Has #Starknet started an uptrend?IDX:STRK 1D chart;
#Starknet, which started a downtrend with the level it lost on April 12, will give the second major signal for an uptrend if it can close today above the $0.43 level.
It gave its first signal with the positive mismatch it showed on the RSI side in the past days.
Although the price continues its horizontal progress, the rise in the RSI side stands out.
In the short term, $1.4 can be considered as the target zone. Because it will make a move to clear the liquidity at this level at the first opportunity.
The big green candle on the side shows its weekly performance.
If it closes below the +OB level of $0.337, we will talk about new levels.
STRKUSDT.3L trade ideas
STRK potential for a +500% gain💎 STRK has dropped by 90% — entry opportunity? 💎
🚨 STRK has experienced a significant drop, losing 90% of its value! This creates an opportunity for those looking for a good entry point.
📉 I plan to enter STRK at $0.2. If everything goes as planned, I see potential for a +500% gain!
STRK longTo restore your values, you need to grow by 500%. The market has gone down a lot and most likely it is not the end yet. I suggest to gradually collect this asset as an investment with goals of 100-200%. All those who traded this coin on futures have been liquidated, and we can say that the market is completely ready for a reversal
STARKNET hasn’t BOTTOM YET?Based on the current market of layer 2.
AMEX:ARB is about $7.88 Billion in FDV, high TVL
NASDAQ:OP = $7.66 Billion in FDV, high TVL
NYSE:ZK = $3.89 Billion in FDV, low TVL
$Blast = $2.15 Billion in FAV, low TVL
We can see that Starknet ( IDX:STRK ) has lack of community, but has $6.66 Billion in FDV is to high for a new project. It also has a bad tokenomics when the team unlocks a big amount of tokens every month. This is an overpriced product with high selling pressure due to their vesting schedule.
Think about that! It is possible that the team may dump their token to at least in haft of FDV (about $0.3) to attract more investors.
In a long run, the price maybe recovering, but that we will waste much time. #DYOR
All above are not financial advices.
STRK/USDT: Bullish Momentum Builds as Technical Indicators SignAnalyzing the recent performance of STRK/USDT, several technical indicators suggest that the cryptocurrency might be poised for an upward trend from its current price of $0.489.
Firstly, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, with the MACD line crossing above the signal line. This is typically a strong indicator that upward momentum is building and could lead to price appreciation.
Additionally, the Relative Strength Index (RSI) is currently at 60, which is above the neutral 50 level but still below the overbought threshold of 70. This positioning suggests that there is room for further growth before the currency enters overbought territory, making it an attractive option for traders looking for upward potential.
The 50-day moving average is approaching a crossover with the 200-day moving average, signaling a potential "golden cross." This is a bullish indicator often seen as a sign of a long-term upward trend in the making.
Moreover, trading volume has shown a significant uptick, indicating increased market interest and participation. This rise in volume is often correlated with sustained price movements, suggesting that the current upward trend may continue.
The Bollinger Bands are also starting to widen, reflecting increasing volatility with an upward bias. The price has consistently closed near the upper band, which is another indication of bullish sentiment in the market.
Overall market sentiment around cryptocurrencies, particularly altcoins like STRK, has been improving, driven by positive developments and increasing adoption. These factors combined with the technical indicators point towards a potential continued rise in STRK/USDT from its current price level of $0.489.
Starknet STRK price tamping the bottom "3"Most #STRK holders would probably like to see the blue scenario play out💙.
Because the pattern for an upward breakout in the price of OKX:STRKUSDT is quite good
and we would give this scenario a 60% probability of development.
And 40% for the red one ❤️. Because if the OKX:BTCUSDT price breaks below 65K towards to $61k, then the price of the #Starknet token will drop to $0.47, at best.
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#STRKUSDT LONG I'm expecting an impulse breakdown1h TF. The coin has formed a clear local resistance level with several confirming touches, behind which the stops of the participants' shorts have accumulated. There is also a trend in the form of a triangle, pushing the price to the level with the help of limit buyers with a local increase in volumes.
I will wait for consolidation along the level and, with increased activity in the glass, an impulse breakdown.
Will StarkNet STRK revive from the dead zone? Hello, Skyrexians!
Today we have another one "perspective" crypto to overview. This is BINANCE:STRKUSDT token. Since Binance listing price dropped significantly and continue dropping now. Entire crypto market dump boosted the STRK sell-off. Today we will analyze in details this asset and try to understand will this coin pump or die. It's vital for successful cryptocurrency trading to consider all possible scenarios.
Looking at the most of ideas on this asset we can conclude that most of the crypto trading strategies gave the advice to buy this coin when price was above $1.5. Obviously, it's not profitable crypto trading strategies. Even automate crypto trading of most cryptocurrency trading platforms fails to predict the price of this asset because after dumping at 50% it continues dumping, which is not likely according to the most crypto trading algorithm. That's why most of automated trading bots and grid bot faced with losses for this asset.
The exception is the ai crypto trading bot which takes into account the Elliott wave, the key feature of successful crypto trading. Today we consider STRK price action using advanced technique. Let's go!
STRK dump structure
Let's use the 1D time frame to analyze this downtrend. Fortunately, it has the clear Elliott waves structure. Awesome oscillator helps us to find the most impulsive wave 3, this is the min value. After this the price formed the flat or triangle wave 4. If crypto has already significantly drop it tends to form the flat corrections without big retracement to the upside. This is because most of early bulls have been locked in their position and they shall be disappointed before reversal.
Now we can see three strong signs of trend reversal. Awesome oscillator crossed zero line after wave 3 bottom reaching, it has printed bullish divergence and the momentum now is upward. In most of cases these are enough to make a decision about the entering trade, but we will make the deep dive further in different indicators.
Alikze »» STRK | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a downward channel in the daily and 12H time frames.
- Currently, there is a demand in the green box and the bottom of the descending channel.
- After the demand in the green box area, it has re-entered the descending channel.
- According to the current structure, it can grow up to the middle of the channel and the range of 0.78 after the pullback.
- If it can stabilize above the 0.78 area, it can continue its growth until the neck line area and the supply area.
💎 In addition, if the green box is broken, the downward trend can continue up to the 0.39 area.
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BINANCE:STRKUSDT
StrkDiscounts in the market give the best price, the fall after MTgox provoked panic in the market, I also adhere to the plan that on the 15th will accept #ETF #ETH and this is all against the background of the removal of relail traders from the market, it's time to turn the rate up as many have already capitulated and liquidated!
STRKUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity.
Everything on the chart.
Entry: market and lower
Targets: 1.4 - 1.8 - 2.1 - 2.7
after first target reached move ur stop to breakeven
Stop: (depending of ur risk).
ALWAYS follow ur RM
risk is justified
It's not financial advice.
DYOR!
Starknet will rise again? My guess is “YES” Long Term Pros: Starknet is good techs, gaint backers, and it draws incredible goals :)
Cons: F*k Devs, unfair airdrops, bad tokenomics… bla bla..
So, if we have bullrun ss, it will pump, yes
If we don’t have bullrun, 73% drop is fair entry, maybe quick pump 500% & slow dump like “Aptos” project.
If we don’t have bullrun, it will sink, maybe /2 /3 fu*k their team again.
I will bet, how about you?
This is not a financial advice, always do your own research!