There are chances that stratis reached the bottom.
I base my supposition on the daily timeframe.
The bullish impulse of the second half of december is a very atypical movement in the context of the bear market.
The RSI confirm this supposition as the negative trend of the buying strenght was broken.
In the DMI there are also very interesting movements.
The ADX during the second half of the bear market increased during the sell periods and came back to the cool zone during the consolidation. After the important sell of last november, a green waves brought the price back at the same price than before the november sell. Like a last shake out!
Now ADX is back in the cool zone and the price is coming slowly down direction last support. The logic says that the ADX will increase again in the next time and probably through a new bullish impulse. With that the bottom would be on place.
BIO
I base my supposition on the daily timeframe.
The bullish impulse of the second half of december is a very atypical movement in the context of the bear market.
The RSI confirm this supposition as the negative trend of the buying strenght was broken.
In the DMI there are also very interesting movements.
The ADX during the second half of the bear market increased during the sell periods and came back to the cool zone during the consolidation. After the important sell of last november, a green waves brought the price back at the same price than before the november sell. Like a last shake out!
Now ADX is back in the cool zone and the price is coming slowly down direction last support. The logic says that the ADX will increase again in the next time and probably through a new bullish impulse. With that the bottom would be on place.
BIO