STRATUSD closes lower for the 2nd day in a row
Stratis/US Dollar Index (STRATUSD) Technical Analysis Report for Aug 11, 2018
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.
Daily Candlestick Chart (STRATUSD as at Aug 11, 2018):
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.
With seven out of the seven Major Cryptocurrencies closing lower today, the ones that stand out on the negative side are XRPUSD losing -8.28% and ETHUSD closing -6.98% lower. None of the markets managed to end the day in the green. Looking at the other Minor Cryptocurrencies, the winners of the day have been BTCCNY surging 5.28% and WAVESBTC closing 1.9% higher. The worst performers of the day have been ELFBTC tanking -13.38% and IOTUSD closing -12.28% lower...read more