Blockstack (STX) Rebound After Higher Low!STXBTC (Blockstack) is looking good with a strong rebound taking place after a higher low.
The RSI is above 50 which is really good with this current chart.
All that is needed is for the price to either continue growing and close today above the EMA50 line.
This would confirm this bounce as "real" and signal that additional growth is soon to follow.
Remember that you need a plan before you decide to trade.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
STX
STX could see tremendous gains in near future!Blockstack (STX) is starting to look hella bullish for the first time in it's history !
We can see that its price is always rejected in the 30/33cents area.
Right now it's consolidating near this HUGE resistance with low volatility printing smaller and smaller handles.
If the resistance is broken STX could be set for BIG gains in the near future!
Ideally we will like to see a continuation of low volatility for a couple of days and a clear breakout with STRONG volume !
Trade the breakout on the upside and trade safe !
STXUSDT completing Cypher | 29.9% expectedOn small time period one hour chart, the price action of Blockstack (STX) is completing the final leg of Cypher pattern , and soon it will be entered in potential reversal zone. There is also 200 simple moving average support in PRZ level.
Buying And Sell Targets:
The buying and sell targets according to BAT pattern should be:
Potential reversal or buying zone: $0.2704 to $0.2501
Fibonacci projection or sell zone: $0.2863 to $0.3249
Stop Loss:
The potential reversal zone area that is up to $0.2501 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 29.90% and as per the above-mentioned stop loss, the loss possibility is 8%.
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.
STXUSDT LONG TRADESTXUSDT LONG TRADE
Signal: Blue -> Green
Context: Light Green
Trade close manually when: the above ribbons turns Yellow or better Red.
I appreciate your like or comment. Welcome to share your idea here.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Blockstack Breaking Above EMA50 (111% Mapped)STXBTC (Blockstack) moved up recently and challenged MA200, the black line on the chart.
A rejection happened at this level which ended in a higher low... We are now seeing its price recover, there can be additional growth.
STXBTC Chart Signals
Here we have prices moving above EMA10, EMA21, and EMA50.
The RSI is strong at 52.
The MACD is above zero (bullish).
The chart looks pretty healthy...
There can be additional growth.
Additional information, including targets and support levels, can be found on the chart.
Thanks a lot for reading.
Namaste.
Blockstack (STX) Bullish Momentum Increases (4H + D TF)We are looking at Blockstack (STXBTC) and things are starting to heat up... Let's start with the 4H chart.
In this timeframe, we have prices now trading above EMA300 and MA200, as well as strong bullish indicators.
The volume is going fully towards the bulls.
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Now, looking at the daily chart, which is the main chart above, we can see prices challenging/moving above EMA200/EMA300 and MA200, all three very strong levels.
We can also see really strong volume.
Closing above this level would basically guarantee a very strong jump, based on TA.
Here we also have very strong indicators with RSI above 63 and the MACD entering the bullish zone.
The next target is marked on the chart with a dashed magenta line.
Namaste.
Blockstack (STX) Trade Signal (183%)Here are the numbers for Blockstack (STXBTC).
Use them to your advantage.
I am wishing you an amazing November and beyond.
Let's get started!
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STXBTC
BUY: 0.00001000 - 0.00001250
TARGET:
1) 0.00001640
2) 0.00002000
3) 0.00002300
4) 0.00002700
5) 0.00003100
6) 0.00003400
STOP: Close weekly below 0.00000900.
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Basic Tips
- Always take your time before trading.
- Diversify (exchanges, coins, sources of income, everything).
- When it doubt, don't trade!
- Make a habit of securing profits by selling on target and also withdrawing a portion of your earnings.
- Give it time (Patience is absolutely key).
Namaste.
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All the information shared here is for learning and/or entertainment purposes only.
This is not financial advice.
STX/BTC (Bearish Flag Confirmed)💎Technical Analysis Summary💎
BINANCE: STXBTC
-STX confirms the bear flag a few days ago
-The rising channel broke to the downside
-If the bears can control this downward pressure
-The potential target is somewhere 1000s sat level
-That is strong support where we saw bullish price reaction
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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Through Leaving A Thumbs Up, Comment & Follow 💬
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Blockstack Signal [STXBTC](267%)STXBTC
BUY: 0.00001200 - 0.00001550
TARGET:
1) 0.00001640
2) 0.00002000
3) 0.00002300
4) 0.00002700
5) 0.00003100
6) 0.00003400
7) 0.00003800
8) 0.00004900
9) 0.00005500
POTENTIAL PROFITS: 267%
STOP: Close weekly below 0.00001100.
