STGUSDT.4HReviewing the STG/USDT chart on a 4-hour timeframe reveals a persistent downtrend, characterized by lower highs and lower lows. This analysis draws from various technical indicators and chart patterns to evaluate the current market dynamics and potential future movements.
Key Observations:
Trend and Chart Patterns: The asset has formed a descending channel, confirmed by the alignment of lower peaks and troughs. This pattern typically indicates continued bearish momentum. The current price is nearing the lower boundary of this channel, suggesting a crucial testing point that could determine short-term market direction.
Resistance and Support Levels: The chart displays key resistance (R1) at around $0.4 and a stronger resistance (R2) at approximately $0.5188. Support levels (S2 and S3) are indicated lower on the chart, with the immediate support (S3) being tested. A break below this could lead to further declines.
MACD Indicator: The MACD line is below the signal line and both are trending downwards, which typically indicates bearish sentiment. The negative histogram further confirms this bearish trend.
RSI Indicator: The Relative Strength Index is near 45, which is neither oversold nor overbought. This indicates a somewhat balanced yet slightly bearish momentum, as it leans towards the lower end of the neutral range.
Technical Analysis and Conclusion:
Given the proximity to the lower boundary of the descending channel and the testing of support level S3, this is a critical juncture for STG/USDT. If the support holds, it could provide a rebound opportunity towards resistance levels R1 or potentially R2. However, a break below this support could exacerbate the bearish trend, potentially reaching new lows.
Trading Strategy:
For traders, the strategy would depend on the price action at the support level S3:
Bullish Scenario: If the price shows signs of recovery at S3 with increasing volume and a bullish reversal pattern, consider a long position with a target at R1 and a stop-loss just below the recent lows.
Bearish Scenario: If the price breaks below S3, a short position could be warranted, targeting further downward movement. The stop-loss in this case would be set just above the breakout point.
Investors should monitor further developments closely and adjust their strategies based on actual price movements and additional market factors. Always consider using stop-loss orders to manage risks effectively.
STGUSDT
STG/USDT NEW BREAK POSSIBLITYSTG/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
There is a good chance for a break in the coming time.
Trend levels
The coin is on important break trend which means if it can get confirmed it will break.
STG Long Term Profits PlanHello traders!
Currently, we are experiencing a big drop in Crypto but other markets have also been dropping hard. So, now instead of going all panic mode let's switch gears and plan ahead to take advantage of the buying opportunities. So, here's my plan in the long term for StarGate.
1) Right now, we can see price hit the Demand Zone which is the zone marked in green. It got pierced though recently after a real long time. However, it's turning into a hammer candle and reversing altogether which means strong buying pressure stepping and it could totally be a fakeout, so we should stay alert to see how it plays out.
Possible confirmations for the demand zone to be safe are: Wait for the price breakout and take a position when it re-test the zone back again.
In the future if the bearish trendline gets broken, we can expect an important rise on the price. We still have to deal with a strong supply zone which is marked in red. If price manages to pierce through the supply then we fly to the moon ♥ meanwhile, I'll be monitoring weekly and informing STG movements over time.
2) TARGETS: The nearest one would be 0.53, which would act as a mean reversion zone. After that, we can expect ranging, and we'll have to wait for signs and clues to find out what could possibly happen next. Targets long term: the supply zone and the ATH +
This idea is to spot for the long term. This asset is still in ranging mode; there hasn't been a breakout of the range yet. However, it's worth noting that there's a triangle pattern playing out in the monthly timeframe, right now.
I hope you find it useful and are able to take advantage of this idea.
Kina Tip of the Day: Take profits partially even when they don't seem much because, in the long run, they will grow in a balanced way with the rest of the portfolio.
Keep it shiny ⭐
Kina, The Girly Trader
STG Morning Doji Star 🍨 Massive GainsHey guys!
Well, first of all you don't want to miss this chance!
Here's my price action analysis for this coin:
We have a very strong upwards trendline that has been respected and bounced off from for 7 months. That's a huge hint to prove is a key area!
It has been faked out twice and everytime it bounced off from it, came back stronger than ever.
Last bounce we had not only it bounced off our upwards trendline but it also formed a strong bullish reversal candlestick pattern: Morning Doji Star!
We could say it's trying to break from the downwards move (pennant, triangle) these are very subjective but it adds up to the confluence ice cream bowl.
As a side note, candlestick patterns don't have a real meaning unless they happen at a high confluence zone then you really want to play attention to get on board on the train early!
Moreover, I recommend you trade SPOT this because market fluctuates and stops can get taken out in higher TF ideas. So HODL !
Targets area marked as TP1, TP2 and TP3
All the best,
Kina 🍨 The Girly Trader
#STGUSDT: Will It Plunge to New Lows or Soar Above Resistance? Yello, Paradisers! Are you ready for the latest on #STGUSDT? It's time to dive deep into the current market movements of STG.
💎#STGUSDT is under massive selling pressure and seems poised to descend further to the crucial support zone at $0.338. However, if #STG breaks out above the $0.44 - $0.48 resistance range, it could signal a strong upward trajectory and potentially hit our target without touching the support zone.
💎The support zone has a high likelihood of a rebound for #StargateFinance, as it hasn't been tested since STG's significant previous breakout. If NYSE:STG exhibits positive signals, like a bullish candle rejection within this zone, it suggests that the support is solid, and we could see an upward movement.
