STXUSDT trade ideas
STX: Falling Wedge BreakoutTrade setup : Price reached $1.30 where price got rejected and pulled back. It was consolidating in a Falling Wedge pattern and had a bullish breakout, which could indicate a potential trend reversal to Uptrend with upside to $1.05 or even $1.30. Next Fibonacci retracement support level is $0.70 (78.6%) and the next horizontal support level is $0.60.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.55. The nearest Resistance Zone is $1.05, then $1.30.
#Shorting #STX #ScalpEntriesHi Padawans,
Planning to get some short scalps around marked orange lines.
Manage your risk!
May the force be with you.
Cheers
Stacks longStacks broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.98 is expected to happen.
STX/USDT Potential Explode LONG SetupSTX Break the resistance of downtrend channel. Waiting for retest and potential continue upward movement
STX/USDT (LONG)
Leverage : CROSS 10-20x
Entry : 0.766 - 0.735
Target : 0.7969 - 0.8246 - 0.8478 - 0.8795 - 0.9115
Stop : 0.7239
Stx Breaking Falling Wedge Stxusdt
Based on my analysis of the Stx chart in the 4-hour timeframe, I have identified a bullish chart pattern known as a "Falling Wedge". This pattern is characterized by a series of lower highs and lower lows that converge into a point, forming a wedge-like shape that slopes downwards. The pattern is usually followed by a breakout to the upside, which could potentially lead to a significant price move.
Currently, Stx is trading within the Falling Wedge pattern, and it appears to be approaching a key resistance level that could trigger a bullish breakout. If the price manages to break above this resistance level and close above it, it would be a strong indication that the bulls have taken control of the market.
Assuming that the breakout is successful, I would expect the price of Stx to move towards the HKEX:1 level, which is a significant psychological resistance level. This level has not been tested since 2018, and if the price manages to break above it, it could trigger a new wave of buying that could potentially push the price even higher.
However, it's important to note that trading is always subject to market volatility and unexpected price movements, so there is always a risk involved in any trade. Therefore, it's crucial to set stop-loss orders to minimize potential losses and to have a solid risk management strategy in place. Additionally, it's essential to keep an eye on any news or events that could affect the price of Stx, such as new partnerships or regulatory changes.
STX 4H BUYSTX 4H support is now at $0.72
Enter 50% at the current price
and try to set some BUY orders near the support zone
If STX stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
#STXUSDT | Long | Trade Set-Up#STXUSDT | Long | Trade Set-Up
Entry Conditions
| 20 DEMA Breakout
| Long term Trendline Breakout
| Flipped Weekly Pivot
| Bullish Signal
| CVD Trendline & Resistance Breakout
STX Long & Short Ideaeverything is explained on the chart, comment if you doubt anything.
STX will fly once it breaks out the trendline. however, be aware of losing the ascending bottoms..
you can flip short as we are heading to the week if ONLY it breaks down the SL mentioned on the chart.
feel free to share your thoughts!
GL ALL.
STX/USDT end of retracementTime to get back into STX. The very clear double bottom serves as confirmation of the trend reversal.
I'd expect it to move up rapidly from here, so unless and until there's any suggestion otherwise, knock yourself out.
STXUSDT Falling WedgeSTXUSDT is trying to breakout bullish from the falling wedge pattern and on break of Neckline will reverse the current bearish trend.
STX : INCREASE VIEWSTX is in an uptrend at this moment on the last volume counting range.
We will follow STX coming time to see if it's able to gain
Falling wedge Price making a falling wedge and breaking out of the trendline before the fed decision on Wednesday.... if it's positive for BTC the it's positive for STACK, the buy will continue. But we will have to wait for a retest to go long for some of us who are late.
Stx Breaking Falling Wedge Seems like Ready another Bullish Move Breaking Falling wedge In H8 timeframe incase OF successful breakout expecting Move Towards 1.30$
Long STX Decending wedge formed, with double bottom in place. Good point for entry, wait for break of triangle with volume before entry
STXUSDT Long 0.7363Long idea based on chart pattern. Stop Loss and Target are based on support/resistance.
STX Scalping Trade Stx bounces form the bottom of the Downward Channel and We Have a Good Chance for long from here
STXUSDT HIT HIS FIRST TAKE PROFIT "Based on my analysis, I believe STAX (STX) has strong potential for SHORT term growth. I recommend considering SHORT position with a buy entry point at . My target for taking profits is at . Please note that investing in cryptocurrency involves risks and it's important to do your own research and make informed decisions. #Ethereum #Crypto #Investment"
Remember to always provide a disclaimer that investing in cryptocurrency carries risks, and it's crucial for individuals to conduct their own research and make informed decisions based on their own risk tolerance and financial situation. Additionally, please make sure to comply with any applicable laws and regulations related to financial advice or investment recommendations in your region.
$STX: Anticipated Breakout; Divergence Signals, and Fib zones
On the daily, the RSI is within a symmetrical triangle, indicating an anticipated breakout by May 11.
It would be ideal if STX closes the daily candle above $0.82 today, as it aligns with my previous Fibonacci expectations, as indicated on my TradingView chart (link: ).
My divergence indicator shows a divergence based on the commodity channel index and identified support zones.
Being transparent, I cannot provide a clear guideline at the moment. While I lean towards quick upward price movement, there are multiple factors at play, and a broader perspective is needed. It all depends on the king (referring to Bitcoin), which is currently experiencing resistance at 30.4k and has corrected to the baseline of the Bollinger Bands. If it can establish a baseline there and continue its upward momentum to FWB:36K , we might see a bottom forming soon and some quick price developments.
STX- Stacks Possible position trade Good day, fellow traders
As you can see STX is in a nice position for a possible reversal and further upward movement. The position is favorable, with better management of risk reward.
A wave 5 is surely on the cards.
As always trade safe and nobody can see the order book.
P.S BTC movement will help or stall
Good luck and have Fun
stxusdtFor spot buying in two areas, with the specified loss limit. If you made the purchase in the first area, and you wanted to average, the second area and the second loss limit will be activated.
STXUSDT Mid-Term Short PlanOKX:STXUSDT
Today, CPI data will be released.
It is very important for all markets as well in Crypto.
After CPI data, I believe that it will start a sell pressure in all markets and If we support this idea with technical analysis we can do something like in the chart.
STX is on a good level with supported technical setups like Libra + Cypher + Elliot.
The main target is far away but it is not impossible because when you look the chart zoom out you will see that STX had a solid rally in near future and needs correction...
Therefore, the main target will be the bigger harmonic pattern D point as pointed on the chart.
May the force be with you.
Good Luck!
