STRATUSD closes lower for the 2nd day in a row
Moving lower for the 2nd day in a row, STRATUSD ended Saturday at 1.53 losing $0.09 (-5.56%) on low volume. Today's closing price of 1.53 marks the lowest close since June 28, 2017. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 1.61, STRAT/USD confirms its breakout through the prior session's low having traded $0.09 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Saturday's trading range was $0.09 (5.63%), that's below last trading month's daily average range of $0.20. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
Prices are trading close to the key resistance level at 1.62.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Stratis/USD Index
|Low close to previous low||TQ Pro Members Only|
|2 Consecutive Higher Closes||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
|Tweezer Bottom||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
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