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STXUSDT

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
by PolarHusk
2
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)
Long
by moon333