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Stratis/BTC is attempting to test supports exactly at 21-DMAs, but these buying sentiments are not backed by the momentum oscillators as both RSI & stochastic curves show downward convergence to the price dips on both daily terms and 4H plotting, while the minor trend consolidating through upward trend line.
Fundamentally, Stratis is a blockchain-based platform that is predominantly dedicated towards business applications. Recently, it released an official announcement divulging to the public that it has been a certified official Microsoft Silver partner now.
Well, Stratis has always been working towards its prime objective to get C# blockchain technologies to the forefront of its enterprise clients.
The Stratis technical team further elaborates that it has been functioning towards prospects in the most out of the development and marketing resources that are provided by Microsoft for use by its certified partners.
Overall, the price trend of this cryptocurrency has been attempting to consolidate its recent massive downtrend from the peaks of 0.0016810 to the recent lows of 0.0001833 levels. For now, more slumps likely upon intensified selling momentum and bearish DMA & MACD crossovers.
FxWirePro Currency Strength Index: Hourly BTC Spot Index was at -161 (which is bearish), while Hourly USD Spot Index was at 65 (bullish) at 06:56 GMT.
For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
