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)
STXUSDT
STX/BTC TA Update (Broke Bullish)STX/BTC
STX broke bullish of this falling wedge pattern with the RSI is bullish on divergence to the upside. To continue its uptrend,
the price needs to hold above the 50 MA (4hr TF) or the immediate support area 1270 - 1200 sats and break another Higher High.
We can see a spike in volume during this break-out which adds more bulls momentum. Expect more upside action if everything works well.
STXUSDT forming bullish Cypher | A buying opportunity aheadPriceline of Blockstack / US Dollar is forming a bullish Cypher pattern and soon it will be entered in potential reversal zone.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.1794 to 0.1766
Sell between: 0.1815 to 0.1866
Regards,
Atif Akbar (moon333)
STX/BTCA great increase in volume upon breaking resistance at 2150 satoshis, creating a bullish pivot; 2150 sats level should now act as short term support. We can expect further upside in the short/mid term as multiple time frames are quite bullish. As shown in the chart, short term resistance is at 2400 sats while mid-term resistance is at 3000 sats.