Long Term Move on STRAT/BTC | Cup and Handle Formation

I am going to present the technical analysis on STRAT on Bittrex.

On the Daily time frame, the STRAT/BTC is showing the formation of Cup and Handle pattern. This formed pattern is indicating a bullish move. In case. This is a long-term move.

Also have a look at the MACD signal line which is also moving upward, thus showing a bullish move.

Have a look at the technical chart.

Image Source: www.tradingview.com

Indicators used:

I have used following two indicators.

1. Relative Strength Index
2. MACD

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