a network upgrade for SSTRAT and a new roadmap that is to be released in the near future could serve as important catalysts for some decent price action via FOMO and whales that are looking to push the price ever upwards in order to make a profit off of the bags that they have been accumulating for well over a month.
Momentum Indicators/Oscillators for SSTRAT
Above is the Stochastic RSI (normal periods; 3, 3, 14, 14) for SSTRAT on the daily resolution.
This is an indicator that we want to consult because, despite the extreme consolidation, it can at least give us a sense of what SSTRAT’s immediate next move might be.
The Zerononcense Balance of Power RSI speaks for itself at this point.
The MACD isn’t showing us anything crazy currently, but it is indicating that there has been significant buy pressure underneath SSTRAT for a while as well.
Conclusion
Everything that we can observe on the chart is telling us that there is significant buy pressure behind STRAT.
When we take this fact and combine with the obvious price consolidation (price moving sideways), it becomes clear that SSTRAT is in a major accumulation phase.
Thus, SSTRAT/BTC reads like a coin that is ready to spring up at any moment in time.
Therefore, the outlook for SSTRAT at this present moment in time is extremely bullish.
Here is the R/R for the trade:
Telegram = t.me/librehash
Twitter = twitter.com/librehash
Website = librehash.org
GIt = git.librehash.com
Docs = docs.libreahsh.com
Twitter = twitter.com/librehash
Website = librehash.org
GIt = git.librehash.com
Docs = docs.libreahsh.com
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.