Strk
Alikze »» OP | Ascending channel🔍 Technical analysis: Ascending channel
- In continuation of the analysis presented in the previous post, after dealing with the descending channel, it was corrected for a while. which led to the completion of correction leg C. Finally, the modification leg in the range of PRZ-1 met with demand.
- Currently, it is moving in a short-term ascending channel.
- Due to the exit from the medium-term downward channel and pullback to it, an upward trend has been formed.
- Therefore, I expect it to move upward in this channel and continue its growth until the supply range.
💎 Alternative scenario: If it does not have the ability to exit the golden zone and faces the weakness of the trend, the correction can continue until the origin of the movement.
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BINANCE:OPUSDT
Alikze »» FIL | Complementary scenario of correction wave 2🔍 Technical analysis: Complementary scenario of wave 2 of super cycle
- In the analysis presented in the previous post, after reaching the range of 6.25 in a short-term ascending channel, a bearish reversal candle was encountered.
- According to the structure of this correction in the form of a 5-wave zigzag, it can be a correction in the form of a 2-wave correction of the entire previous upward wave.
- Therefore, if this wave ends in the green box area and meets the demand, we should wait for a return cycle to the red box area (supply area).
- If this reversal can break the zone after a short correction in the form of wave 3 ascending super cycle and stabilize above the zone, we will have the scenario of wave 3 ascending super cycle, which further updates will be provided subsequently.
⚠️ In addition, if this amendment enters the range of invalid level, this scenario will be invalidated and should be reviewed and revised and the scenario of the second behavioral movement should be replaced.
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STRK. Speculative investment. $0.38 ---> $3+They dump the price at the beginning to handle sell pressure. In the green zone (low), the strategic market makers will buy again and use cheap tokens + small selling pressure for a global pump.
I don’t know where to sell, because markets are not static, team plans are not static, nothing is static. But I believe that $3+ is the minimal target in a successful case.
This theory works only if you researched & found a special format of token unlocks after the project launch (not team & core unlocks).
~$3 means ~$10 billion market cap on the highest price at that moment.
Starknet $STRK 1$ before 2025I expect a wild rally to drive new buyers into the asset and then a fall again. The big picture looks like the worst project in the L2 sector where the team sold all the coins immediately after unlocking. Just manipulation and nothing more. Only if you want to ride until 2025, after that I don't recommend keeping this coin in your portfolio!
STRKUSDT LONG IDEAA major player is pushing the price within the descending channel. Now you can see how the price has moved into the accumulative phase. It is possible that the price will move lower into the surrender zone to remove the “weak hands”. The exit from the channel opens the way to the past highs with a higher probability.
STRK target 0.6528 (short-term)4h time frame
-
Entry: $0.4535
TP: $0.6528
SL: $0.41
RR: 4.58
-
(1) Just broke above the ascending channel pattern
(2) Going to retest the channel, might get support on the top of pattern
(3) Both supports are overlapped from pattern and Fib 0.618 at around $0.4535
(4) Target is set at Fib 2.0, which also have the resistance from previous structure
(4) Stop loss once going below $0.41
STRKUSDT Price Making Higher HighsSTRKUSDT technical analysis update
STRK's price is making higher highs and has formed an ascending channel on the 4H chart. The price has broken the ascending channel's resistance line with high volume. We can expect a small retest before the price continues upward.
STRK price potential to reach $1.00 in few weeks.
STARKNET long setup - BINANCE:STRKUSDT
COINBASE:STRKUSD
Hello Traders
💥Long position on STARKNET
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.402
0.405
0.410
0.413
0.419
🔴SL:
0.382
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
Starknet STRK price and upcoming unlock coinsOn 15/09, $64 million of STRK will be distributed, which is +3.6% of the coins in circulation.
Given that the price of OKX:STRKUSDT is currently hovering near its lows, and we are waiting for positive macroeconomic decisions ahead, it is unlikely that these coins will be sold on the market now.
Targets for the #Starknet price look more attractive:
- medium-term - $0.60
- long-term - $1.20-1.30
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Alikze »» STRK | Trading range🔍 Technical analysis: Trading range
- It is in a downtrend on the 1D daily time frame.
- Currently, it is in the area between 0.33 and 0.42 as a trading range.
- In case of support in the 0.39 area, it can grow up to the supply area.
🛑 The most important resistance: 0.586
- Due to the fact that there is demand in the current area, this failure can happen from above.
- He has tested the swing several times. According to the momentum, there is an expectation of failure from above.
- But if there is consolidation below the 0.39 area and there is a break from the bottom, the bearish scenario will gain strength.
💎 Alternative scenario: Considering that the formation of a bearish flag pattern is given, if the 0.39 area is not maintained and stabilizes below the area, we can expect confirmation of the bearish flag pattern, which with the breaking of the trading range area can be a correction as much as the previous leg. experience another.
