STRKUSD
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 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
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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.
STRKUSD Bullish Study Case
On the daily timeframe, STRK was in a bearish trend. Then, it started forming the Wyckoff accumulation pattern, which included a bearish candle with a long wick, marked on the graph as SC for Selling Climax. Then, we had the AR for Automatic Reaction, followed by the ST for Secondary Test, UT for Upthrust, and another STB for Secondary Test in Phase B.
Currently, I'm waiting for the retest that aligns with an inverse head and shoulders pattern in the 4-hour timeframe. Additionally, it aligns with a Fibonnaci's zone of interest.
STARKNET (STRK)StarkNet, a layer-2 scaling solution employing state-of-the-art zero-knowledge rollups, aims to enhance Ethereum's scalability by enabling high throughput and reduced gas costs. This innovative technology provides a vital infrastructure for developing efficient and scalable decentralized applications (DApps).
Given StarkNet's strategic importance in Ethereum's ecosystem and its promising technology, the next price targets for STRK could be set at $2.00, $2.4, and $5.00. Traders might consider taking a position now. This trading idea is based on the anticipation of continued interest and investment in solutions that facilitate blockchain scalability, particularly as Ethereum evolves.
STRK/USDT PLAN STRK/USDT:
The price of STRK is currently breaking out of a horizontal resistance level. I anticipate a bullish move of 15-30% in the short term. Additionally, STRK appears to be a promising coin for the mid-term, with a potential to reach $5 in the upcoming weeks.
Please note that this analysis is based on my personal opinion and is not financial advice. Kindly do your own research before making any investment decisions.
$STRK upside $4-9?IDX:STRK looks like it has the potential to make a strong move here. It has a very similar look to SPARKS:AERO before it went up ~7x.
While I don't think it'll be as strong of a move, I do think there's good potential for upside.
Let's see what happens. Price needs to confirm resistance as support before it has the chance to move.
I've entered from $2.27.
STARKNET TO THE MOOON📊Analysis by AhmadArz:
🔍Entry: 2.14 to 1.50
🛑Stop Loss: 5% or 10% from capital
🎯Take Profit: 2.676 - 3.21 - 3.73 >Mooon
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
STRKUSDT: Bullish Divergence at Support within a Bullish DragonSTRKUSDT has formed Bullish Divergence at the Support/Resistance level of the range it's been trading in. This may result in STRK breaking to the upside, in which case that would put it in a Harmonic position to at least make a 0.786 upside retrace.
It also broke out and tested the down-sloping trend line which could be a sign that we have confirmed a Bullish Dragon which has a minimum target of a 0.618.