STXUSDT AnalysisPeople who bought STX from the BULL signal in July, enjoy your 68.22% PROFIT that you made less than 2 months!
There's also green cloud present as a buy signal.
if you are holding STX, do not hurry to sell since there are no sell signals present. If you want, you can take profit at the resistance level (0.37) or wait for EngineeringRobo's sell signals to sell.
Also, if you haven't bought STX, since there are 2 buy signals present & the risk-reward ratio is higher than 1, you can buy right now. If you buy, please watch out for EngineeringRobo's sell signals.
STXUSDT
STX/BTC (Pullback to Retest Previous Resistance?)STX/BTC
-Blockstack just broke the key resistance last August 10
-The price peak at 2734 sat and currently pulling back
-Looking at the structure, STX has been trading up since July 27
-From 1246 sat and had not to retest any key areas
-If this the potential temporary daily top
-STX will likely retest the previous resistance around 2000 sat
-That is a good area for potential bounce play or upside continuation
-If we can any Bullish sign once the key area is hit
-Opening Buy position is ideal and may target the recent top
STX/USDT | Key Level | Support Cluster | Trade Setup Todays Analysis – STX/USDT – Retracing to establish an S/R flip re-test of daily support.
Points to consider:
- Healthy Up-trend
- Support Confluence (key level)
- Declining Volume
- Oscillators Below 50
STXUSDT needs to hold the re-test of the daily support zone to form a higher low on the chart and continue its bullish uptrend.
The Support cluster also coincides with the 200 EMA and .618 Fibonacci retracement, putting emphasis on the key level.
Volume is declining and below average, usually an indication of an influx being imminent; likely to coincide with the retest of support.
Both the RSI and stochastics are testing the 50 level, further price development will determine a directional bias. Oscillators need to range above 50 to maintain strength and momentum in the market.
Overall, in my opinion, a successful re-test of support validates a long trade to technical targets above with risk defined below local swing low.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
STX/BTC (Must Hold Trendline Support)STX/BTC
-there is a clear flat area of resistance at 1700 range
-the bullish side though, is the price is holding above 200D MA
-a series of higher lows is a good sign of strength
-the safest way to approach this market is to confirm the break
-once the resistance is cleared, that is your buy signal
-please also check for the volume because this will add extra confirmation
-stoploss level if the ascending trendline is broken with a bearish engulfing
-upside target is up to 2500 sat
STXUSDT formed bullish cypherBlockstack (STX) has completed the bullish Cypher pattern by its volatility.
The initial leg was started from Dec 2018 then A to B leg retraced between 0.382 to 0.618 Fibonacci and B to C leg projected between 1.272 to 1.414 of A to B leg's Fibonacci projection.
Now the C to D leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for bullish Cypher pattern.
Now the price action has entered in potential reversal zone to take the bullish divergence.
This potential reversal can be used as stop loss in case a complete candle stick closes below this level.
As per Fibonacci sequence the buying and sell ranges are as below:
Buy between: $0.1902 to $0.1708
Sell between: $0.2055 to $0.2055
This very short term 2 hour based charts has capacity to produce upto 20% profit.
Regards,
Atif Akbar (moon333)
STXUSDT foring bullish Cypher | Upto 39% bullish move expectedPrice action of Blockstack (STX) / Bitcoin is forming bullish Cypher pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closed below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.1030 to 0.0930
Sell between: 0.1108 to 0.1297
Regards,
Atif Akbar (moon333)
STX/BTC TA Update (Broke Bullish)STX/BTC
STX broke bullish of this falling wedge pattern with the RSI is bullish on divergence to the upside. To continue its uptrend,
the price needs to hold above the 50 MA (4hr TF) or the immediate support area 1270 - 1200 sats and break another Higher High.
We can see a spike in volume during this break-out which adds more bulls momentum. Expect more upside action if everything works well.
STXUSDT forming bullish Cypher | A buying opportunity aheadPriceline of Blockstack / US Dollar is forming a bullish Cypher pattern and soon it will be entered in potential reversal zone.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.1794 to 0.1766
Sell between: 0.1815 to 0.1866
Regards,
Atif Akbar (moon333)
STX/BTCA great increase in volume upon breaking resistance at 2150 satoshis, creating a bullish pivot; 2150 sats level should now act as short term support. We can expect further upside in the short/mid term as multiple time frames are quite bullish. As shown in the chart, short term resistance is at 2400 sats while mid-term resistance is at 3000 sats.