STPT/BTC (Bounce play: up to 46% profit)STPT/BTC
STPT is on a waterfall drop after topping out at 700 sats area.
The price is now trading at 249 sats and a potential bounce play is probable if STPT
will hit the key support at 200 sats area which also coincides with the 100D MA.
If the bounce play will work, the target is up to 300 sats area and stop-loss below is 100MA.
Stpt
Standard Tokenization Protocol 390%+ Long-term TargetsHere you have the long-term targets/projections for STPTBTC.
The prices are now moving above EMA100 (purple) which can lead to strong growth.
The RSI is looking really strong at 71.82.
This is a very strong bullish setup.
Additional details can be found on the chart.
Namaste.
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THIS IS NOT FINANCIAL ADVICE.
Standard Tokenization Protocol (STPT) Bullish Signals |555%+ ATHStandard Tokenization Protocol (STPT) Overview
Standard Tokenization Protocol is an open-source standard defining how tokenized assets are issued and transferred while complying with all necessary regulations. Tokens built on top of the STP-Standard will use the protocol’s on-chain Validator to verify compliance with any jurisdictional or issuer-specific requirements.
Standard Tokenization Protocol allows assets to be tokenized in a way that makes them fully compliant across jurisdictions and transferable across any blockchain platform.
Chart Analysis for STPTBTC
Here is another altcoin pair, low volume, that is looking really bullish and strong.
We can see a new all-time low hit on the 01-Oct.
We can now see volume growing in favor of the bulls after a break of EMA10.
The MACD and RSI both show bullish divergence.
The RSI is strong (bullish/above 50).
EMA10 was rested today with a long wick... This pair is ready to move... In case it goes wrong, remember to have a plan/use a stop-loss.
Any questions?
Feel free to use the comments section below.
This is not financial advice.
Namaste.
Standard Tokenization Protocol Price Analysis: Positive ChangesStandard Tokenization Protocol is starting to show positive technical signs on both the lower and higher time frames, with the cryptocurrency stabilizing above its key moving averages.
The STPT/USD pair has spent nearly two-weeks above its trend defining 200-day moving average and continues to create bullish higher highs and lower lows.
Technical analysis shows that the cryptocurrency could be on the verge of an upside breakout, as both the four-hour and daily time frames are now showing bullish reversal patterns.
The four-hour time frame shows that an inverted head and shoulders pattern is taking shape, with the overall size of the pattern suggesting that a rally towards the $0.017 level could occur.
The daily time frame is slightly more bullish and depicts a possible rally towards the $0.020 level over the medium-term, according to the size of the bullish double-bottom pattern.
Looking slightly more long-term, it is also possible a potential upside rally could move past the $0.020 level and target the upsloping trendline on the daily time frame, around the $0.030 level.
The Relative Strength Index on the daily time frame is bullish and holding well-above 50, while the MACD indicator is currently neutral.
STPT/USD Daily Chart by TradingView
Upside Potential
The four-hour time frame shows that key technical resistance is now located at the $0.012 and $0.013 levels.
Key technical resistance over the medium-term is located at the $0.017 and $0.020 levels.
Downside Potential
The four-hour time frame is showing that the STPT/USD pair has strong medium-term technical support around the $0.09 and $0.08 levels.
Critical long-term technical support for Standard Tokenization Protocol is located at the $0.06 support level.
Summary
STPT has solid short and medium-term upside potential if bulls can maintain the cryptocurrency above its 200-day moving average.
Both the four-hour and daily time frames are depicting bullish reversal pattern with strong double-digit upside potential.
