STX has rallied significantly and may require a retracement for healthy growth. Therefore, I have taken a short position and will be taking partial profits along the way.
Hey traders hope you are enjoying our analysis. Now we are here again with a new trading opportunity. We will discuss today about STX
STX Moving As Expected & Running In +80% Profit So Far✍️
Expecting 500% bullish wave in coming days🚀
- Nakamoto upgrade coming next month
- showed incredible strength during the recent dips
- SEC aligned Bitcoin L2 which will give further upside as ETH might be fighting w/ the SEC over security law issues
Hi Traders,
We have hit our ATH and hence in price discovery.
We only have elliot wave and fibonacci as our toolset to forecast levels and targets.
Really depends on what BTC does for this to play out as well.
I explain the 2 scenarios that I have as a general approach.
Please give me a like and share,
Regards,
S.SAri
Hello Trader BINANCE:STXUSDT.P
too risky actually for this area because the resistance in the 4-hour area does not know whether it is valid bearish or there is noise for the resistance area.
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Disclamer: Not Financial Advice
STX Stacks step-by-step climbs into its mountain. The main question is what breakout we will see. Is it going to be to the downside or for more upside? Full send in any direction after a breakout.
NASDAQ:STX currently around the it's previous all time high of 2021
Current price: 2.7
Bearish Divergence on the daily time frame.
Retracement expected with Supports: 2.54, 2.36, 2.2
I expect this up channel to maintain with these similar peak patterns within the green lines preceding the bull move
The only real question is will there be another move down to the bottom of the channel for a retest again (as shown on this chart) or will it break out straight away.
Bullish.
The main structure and substructrue are bullish and we also have a liquidity pool above the chart which is expected to be swept soon.
By maintaining demand, we expect to move to TP.
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and...
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Long term analysis
STX has performed very well during the last bull run.
After a deep correction during the bear market, STX showed good signs of life (interest from market participants) from February 2023 with great price surge alongside increased volumes.
Every past golden crosses (MA crossing, see orange circles) developed into a significant upward movement...
STX/USDT DAILY CHART: Trend Continuation Long.
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