Why Stratis is again a bargain buy right now, depression phase!
Alright, welcome all with my posts on TradingView. First task: updating the coins I posted here a few months back, so all the charts are back up to date once again.
First our friend Stratis. People are losing faith in this one --> strong indicator of a bottom coming in.
We’ve expected upwards movements in April from $3 to $8, as the $8 is a strict resistance area, which was quite hard to break. What did we also see? Bitcoin went to $10.000 the same time and couldn’t break it due to bearish divergences.
Let’s see what we see on the 12h chart here.
RSI: bullish divergence and about to break the downtrend on the RSI.
Stoch: no bullish divergence.
MACD: strong bullish divergence since the middle of May.
Histo: bullish divergence.
Let’s check this on the daily and the 2d charts, what we can see there too.
1 Week chart: Stoch bottomed out for the first time since the end of March.
3 Day chart: RSI <30 for the first time ever. Stoch bottomed out for some time now. No bullish divergences. Turning here could create them.
2 Day chart: Stoch strongly bottomed out, RSI on all time low of 24, MACD negative with Histo bullish divergence since middle of may.
1 Day chart: Bullish divergence on the RSI. On the final drop also on Stoch. MACD & Histogram both have bullish divergences.
From a fundamental point of view: Stratis has been releasing tons of updates and products lately, still not reacted on the price, which means that the price is being pushed down.
What can we conclude from this? Both Bitcoin and Stratis will move up. Stratis against Bitcoin shows the same bullish divergences and indications for a reversal. Bitcoin against USD does too.
This chart: Strat against USD is two charts in one: STRAT/BTC and BTC/USD, which is a good argumentation to build from when you’re positioning yourself or when you need to find answers when Bitcoin is going to reverse or not. Mostly you’ll find the same indications on altcoins, as they move hand in hand.
Targets first: $3 level, later on $5 level. Probably the depression phase for now, as we can make that out of this one too and then we’re done.
First our friend Stratis. People are losing faith in this one --> strong indicator of a bottom coming in.
We’ve expected upwards movements in April from $3 to $8, as the $8 is a strict resistance area, which was quite hard to break. What did we also see? Bitcoin went to $10.000 the same time and couldn’t break it due to bearish divergences.
Let’s see what we see on the 12h chart here.
RSI: bullish divergence and about to break the downtrend on the RSI.
Stoch: no bullish divergence.
MACD: strong bullish divergence since the middle of May.
Histo: bullish divergence.
Let’s check this on the daily and the 2d charts, what we can see there too.
1 Week chart: Stoch bottomed out for the first time since the end of March.
3 Day chart: RSI <30 for the first time ever. Stoch bottomed out for some time now. No bullish divergences. Turning here could create them.
2 Day chart: Stoch strongly bottomed out, RSI on all time low of 24, MACD negative with Histo bullish divergence since middle of may.
1 Day chart: Bullish divergence on the RSI. On the final drop also on Stoch. MACD & Histogram both have bullish divergences.
From a fundamental point of view: Stratis has been releasing tons of updates and products lately, still not reacted on the price, which means that the price is being pushed down.
What can we conclude from this? Both Bitcoin and Stratis will move up. Stratis against Bitcoin shows the same bullish divergences and indications for a reversal. Bitcoin against USD does too.
This chart: Strat against USD is two charts in one: STRAT/BTC and BTC/USD, which is a good argumentation to build from when you’re positioning yourself or when you need to find answers when Bitcoin is going to reverse or not. Mostly you’ll find the same indications on altcoins, as they move hand in hand.
Targets first: $3 level, later on $5 level. Probably the depression phase for now, as we can make that out of this one too and then we’re done.