STRATUSD closes within prior day's range after lackluster session

Stratis/US Dollar Index (STRATUSD) Technical Analysis Report for Sep 15, 2018 | by Techniquant Editorial Team


STRATUSD closes below its opening price unable to hold early session gains
STRATUSD ends the day on a bearish note closing near the low of the day
STRATUSD runs into sellers again around 1.48
STRATUSD stuck within tight trading range
STRATUSD closes within previous day's range after lackluster session


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.

Daily Candlestick Chart (STRATUSD as at Sep 15, 2018):

Daily technical analysis candlestick chart for Stratis/US Dollar Index (STRATUSD) as at Sep 15, 2018

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.

With six out of the seven Major Cryptocurrencies closing higher today, the ones that stand out on the positive side are ETHUSD gaining 6.08% and ETCUSD closing 3.28% higher. On the flipside the worst performer has been LTCUSD closing -0.21% lower. Looking at the other Minor Cryptocurrencies, the winners of the day have been ETHCNY surging 11.52% and KCSBTC closing 6.75% higher. The worst performers of the day have been ETHGBP tanking -8.43% and NANOBTC closing -5.24% lower. Read more

Market Conditions for STRATUSD as at Sep 15, 2018

Loading Market Conditions for STRATUSD (Stratis/US Dollar Index)...
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