Taking a look at the daily chart for Substratum, we can see that the price is sitting directly between support and resistance and one will have to give. Which will it be? That is a good question because it could go either way. On the one hand, the MACD has broken the overhead resistance trend (yellow) AND it has broken the zero line. The Stoch RSI is also signaling oversold. These are bullish signs. However, volume is very low and the price has followed this pattern once before. Even the Stoch RSI shows identical patterns from last time. If history were to repeat itself, we are going to break to the down side. The price is currently in a falling wedge (white), but I do not see the price falling to that support level. If SUB falls to the the downside, I think it catches support at the previous bottom and retests resistance. Many alts have been turning bullish, but SUB has yet to jump. As such, I would have my buy order ready on the chance it breaks to the upside. You would be in early one what could be a very big jump. If the prices doesn't break out, you're not committed and you can get some cheaper SUB for the next bounce.
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