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BINANCE:STRKUSDT
Has #Starknet started an uptrend?IDX:STRK 1D chart;
#Starknet, which started a downtrend with the level it lost on April 12, will give the second major signal for an uptrend if it can close today above the $0.43 level.
It gave its first signal with the positive mismatch it showed on the RSI side in the past days.
Although the price continues its horizontal progress, the rise in the RSI side stands out.
In the short term, $1.4 can be considered as the target zone. Because it will make a move to clear the liquidity at this level at the first opportunity.
The big green candle on the side shows its weekly performance.
If it closes below the +OB level of $0.337, we will talk about new levels.
Alikze »» NOT | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a descending channel in short-term time frames of 12H.
- Currently, it is in the middle of the channel, which is suffering in the liquidity area.
- If the current zone is broken, the correction can continue until the bottom zone of the descending channel, the range of 0.0061.
- In addition, if the bottom of the channel is broken, the next support zone can touch the 0.00458 range, which is the demand zone.
💎 Alternative scenario: If the liquidity zone is maintained in the middle of the channel, the first target can touch the ceiling of the channel.
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BINANCE:NOTUSDT
Alikze »»GRT | Bearish Flag Pattern🔍 Technical analysis: Bearish Flag Pattern
According to the analysis presented in the previous post, after the completion of corrective wave B, an upward wave in the form of wave 3 or C grew to the size of 1.272 fibo of the previous wave itself.
- Therefore, this rising wave can be labeled as wave one.
💎 According to the structure and behavior of the three-wave correction, an ascending log equal to 61.8 fibo of the previous wave has been returned.
💎 In addition, this return wave was in a channel and formed a descending flag. Therefore, the bearish flag pattern can also correct as much as the bar.
- This descending log can return at least 100% of the previous wave, which will be the range of 0.1446.
- If it continues and breaks it, it can extend to the floor of the channel and shopping area.
💎 Resistance zone: limit 0.39 and fibo 61.8 channel ceiling
💎 Alternate scenario: If the 0.618 Fibo area breaks to the upside, the bearish scenario will be invalidated and should be re-examined and updated.
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Starknet STRK price tamping the bottom "3"Most #STRK holders would probably like to see the blue scenario play out💙.
Because the pattern for an upward breakout in the price of OKX:STRKUSDT is quite good
and we would give this scenario a 60% probability of development.
And 40% for the red one ❤️. Because if the OKX:BTCUSDT price breaks below 65K towards to $61k, then the price of the #Starknet token will drop to $0.47, at best.
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Will StarkNet STRK revive from the dead zone? Hello, Skyrexians!
Today we have another one "perspective" crypto to overview. This is BINANCE:STRKUSDT token. Since Binance listing price dropped significantly and continue dropping now. Entire crypto market dump boosted the STRK sell-off. Today we will analyze in details this asset and try to understand will this coin pump or die. It's vital for successful cryptocurrency trading to consider all possible scenarios.
Looking at the most of ideas on this asset we can conclude that most of the crypto trading strategies gave the advice to buy this coin when price was above $1.5. Obviously, it's not profitable crypto trading strategies. Even automate crypto trading of most cryptocurrency trading platforms fails to predict the price of this asset because after dumping at 50% it continues dumping, which is not likely according to the most crypto trading algorithm. That's why most of automated trading bots and grid bot faced with losses for this asset.
The exception is the ai crypto trading bot which takes into account the Elliott wave, the key feature of successful crypto trading. Today we consider STRK price action using advanced technique. Let's go!
STRK dump structure
Let's use the 1D time frame to analyze this downtrend. Fortunately, it has the clear Elliott waves structure. Awesome oscillator helps us to find the most impulsive wave 3, this is the min value. After this the price formed the flat or triangle wave 4. If crypto has already significantly drop it tends to form the flat corrections without big retracement to the upside. This is because most of early bulls have been locked in their position and they shall be disappointed before reversal.
Now we can see three strong signs of trend reversal. Awesome oscillator crossed zero line after wave 3 bottom reaching, it has printed bullish divergence and the momentum now is upward. In most of cases these are enough to make a decision about the entering trade, but we will make the deep dive further in different indicators.
Alikze »» LINK| Descending channel🔍 Technical analysis: Descending channel
- According to the previous post , after not fixing in the green box, the second scenario was realized.
- In the daily time frame, it faced a correction after a movement cycle, which is currently moving in a descending channel.
- Now after the demand at the bottom of the channel and the green box area, it has broken the middle of the descending channel after the second collision.
- Therefore, it can continue the upward movement with pullback to the middle of the channel, up to the roof area of the descending channel.
💎 In addition, if it can break the supply area and stabilize above the 15.6 range, it will have the targets of 1.272 and 1.618 Fibo.
💎 Alternative scenario: Note that to continue the upward trend, it must be above the 12.5 zone, so if it stabilizes below this zone, it can touch the green box again.
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BINANCE:LINKUSDT