STRATUSD closes within prior day's range after lackluster session
Stratis/USD Index (STRATUSD) Technical Analysis Report for Sep 15, 2018
STRATUSD finished Saturday at 1.40 losing $0.03 (-2.1%). Trading $0.04 higher after the open, the cryptocurrency was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. 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 (6.25%), that's below last trading month's daily average range of $0.14. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average. Prices continued to consolidate within a tight trading range between 1.34 and 1.48 which it has been in now for the last three days.
After having been unable to move above 1.47 in the previous session, STRAT/USD ran into sellers again around the same price level today, failing to move higher than 1.48.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
Buying could speed up should prices move above the nearby swing high at 1.51 where further buy stops might get activated. Further selling could move prices lower should the market test August's close-by low at 1.14.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Stratis/USD Index
|Condition||Forecast||Direction||Direction||Win Rate||Win Rate||Exit Day||Exit Day||Events|
|Close near low of period||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
|Down Close Near Low of Period||TQ Pro Members Only|
|RSI(2) below 20||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
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