Substratum looking strong as long as BTC doesn't show weakness
Short-Term analysis on 5 min Candles, Mid term (12 hr on the chart)
Recent profit taking on last spike pushed RSI to
oversold on 5 min chart. And also pushed to oversold
on the bollinger bands on 5min . 7 MA looking to cross
25 MA soon this would confirm short term trend
Trade initiated at 2000 sats
MACD looking like its about to form bullish divergence
with 5 min candles
I expect SUB to stay in bullish channel for short-term
unless weakness comes to BTC in which case, will sell
trade position.
I have a long-term holding also, that won't be sold. 25% of total position used for swing/day trading.
Recent profit taking on last spike pushed RSI to
oversold on 5 min chart. And also pushed to oversold
on the bollinger bands on 5min . 7 MA looking to cross
25 MA soon this would confirm short term trend
Trade initiated at 2000 sats
MACD looking like its about to form bullish divergence
with 5 min candles
I expect SUB to stay in bullish channel for short-term
unless weakness comes to BTC in which case, will sell
trade position.
I have a long-term holding also, that won't be sold. 25% of total position used for swing/day trading.
Comment:
Chart is still in play 8 days later.