MikeCryptoSignals

STRAX / BTC Looking good for a try !

Long
MikeCryptoSignals Updated   
BINANCE:STRAXBTC   STRAX / Bitcoin
#STRAX / BTC ( BINANCE )

Buy Range : 0.00001382-1450
Stop Loss : Daily close below 0.00001175

Target 1: 0.00001986


STRAX is performing really well in the last week. We see how price is trying to break above moving averages while oscilators are pushing higher

- RSI leave oversold area pointing up
- Momentum indicators suggesting turning into green territory
- MACD , STOCH and CCi looking bullish


- RSI bullish divergency in Weekly chart
- Last week candle suggest bear action has ended and we can expect some bounce up

- Dominance is going down and many alts are outperforming bitcoin. I think this target is perfectly reachable for strax ( old strat ) . If we see a closed candle below daily MA , then we have to be a bit careful.

Remember use correctly your funds.
Good luck
Trade closed: target reached:
Nice profits
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.