To make money in the cryptomarket it is important to follow the trend. I believe it is best to begin with the big picture in mind and then work our way down to daily and than 4h chart. The RSI seems to be a good indicator of the cyclical overbought and oversold markets. In addition, the EMA lines act as support in a bull market and resistance in a bear market. You will notice that these charts give you more information about market trend than one card for example with 30M TF.
3-Day Chart:
The RSI dropped below 50, indicates a downtrend on the market, as well this indicator is far from oversold area. The price fell through the rising EMA lines and MACD crossed below zero.
The price looks to be just above the 0.00065 support level. If we are testing the 20/50EMA resistance lines, I think it will be a sign of uptrend which we will see in the next few months. If this resistance level holds, then it is a sign that the market will fall to strong support level to continue an accumulation of this wonderful coin.
1-Day Chart:
In the daily TF above, the price don't try to break up through the upper descending 20/50/100EMA lines and I think it's because someone want to buy more at this dip before first ICO will happen. To break through, we need to see above average volume and price spike to 110k, or the market will continue to either fall, possibly testing the lows reached in April 2017.
RSI is below 50 indicating a downtrend however it's near oversold area. Earlier the MACD failed to rise up through the signal line. It encountered resistance with 9-Day moving average and turned down, a sign of weakness. The indicators are telling us the market is at a decision point, either continuing to rally if it can move up or pull back and test prior lows.
If you are long, you should wait some days to understand where the price will go.
If the spike will happen, then significant resistance will be encountered at the exponential moving averages, and at the resistance level at 140k.
4-Hour Chart:
The 4-Hour chart above, an accumulation market has formed, but my opinion the price is oversold right now, so the fair price for this coin starts from 75k. This is an accumulation formation indicating we are more likely to see a spike soon. If that happens, we will most likely test the prior resistance at 80k-110k.
RSI is below 50 indicating a downtrend. The MACD turned may be turning down or up through the 9H moving average.Just keep in mind, Warren Buffett's first rule of investing is to not loose money. Patience is the key for you and your future investitions.
Conclusion:
Look closely to this digital asset. I recommend you to read about the first ICO on the Stratis platform, which will have a private sale at 5th March. I want to quote one of our telegram members.
"with sidechains, ico platforms (the 2 icos gluon and beyond global trade) they have a serious platform
also a DEV from C# corner and microsoft developer with high reputation joint the strat dev team
march and q2 will be huge
solid coin"
https://www.tradingview.com/chart/STRATBTC/hch2iPCa-STRATIS-This-is-the-calm-before-the-storm/
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