This chart is for a friend who asked what are my current thoughts on Stratis, will it blow up soon? Generally I love to chart using , ( ) and Stochastic's
As we can see in this chart we can see the sudden increase in price creating higher highs and in the creating lower highs. It reaches the top and in the yellow circle was a perfect example of how and when divergence works. Because of the sudden drop back within the we can wait and check to and see if the next 3 bars close lower than the bar outside the bar. We can use this as an indicator to sell as usually when divergence works it usually has a sharp turn in the coin.
Now that Strat has fallen we need to start looking for lower lows in the chart and higher lows, but in our charts its a tad bit iffy. My opinion at this point of time is keep a close eye on it, keep watching for tighter sideways action as it seems we have maybe got a triple bottom in our chart. My thoughts because I don't see any higher lows is that it probably remain low until I see some good charting action.
Happy Trading guys
Sorry if my article was a bit brief been a little under the weather