SPTPUSDT Trading PlanDaily:
-MACD had a bullish cross
-RSI also in the bullish area
-10DMA praparing to crrss 20DMA
-200% increase in volume in the last 7 days
-looking for a long entry on the pullback from this move up (0.5-0.618 fib zone)
-could also just confirm getting out of the range, retest top part of the range by turning DEMA55 into support
Tools
EMA's 8/13/21/55 (scalp)
MA's 10/20/50/100/200 (swing trade)
RSI , MACD , VOLUME , FIBONACCI,DIVERGENCE
STANDARD PIVOTS , CANDLES, TRENDLINES
STPTUSDT trade ideas
STPT/USDT (Sign of Strength? Potential Break)STPT/USDT
-bullish rejection at previous support
-testing trendline resistance multiple times
-if we see closed above these two resistance lines
-buy position is the ideal entry
-bulls need more strength to break it
-since BTC Dominance is dropping
-we will have a higher chance of going up
Standard Tokenization Protocol vs TetherUS Chart AnalysisWe looked at Standard Tokenization Protocol (STPTBTC) on Bittrex and the pair went on to print 500%+ , see it here:
This happened after this pair was added to Binance.
Now, we are looking at the USDT pair (STPTUSDT), this is a young chart.
Since there is no history, it can go either way.
Looking at the market cycle and the BTC pair, this one might be preparing to move up.
Prices are now trading above EMA10 and the RSI is trending up.
If prices drop below EMA10, the bearish bias comes back on.
Thanks a lot for your support.
Namaste.