Hi guys, I just spotted a possible break up for Stratis with a nice buy opportunity for a long term buy.
As you can see there is a bullish flag happening and looking at the MACD and RSI there is a good chance it will break up.
Support and resistance level are clear. Make sure to build a stop/loss order.
Stop/loss: 0.00055 - 0.00056
Target 1: 0.00068 -...
After broken the neckline of the H&S price going down pushing more down against the rally of BTC (yellow line) and little volume.
A see a change of tendency for STEEM recover after forming a star candle at the 0.00018260 support line.
To continues this uptrend we need the volume of the last days and keep on eye on the BTC behavior and we gonna see a good and...
The daily as well as the strong support in 2050-2100 area provide strong indication. Sidelining until a decision, which will most likely be depending on the question if bitcoin (chart in comments) can breakup.
Despite the fact that every day we see negative news (oil freez failed) and different comments in articles, the action in market is bullish. That is why I prefer to listen the price, not analysts with their opinion.
So, as we are approaching major resistance area after a long run, I wouldn't be chasing (initiating new positions) here. Better to wait for another...
The double top of yesterday broke down, although it did not go straight down to 240, we were able to take profit. Unfortunately that same pattern is not visible on the huobi charts, where there was a weird head and shoulder / triple top-ish pattern. Nevertheless, all charts where pointing down.
Today I use BTC / CNY on huobi for chart because it illustrates a...
Keep the Euro on your radar screen. It's consolidating and will most likely move soon. She's come a long way so another move down could result in a snap back rally. If she breaks to the upside first look for a re-test of the break down lows.