cryptodailyuk

STG / USDT right on the support!

KUCOIN:STGUSDT   Stargate Finance / Tether
Hello everyone, let's take a look at the 1D STG to USDT chart. As you can see, the price is moving below the downtrend line.

Let's start with the designation of the support line and as you can see the first support that the price is currently based on is $ 1.20, if the support breaks down, the next ones are $ 0.90 and $ 0.43.

Now let's move from the resistance line as you can see the first resistance is $ 1.94, if you can break it the next resistance will be $ 2.39 and $ 2.78.

Looking at the CHOP indicator, we can see that in the 1D interval most of the energy has been used, but it is worth paying attention to the MACD indicator which shows that we are on the green line, which indicates an upward trend.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.