Compared to BTC and ETH Stratis has shown a movement between those two coins / tokens (yellow = ETH, blue = BTC), with more correlation to ETH.
It recovered from its last low as fast as other coins.
Actually it´s within in an ascending triangle with a litte upside momentum.
RSI is climbing, although the angle is lowering.
MACD is positive, but momentum is low.
Volume - where has you gone?
All the way up Stratis has had a lack of volume - this is a symptome of a lot of coins.
If volume is coming back I think Stellar should break the upper limit of the triangle and aiming fib retracement 61.8% at 11.90$. There is a strong resistance (two fib retracements + swing trend line).
If it is falling down outside the triangle there is not much strength to hold the price and it is to expect that it falls at leat to the support at fib retracement 78.6% (8.7$) or below!
It recovered from its last low as fast as other coins.
Actually it´s within in an ascending triangle with a litte upside momentum.
RSI is climbing, although the angle is lowering.
MACD is positive, but momentum is low.
Volume - where has you gone?
All the way up Stratis has had a lack of volume - this is a symptome of a lot of coins.
If volume is coming back I think Stellar should break the upper limit of the triangle and aiming fib retracement 61.8% at 11.90$. There is a strong resistance (two fib retracements + swing trend line).
If it is falling down outside the triangle there is not much strength to hold the price and it is to expect that it falls at leat to the support at fib retracement 78.6% (8.7$) or below!