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Cryptocurrencytrader

STX price action finding support on the 4hr 200maSTX posted 4-9-23 +14% gains ... so far here is another entry idea ( if you missed it ) or to add to entry ( scaling into the trade ) on 4-9-23 hidden bearish div played out and support bounce off of yellow dotted line played out wait for break of 1.0156 with volume confirmation for entry / or retest of 1.0156 price action finding support on the 4hr 200ma if price action ( PA ) pulls back and bounces of blue trendline , this would be a nice entry Market Cap: 1.3B Category: DeFi / Metaverse Target 1: 1.2223 Target 2: 1.3965 Target 3: 1.5420 Stop Loss: 0.8475 Manage Risk - have a stop loss in place Not Financial Advice This is for Entertainment Only
Long
by TradeIntuition
1
ETH/USD Weekly TA Neutral BearishETH/USD Weekly neutral with a bearish bias. *Depending on the outcome of the launch of the Merge (transition from POW to POS) on Ropsten testnet 06/08/22, many in the Ethereum community ( including co-founder Vitalik Buterin ) believe that it could launch on Mainnet by August if the transition is successful... or by September-October if there are any hiccups.* Recommended ratio: 45% ETH, 55% cash. Price is currently formally testing $1944 major support (which coincides with the uptrend line from June 2020); this is a critical support, if broken it will likely lead to a significant drop (at least 25%) down to $1400 and perhaps below. Volume remains moderate and is currently on track to favor sellers for eight consecutive weeks (new Ethereum record). RSI is currently trending down at 34 and is quickly losing support at 37.35 as it aims to test the lower trendline of the descending channel from August 2020 at ~32. Stochastic remains bearish and is currently testing max bottom as it will look to form a trough and attempt to cross over bullish. MACD remains bearish and is currently forming a new ATL at -274.38 with no signs of trough formation. ADX is trending up slightly at 21 as Price continues to fall, this is mildly bearish. If Price is able to defend support here between the uptrend line from June 2020 ($1825) and $1944 major support, the next likely target would be a test of $2361 resistance. However, if Price breaks down below the uptrend line from June 2020 at ~$1825 then it will likely test the lower trendline of the descending channel from October 2021 at $1407 support before potentially heading lower to test the 200 MA at ~$1200 for the first time since July 2020. Mental Stop Loss: (two consecutive closes above) $2000.
COINBASE:ETHUSD
by dailytaguy