This could bounce off the 200 day MA and move higher or first move lower (.50 and .90 support) and continue forming what looks to be a bit of a wedge while the market corrects. If the latter occurs, a breakout would constitute a move above the purple line.
Can also see the MACD looks potentially calling for a move lower.
Paying attention to accumulation as...
STX/USDT 4h time frame have a PRZ Between 1.331 ~ 1.360
when the fifth wave is completed, price enters the PRZ area (1.331 ~ 1.360) and if the momentum indicators(RSI / DT / STOCHASTIC AND ...) Confirms it, we can expect the price go to down.
STXUSDT is testing 0.618 after an amazing Profit in our VIP GROUP. IF the price will have a breakout from daily resistance , According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
Hello to you all. Mars Signals team wishes you high profits at all times.
As you can see, the price is trapped in a triangle. If it comes out from the top, we have determined the resistances for you, and if it comes out from the bottom, we have determined the support for you.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
STX has been in this consolidating for a while and it's starting to approach that D1 trendline. Am still wait for the 4H timeframe to start showing bullish structure(higher highs) but I love how this chart is playing out.
Entry Point : Below 1.98
Stop Loss : 1.9163
Tp1 : 2.02
Tp2 : 2.08
Tp3 : 2.19
This is not a financial advise, Just a trading Idea.
Profit or Loss Belongs to the trader only!!
If you like my Ideas Support Me with USDT at my TRC20 address:
There is a wedge formation on STX/USDT on crypto pair.
There was a strong bullish sentiment.
After consolidation there was a bullish breakout.
Possible retest of the level is expected.
However price may increase without any retests.
So follow the chart and look for the best price to enter....
wait for the price to breakout of the symmetrical (descending) triangle and retest (conservative play). You can also take aggressive entry by breakout confirmation (4H candle has to close above the trend line) depending on your trading style. Good luck and happy trading!
Disclaimer: ofcourse not a financial advise DYOR.