RSI is still in downtrend. If it is able to stay above 56 we can call for a reversal.
This is not trading advice, do your own research. You are responsible for your own trades and investments.
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Potential repeating cycle here.
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RSI has failed to break into bullish territory. This bounce down from 60+ RSI is expected. Price is currently just above mid line of the fork, 4 hour chart shows RSI can still fall to oversold level which would out us around .00062. Lets see if it can retest .0009 BTC in November.
I would be cautious trading this pair as it lacks volume and BTC is currently strong, and we have Segwit2x coming in mid November which is dangerous for alts.
@MonteCrypto, very serious. I've taken profit on strat at .00084 and am making other trades. I hope you were able to take profit in August from your idea you posted July 30th calling for where you called for a bull run with TPs at .0036 and .069 -- price is currently only 10% of what you expected it to be for Q3 & Q4. The way I see it we have a long wait before we see a bulltrend return to STRAT, we have already seen more than 50x on this coin. The volume was less than expected for their recent wallet, roadmap, & node news. For those who are long, at best we can have extended consolidation phase above the recent low of .0004, which would continue through the upper boundary of the pitchfork.
If you have some serious ideas on this pair feel free to share.