$STXUSDT - Triangle on the watchHello everyone!
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.
STX
Blockstack stucks in a wide range #Blockstack - Pullback in play. $STX is heading to the bottom of the wide range - a reversal around $ 1.50 is crucial for new #bullish impulses. The uptrend is still valid and could even continue to new targets @ $4.13. Watch out for RSI we need a defense of 48.5 #STX
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STXBTC - Long-Term Wedge Squeezing - Looking to Break Out Soon!Not advice - I'm a noob practicing TA.
Here we can see a long-term wedge starting to squeeze looking at the weekly chart.
Zooming in on the Daily - we can see the recent price action is trading in a nice channel - looks like this project will break-out to the upside.
SEC approved ICO for this project bodes well for the future - considering there may be stricter regulations coming in.
Testing the 200 MA and the down-trend line again - its only a matter of time before it breaks through. Could break to the downside - but everything looks bullish right now.
Targets:
Short-term - look at previous support/resistances for sell levels
Long term - look at fib levels for high-upside price targets.
STXBTC forming Shark | Up to 59% profit expected aheadHi, friends hope you are well and welcome to the new update on Blockstack (STX) coin.
On the daily chart, the price action of the STX coin has completed a Gartley then a Shark and again it is completing the last leg of another bullish Shark pattern and soon it will be entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts from 0.886 to 1.13 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 59%, and the loss possibility is 13.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Blockstack (STX) Now Above MA200, Impulse Possible!Now that STXBTC (Blockstack) is trading above MA200, the black line on the chart, the doors are open for fast/strong growth.
This is a very important level and we have little resistance after this one.
Notice that also EMA300 (grey) and EMA200 (brown) has also been left behind.
The RSI is at 63 which is really strong and the MACD curving up and ready to blow.
We looking at a higher high since we already got a higher low... Additional details on the chart.
Namaste.
STX Insider Selling of $86 Million Coupled with Potential H&S Insider selling of $86 Million final three days of December.
I anticipate an attempt at regaining $63 on Monday by this one and this is where I plan to initiate a short position by using February or March Puts.
Disclaimer: Not trading advice.
STX