STXUSDT
STXUSDT: Flexible Trading PlanLet's consider an excellent situation on the STXUSDT.
Based on the current wave structure, I plan the opening of a long position or the opening of a short position.
On the one hand, the current corrective in wave 4 may end up forming a WXY pattern; on the other hand, the current corrective pattern in wave 4 may end up forming a triangle pattern.
It is advisable to open a long position at a breakdown of the top of the presumed wave 1 in wave C of wave Y (after the completion of wave 1 and the formation of a local correction in wave 2).
Opening a short position is relevant in case of a breakdown of the low of the triangle pattern - the minimum of wave D.
In both cases, with a moderately aggressive approach, it is possible to extract a good profit in a short period of time.
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I found another coin for the long term, I think that due to the fall of bitcoin below $ 20,000, the price will test the $ 0.269 zone, this can be called a zone of interest for buying in the long term.
The asset is moving in a downward wedge, I think that in a month or maybe less, the price will be able to break through the resistance level of the pattern and show us the profit movement)
STXUSDT | BREAKING OUTSTXUSDT has given a breakout from the falling resistance trendline. We are expecting a retest to the level again and more confirmed once the horizontal level is taken out.
One can build a position with mentioned stop loss level and ride the upcoming bullish trend.
Trade your levels accordingly.
Stacks has bottomed at the 0.618 Fibonacci retracementSTXUSDT has put down a textbook 0.618 Fibonacci retracement correction on the weekly chart.
In my Elliott Wave count, the last impulsive wave was a truncated fifth. In a new wave count, the retracement to the 0.618 Fibonacci is a corrective wave 2. Such a correction is not unusual for a corrective Wave 2.
The Tom Demark (TD) Sequential Indicator indicates a 9-candle count. This usually means that a bottom has been reached and a trend reversal will occur. It indicates a set-up to take a position in the market.
I have additionally used the Chris Moody Indicator "RSI Strategy Lower". This indicates by means of the RSI that a bottom has been reached. This can also be seen by the formed horizontal green line; this is now starting to move upwards.
If STXUSDT is preparing for an impulsive wave 3, interesting times are coming...
Long STX\USDTlooking at a longer period …
Stacks is a layer-1 blockchain solution that is designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful — including its security and stability.
STX/USDT Technical analysis CRYPTOCurrent technical analysis for STX/USDT if you have any questions or criticism towards my analysis feel free to leave them in the comments!
FORECAST FOR ONLY IF PRICE REACHES THE TARGETS IF IT DOES NOT THEN THIS GRAPH DOES NOT IMPLY TOWARDS ANY OTHER PRICE TARGET!!!
Red line = current support
Orange line = current resistance
Yellow line = future resistance
Green line = future resistance
White arrows = what i think will happen
Yellow line = can happen but less likely
FORECAST ONLY FOR WHETHER THE PRICE WILL REACH THE BOTTOM OF THE DIAGONAL SUPPORT IF IT DOES NOT IT MAY BREAK THROUGH AND ENTER MUDDY GROUNDS!!!
STX BOUNCE OR MORE CORRECTION?STX is a good project. You can earn BTC by staking your STX coins.
STX is standing on the red trendline. If this trendline going to be broken, I guess it can fall back to 0.5$. In my opinion, this area is a strong buy area.
In case of bounce, if it can menage to go above 2.8$ next target will be the upper trendline.
This is my trial. Not a financial advice.
Bag🎒 your STACKS once again! Stacks broke up this triangle 📐 and I think there is chance for run to 3.55 and even higher. Setting BUY LIMIT order to catch the pullback. STX just pamp eet! ⛽
ENTRY : local high @ 2.19
STOPLOSS (SL) : local low @ 1.94
TARGETS (TP) : TP1 - resistance @ 2.70 | TP2 - resistance @ 3.09 | TP3 - height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 3.55
REWARD RISK RATIO (RRR) : TARGET1 - 2.0 | TARGET2 - 3.6 | TARGET3 - 5.5
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
STXUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 2.8 - 3.2 - 3.6
after first target reached move ur stop to breakeven
stop: under 1.5 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to your questions or suggestions.