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This is not financial advice.
Make sure to do your own research before trading.
Namaste.
STXBTC formed bullish reversal moves on supportMainnet launch:
The Blockstack has a significant event of mainnet launch expected on 30 Sep or earlier. This event is also mentioned on STX coin’s roadmap.
The Channel:
The priceline of STX was moving in a parallel channel and finally broke out the resistance of the channel. Now the previous resistance is working as support and the priceline is re-testing this support again. It can be a double bottom formation above this support.
Continuously harmonic moves:
While the price action of Blockstack is at the resistance of channel that is working as support it has also formed continuously second harmonic bullish BAT pattern and entered in potential reversal zone.
Strong resistance and SMA supports:
The priceline has found very strong resistance at 0.00002519 btc that is not broken out since Nov 2019. After being rejected by this resistance level the priceline is at 100 and 200 SMA supports.
Conclusion:
The price action of Blockstack has several support levels like: the previous resistance of channel, 100 and 200 SMAs and the potential reversal zone of BAT pattern. Therefore there are strong chances that the priceline may start another rally to the upside from here. How ever we should use the maximum extent of PRZ of BAT pattern as stop loss.
STXUSDT AnalysisPeople who bought STX from the BULL signal in July, enjoy your 68.22% PROFIT that you made less than 2 months!
There's also green cloud present as a buy signal.
if you are holding STX, do not hurry to sell since there are no sell signals present. If you want, you can take profit at the resistance level (0.37) or wait for EngineeringRobo's sell signals to sell.
Also, if you haven't bought STX, since there are 2 buy signals present & the risk-reward ratio is higher than 1, you can buy right now. If you buy, please watch out for EngineeringRobo's sell signals.
Blockstack Will Be Coin Of Sep 2020 | STX broke out the channelHey, friends hope you are well and welcome to the new update on Blockstack coin. In my previous article we have discussed that the STX coin was moving in a parallel channel and we also had received different bullish signals giving clear indications that the price action may breakout the resistance of the channel very soon. The moon phases indicator was showing the full moon was appeared at high altitude and the directional movement indicator also gave bullish signals as +DI crossed up –DI and the volume profile indicator was showing very low interest of the traders at the support of this channel.
Comparison between the movement of Tfuel and STX:
In my previous article we have already seen that the Tfuel also gave similar bullish signals before making the big bullish move of more than 1200%. The priceline of Theta fuel was moving in an up channel and before making the big move the price action did not hit the support of the channel and the volume profile was also showing less interest of the traders at the support of the channel. Finally the priceline broke out the resistance with a powerful bullish divergence. Same as like above the price action of Bockstack also stopped hitting the support of the channel and finally broke out the resistance with a powerful bullish divergence.
Why the priceline did not retest the resistance of parallel channel? :
After breaking out the channel there was a strong possibility that the price action of STX will move down to re-test the resistance of the channel as support before the next rally. But if we watch on the chart then the price action retraced back but without retesting the resistance of the channel the price action moved up. But if we take more closer look at the chart. Then it can be clearly observed that after mid of May 2020 the price action of STX started its movement within an up channel. Therefore the price action re-tested the resistance of this recent up channel rather to re-test the resistance of parallel channel. In the meanwhile the price action has also broken out all the simple moving averages with the time period of 25, 50, 100 and 200 and now having very strong support of all the moving averages.
The formation of new channel:
Now I would like to show you the new move of the priceline of STX coin. After breaking out from the parallel and up channels now the price action of Blockstack has formed and other up channel. If we have few more touches at the resistance and the support of this new channel then the price action will confirm its movement within this pattern on the long term. But if the price action will form higher lows then the pattern will be changed to rising wedge rather than up channel.
Conclusion:
After breaking out the resistance the price action is showing very positive gesture move up. But if the priceline of STX coin will confirm the rising wedge pattern then it can be little bit critical because this pattern is considered as a bearish reversal pattern among the traders community. Therefore keeping eye on the further move of the price action is very important.
STX/BTC UpTrend Channel For Next TargetAfter Bitcoin Gonna Consolidate, We Will See the Price Continue channel to achieve Higher Targets, All Targets Are on Chart, Set Your Stop Loss Below The Trend Line.
Only Open Trade After Red Zone Breaks ...
Potential 10 % - 20 % Gain .
Always Do Your Analysis for Best Result.