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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STRUSDC
4 Bullish Reasons For Stellar (XLM/BTC)I'll cut to the chase and say that I am bullish for Stellar in the short term.
Reason #1: It is my belief that Stellar found it's bottom and the recent bullish move that followed Bitcoin has only strengthened my opinion on this matter-
Reason #2: Looking at the charts we can see that this is a classic falling wedge formation. d.stockcharts.com
After a big move up not long ago we have stayed in this wedge formation and a move above the upper trend line would be very bullish.
Reason #3: Volume has increased in recent weeks and the volume is also showing a possibiliy of buying increasing in anticipation of a further leg up.
Reason #4: Bullish Divergence. On the MACD we can see that despite being in a falling trend we are showing bullish/positive divergence which is a key element to look out for when spotting a falling wedge formation.
Keep an eye on the top of that trend line, a break above could be very good for Stellar.
Happy Trading!
Potential H&S forming on XLM/BTC. Watch these key areas.Potential H&S forming on XLM/BTC.
The next day should tell us what we need to know and whether a reversal of the bearish trend will happen.
With BTC gaining a lot in the last few days it has made trading tough and a lot will depend on BTC performance but if we can break through that neckline and climb to 1500 sats then we may see a quick climb.
Keep your eyes on the charts as falling through the 1375 area would negate this trade and the H&S formation. As it is we are very close to the tip of the second shoulder if one is to form.
Good luck out there