STXUSDT Potentially BullishBINANCE:STXUSDT is beginning to take shape and is looking good to go long. Broken the consolidation phase and retested it. The bulls are setting in however, we just might see the market slow down around the 1.152 area which turns out slightly below the EMA 200 and also aligns with a resistance point on the weekly TF. On futures trade, I will target this area while i will lock down some profits on my spot trading at this point.
This is not a trade advice as such do your due diligence
Past results does not guarantee future results
Stxusdtperp
STXUSDT Potentially BullishWe saw BTCUSDT gain some momentum and this effect is being seen on many ALT coins. BINANCE:STXUSDT is no different!!! At the moment, STX is breaking out of a consolidation phase on the Daily TF. Will this breakout mean #STXUSDT is regaining its bullish momentum? That remains to be seen, However a close above the 0.78 will likely bring us into the bullish phase.
Until then, fingers crossed.
Do your analysis before taking any trade, results are not typical, past results does not guarantee future results
#STX/USDT#STX
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 0.600.
We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.670
First target: 0.691
Second target: 0.714
Third target: 0.739
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(STXUSDT.P chart)
(1D chart)
It has touched the 0.4704-0.4781 range and is rising, but it is currently judged to be in an awkward position to enter.
Accordingly, I think priority should be given to confirming support around the 0.4704-0.4781 range.
(1h chart)
It shows an upward trend, rising above the 0.4803-0.4923 range.
However, because a box section is formed in the 0.4985-0.5296 range, there is a possibility that the rise may be limited.
Accordingly, it is necessary to check which direction it deviates from the 0.4923-0.4985 range and check whether the movement continues.
However, since entering a SHORT position is considered more risky, I think it is better to wait and then enter a LONG position.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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