STPTBTC - 20 000% opportunity! + Huge Base / Head and shoulders!- We have a massive base on the weekly timeframe / inverse head and shoulders!
- If you love bases as much as I do, then this is definitely your opportunity for great gains!
- Volume looks solid, no bearish pressure and we have a massive volume spike, which is always good to see.
- The price is currently above the POC level, so we can expect a pump any time soon.
- You can buy a breakout above the base for a safe trade with confirmation.
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STPTUSDT
STPT try to break out falling wedge#STPT/USDT
$STPT trying to break oy from falling wedge. if this happening price will head up toward resistance zone around $0.12 and break out from this resistance can increase price to touch resistance zone between $0.16 and $0.2
there is a support zone around $0.74 which is the same with long term ascending support, that price may have touch it in pullback after break out from falling wedge.
break down from ascending support line will invalid this analysis.
STPT Retraced, Reversal LikelySTPTUSDT 12H.
The STPT token is an ERC-20 platform token that allows users to participate in events like airdrops, bounties, Micro Token Offerings, and virtual staking. Additionally, STPT can be used as a payment currency for services within the ecosystem.
Oct 5 there was a huge pump. It dropped down, bounced near GP, but bulls couldn't hold up, retested it and broke below GP slightly. Luckily the Bulls held strong at the Key Support level . Now that's a retracement that's near 65%.
Ranging between minor resistance and support level as seen on chart , with one attempt initially made to break up
Currently trading in the GP Zone .
Daily RSI TF is bullish .
Reversal is highly likely , high probability of upward movement again. Given BTC is stable, this idea will play out .
PS : Based on a follower's demand, I have analyzed this token.
Follow @CryptonKidd for more analysis and ideas.
STPT TRENDChart shows two possible price movement in the coming days. This chart indicating a perfect entry point has already been published yesterday but was restricted due to some violations. You can buy btw current price and some lows and stop loss as 4.187 (4.5% risk)
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