STXUSDT is at an important daily level. We can goo long or short, depending on the way the market will react on this structure level. In the near future we'll see $2.50 when we break this level to the upside. When she doesn't break the level we expect she'll be heading towards $1.50
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....
This is the first time I'm doing analysis on STX, hope it will work out.
It is also possible that STX will retrace a bit to test the lower edge of the triangle then resume upwards.
Nevertheless, I highly recommend to wait for a breakout and retest confirmation.
price bouncing from 4 hours Support multiple times. we will see a clear all-time high once the daily resistance is broken. The idea is only for educational purposes. please do your own reach before making any trade
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:
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.
This pair seems to be setting up a nice shorting opportunity. Let's wait and see if she moves in the right direction.
Keep in mind, this pair can continue up as well. So we do need to wait until she checks all the boxes of the strategy before taking the trade.
I'll let you guys know afterwards if the trade was taken or not.
STX Price traded at $2.52 with a gain of 22.54% in the last 24-hour and 18.60% down in the weekly time frame. Furthermore, STX bounced from the support of $1.80. In contrast, the market capitalization stands at $2.73 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope....