STXUSDT: Flexible Trading PlanLet's consider an excellent situation on the STXUSDT.
Based on the current wave structure, I plan the opening of a long position or the opening of a short position.
On the one hand, the current corrective in wave 4 may end up forming a WXY pattern; on the other hand, the current corrective pattern in wave 4 may end up forming a triangle pattern.
It is advisable to open a long position at a breakdown of the top of the presumed wave 1 in wave C of wave Y (after the completion of wave 1 and the formation of a local correction in wave 2).
Opening a short position is relevant in case of a breakdown of the low of the triangle pattern - the minimum of wave D.
In both cases, with a moderately aggressive approach, it is possible to extract a good profit in a short period of time.
STXUSDT trade ideas
STACKS WARNINGStacks is an open source blockchain network that provides decentralized applications (dApps) and smart contracts for Bitcoin
Think about it! Smart contracts for Bitcoin! This is a huge uncultivated field. No wonder they managed to scam crypto and financial sharks into their project
Their #STX coin is the first coin to have a token sale under the full control of the US Securities and Exchange Commission (SEC). They were able to fulfill all their requirements FIRST!
◻️People like Andreas Antonopoulos and Edward Snowden spoke at conferences dedicated to the project
◻️I will not torture myself and you with complex terms, since almost always the success of a project lies in the team and marketing. A good team doesn't take on a bad project.
◻️According to my information, in the FALL the project plans to attract the giants of the cryptocurrency market, which will give rise to an extensive marketing campaign, which, coupled with innovative developments, should attract the interest of a huge number of retail investors
◻️Especially noteworthy is the fact that #STX is traded on almost all popular cryptocurrency exchanges, and the technical picture for buying is now excellent:
◻️I took 10% of the portfolio without any hesitation. I will hold part of it until the end of the upcoming bullrun, I will leave part of it for a long time
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I found another coin for the long term, I think that due to the fall of bitcoin below $ 20,000, the price will test the $ 0.269 zone, this can be called a zone of interest for buying in the long term.
The asset is moving in a downward wedge, I think that in a month or maybe less, the price will be able to break through the resistance level of the pattern and show us the profit movement)
STXUSDT | BREAKING OUTSTXUSDT has given a breakout from the falling resistance trendline. We are expecting a retest to the level again and more confirmed once the horizontal level is taken out.
One can build a position with mentioned stop loss level and ride the upcoming bullish trend.
Trade your levels accordingly.
Stacks has bottomed at the 0.618 Fibonacci retracementSTXUSDT has put down a textbook 0.618 Fibonacci retracement correction on the weekly chart.
In my Elliott Wave count, the last impulsive wave was a truncated fifth. In a new wave count, the retracement to the 0.618 Fibonacci is a corrective wave 2. Such a correction is not unusual for a corrective Wave 2.
The Tom Demark (TD) Sequential Indicator indicates a 9-candle count. This usually means that a bottom has been reached and a trend reversal will occur. It indicates a set-up to take a position in the market.
I have additionally used the Chris Moody Indicator "RSI Strategy Lower". This indicates by means of the RSI that a bottom has been reached. This can also be seen by the formed horizontal green line; this is now starting to move upwards.
If STXUSDT is preparing for an impulsive wave 3, interesting times are coming...
Long STX\USDTlooking at a longer period …
Stacks is a layer-1 blockchain solution that is designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful — including its security and stability.
STX/USDT Technical analysis CRYPTOCurrent technical analysis for STX/USDT if you have any questions or criticism towards my analysis feel free to leave them in the comments!
FORECAST FOR ONLY IF PRICE REACHES THE TARGETS IF IT DOES NOT THEN THIS GRAPH DOES NOT IMPLY TOWARDS ANY OTHER PRICE TARGET!!!
Red line = current support
Orange line = current resistance
Yellow line = future resistance
Green line = future resistance
White arrows = what i think will happen
Yellow line = can happen but less likely
FORECAST ONLY FOR WHETHER THE PRICE WILL REACH THE BOTTOM OF THE DIAGONAL SUPPORT IF IT DOES NOT IT MAY BREAK THROUGH AND ENTER MUDDY GROUNDS!!!
🆓Stacks (STX) Mar-17 #STX $STX
After being rejected at 1.8$, STX fell sharply to 1.2$ to retest this zone. The selling has decreased a lot when approaching this $1.2 zone so in the next few days we could see a rally at least to the $1.4 and $ 1.6 zones. STX can also increase sharply to retest the 1.8$ zone but to overcome this zone will be very difficult with the current trend.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1.2$ zone
🔴Buy : 1.2
🔴Sell : 1.4 - 1.6 - 1.8
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1.2$ zone
🔵Sell : 1.2
🔵Buy : 1.05 - 0.9
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
💡Don't miss the great buy opportunity in STXUSD @StacksTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.295).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. STXUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 1.595
TP2= @ 1.769
TP3= @ 1.988
TP4= @ 2.195
TP5= @ 2.465
SL= Break below S2
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💡Don't miss the great buy opportunity in STXUSD @StacksTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.295).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. STXUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 1.595
TP2= @ 1.769
TP3= @ 1.988
TP4= @ 2.195
TP5= @ 2.465
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
STX BOUNCE OR MORE CORRECTION?STX is a good project. You can earn BTC by staking your STX coins.
STX is standing on the red trendline. If this trendline going to be broken, I guess it can fall back to 0.5$. In my opinion, this area is a strong buy area.
In case of bounce, if it can menage to go above 2.8$ next target will be the upper trendline.
This is my trial. Not a financial advice.
Bag🎒 your STACKS once again! Stacks broke up this triangle 📐 and I think there is chance for run to 3.55 and even higher. Setting BUY LIMIT order to catch the pullback. STX just pamp eet! ⛽
ENTRY : local high @ 2.19
STOPLOSS (SL) : local low @ 1.94
TARGETS (TP) : TP1 - resistance @ 2.70 | TP2 - resistance @ 3.09 | TP3 - height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 3.55
REWARD RISK RATIO (RRR) : TARGET1 - 2.0 | TARGET2 - 3.6 | TARGET3 - 5.5
INVALIDATION : when SL level hit
My previous STX ideas 👇
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.