💎Conversely, if #STG fails to show positive signs in the support zone, it spells trouble. A breakdown here could drive the price down to the weekly Order Block (OB) at $0.299, where numerous buyers are likely waiting. The probability of a rebound in this OB is high, and reclaiming the support zone would keep the bullish scenario intact.
💎Should NYSE:STG fail to sustain above the OB area and break down further, we may see a continuation of the bearish trend and invalidate the bullish outlook.
Trade smart, Paradisers! The next few moves in #STGUSDT are critical and disciplined strategies will make all the difference.
MyCryptoParadise
iFeel the success🌴
STG/USDT Can Rally After Successful Retest of Bullish OB👀🚀💎Paradisers, brace yourselves for a captivating shift in the #STGUSDT market, suggesting a possible bullish surge from its current demand zone.
💎Following a recent rejection from a strong supply zone, #STG has cleared buy-side liquidity. This scenario paves the way for a potential downward move and creates an opportunity for a rebound from the critical bullish OB at $0.4433.
💎If $StargateFinance gains enough bullish momentum, we might witness a dynamic push that challenges and potentially breaks through the upper supply zone. However, if #STG struggles to hold ground within this critical support zone, a quick strategic pivot will be required.
💎This is where Plan B comes in: the focus would then shift to initiating a bullish move from a lower demand zone at $0.3901. This level is key, as a drop below it could signal early signs of a bearish trend in the NYSE:STG market narrative.
STGUSDT(Stargate Finance) Daily tf Range Updated till 31-05-24STGUSDT(Stargate Finance) Daily timeframe range. it had a nice pump, but the close over 0.7022 is not really a strong one. if it can keep up above it that will lead to 0.8549. recent retrace point is at 0.7022 breaking it will lead it to 0.5716.
Update STGGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
STG after the pullback will continue to go upSTG after the pullback will continue to go up
🔵Entry Zone 0.7156 - 0.7334
🔴SL 0.6679
🟢TP1 0.8102
🟢TP2 0.8834
🟢TP3 0.9953
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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STG LOOKS BULLISHSTG is forming a large diametric.
Now it looks like wave C and time on this diametric is over and STG is entering bullish wave D.
By maintaining the green range, it can move up to 30-40 days.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
STG/USDT Break Alert!! Indicating Bullish Momentum, Continue UP!💎STG has recently exhibited noteworthy market dynamics, breaking out of a key resistance area and currently undergoing a retesting phase at the support level, which was previously a resistance.
💎 If STG this retest proves valid, we can anticipate the price bouncing from the support and continuing its upward movement, probability of reaching our target area.
💎 However, if STG fails to bounce from the support and instead breaks below it, the price may reverse direction and move downward towards the demand area around $0.628.
💎 It's crucial for the price to bounce from the demand area and either break out above the resistance or reclaim the area to maintain bullish momentum. Failure to do so could result in continued downward movement for STG, potentially reaching the next support level or even lower.
STG after bouncing off the trend line is continuing to go upSTG after bouncing off the trend line is continuing to go up
🔵Entry Zone 0.6851 - 0.7130
🔴SL 0.6462
🟢TP1 0.7496
🟢TP2 0.8026
🟢TP3 0.8688
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments.
SasanSeifi 💁♂Uptrend Continues, Eyes on $0.81 and $1 Targets
As you can see in the chart, the price of STG has been on an upward trend since starting from the 0.38 cents range in the 4-day long-term time frame. After some minor fluctuations, the price has again started to rise from the 0.50 cents demand zone and is currently trading at 0.70 cents. In the long term, we expect to see price growth in the 0.81 and 1-dollar liquidity zones. We also expect a new HIGH above the 0.70 cents range.
This is not financial advice. Always do your research before making any investment decisions.
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
STG - PUMP or DUMP - We are ready with our entries 👻#STG/USDT Analysis
Description
- STG has formed a nice descending triangle and currently in decision phase of whether this will breakout upwards or downwards.
- No matter in which direction the price breaks the triangle I see a good trade opportunity.
- If the price breaks above the resistance line then we can enter a LONG trade around 0.6593
- If the price breaks below the support line then we can enter a SHORT position around 0.6200
LONG Entry: 0.6593 | StopLoss: 0.6200 | Target 1:0.6807 , Target 2: 0.7197
SHORT Entry: 0.6200 | StopLoss: 0.6593 | Target 1: 0.6015, Target 2: 0.5660
Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-20x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo
STG( STARGATE ) CAN ENTER NEW ALL TIME HIGH $5 SOON!Thanks for reading this update.
We expect that there is a high chance that STG will enter $5, since the confirmation for the cycle trend.
STG can show unexpected targets.
We will follow this coin for new ATH
We have made this study exactly on the way of WLD.
We did check the previous coins that made the same increase effect, the same data we used on STG for the high possibility. > There is a building trend making on STG.
For the cycle trend, we don't check the low time frame, since the real trend is the main trend. The cycle activation is done on STG and will follow the trend of it.
For day updates and low time frames check this update:
STGUSDT H4Hi Guys Hope You well
We are now Here to share you our idea.
Do the best .
SecondChanceCrypto
⏰ 19/FEB /24
⛔️DYOR
Always do your research.
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