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.P trade ideas
STX Last Targets Hit New Target MappedReally important to me Please support my work by like or leave a comment
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As you can see Last targets hit and now price
could breaks below angle, new higher high recorded
which means uptrend continue
potential target mapped
GOOD LUCK
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.
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Focus on you, and the money will too!
STXUSDTSTXUSDT, the trend has been slightly decreasing.
-If it goes down, you wait until the trend pulls the resistance back with an open-close candle then sell.
-If it goes up, you can buy some or more when it breaks the uptrend line above with an open-close candle.
-In this situation, if the trend is in (somewhere else) the triangle, I prefer to wait to make a decision instead of hurrying up.
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)