Substratum is displaying a bullish MACD divergence together with a Doji 4h candle on the exponential channel support. I believe these are strong indicators that a second runup in price will occur. The two previous runups peaked at the 2.618 Fibonacci extension of the previous one, which sets the take profit range at around 35ksat to 40ksat. Buying at the current price of 13.8ksat will provide a rough gain of 200%.
However, the bearish trend seen since the previous peak is relatively strong. I recommend setting a stop loss order at 12.5ksat
Buy: 14ksat
Sell: 35ksat - 40ksat
Stop loss: 12.5ksat
However, the bearish trend seen since the previous peak is relatively strong. I recommend setting a stop loss order at 12.5ksat
Buy: 14ksat
Sell: 35ksat - 40ksat
Stop loss: 12.5ksat
Comment:
Note that a possible BTC crash is imminent. That will throw off this TA as Substratum is dragged down with BTC.
