STXBTC formed a bullflag on the daily and it has been confirmed in my opinion with yesterday's brakeout. It also closed above an important resistance yesterday.
Volume also looks good. So in my opinion we will probably see a rise to 4483 satoshi.
Taking the weekly chart of STXBTC into account, it looks pretty good in my opinion: With last week's candle an important resistance has been broken and the retracement has been completed pretty nicely this week! With this in mind, I also see a rise possibly up to 4994 satoshi.
TP1: 2735 (has already been broken today)
TP2: 3210
TP3: 4037
TP4: 4483
TP5: 4994 (if this is broken with respective volume, a lot of upward movement can occur in my opinion)
I think we will end somewhere between 4483 and 4994 in the short- to mid-term due to the patterns (bull flag on the daily and wallind wedge on weekly).
Afterwards, I think there will be some retracement, but I think we may stay above 4000 satoshi and continue with a further upward movement.
Of course, an important factor is always bitcoin and its dominance. However, there are some fundamentals to STXBTC that should be named:
* The mainnet has been released and it allows you to earn BTC (!)
* It has a partnership with ANKR
* It is also available through Coinbase Custody
* It is in the list of coins to be observed by Coinbase for a possible listing (as well as ANKR)
Finally, this is just my opinion and I am learning. So I am grateful for any comment.
Volume also looks good. So in my opinion we will probably see a rise to 4483 satoshi.
Taking the weekly chart of STXBTC into account, it looks pretty good in my opinion: With last week's candle an important resistance has been broken and the retracement has been completed pretty nicely this week! With this in mind, I also see a rise possibly up to 4994 satoshi.
TP1: 2735 (has already been broken today)
TP2: 3210
TP3: 4037
TP4: 4483
TP5: 4994 (if this is broken with respective volume, a lot of upward movement can occur in my opinion)
I think we will end somewhere between 4483 and 4994 in the short- to mid-term due to the patterns (bull flag on the daily and wallind wedge on weekly).
Afterwards, I think there will be some retracement, but I think we may stay above 4000 satoshi and continue with a further upward movement.
Of course, an important factor is always bitcoin and its dominance. However, there are some fundamentals to STXBTC that should be named:
* The mainnet has been released and it allows you to earn BTC (!)
* It has a partnership with ANKR
* It is also available through Coinbase Custody
* It is in the list of coins to be observed by Coinbase for a possible listing (as well as ANKR)
Finally, this is just my opinion and I am learning. So I am grateful for any comment.
Trade closed: target reached:
Target reached, it took some time though, but patience is always key!
I will keep a closer look on STX. I think it has some more potential.
I will keep a closer look on STX. I think it has some more potential.