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STXUSDT

STXUSDTHow do you do Crypto lovers, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for STXUSDT Here we have R2 which is our resistance area in this chart with the demonstration of the disability of the price to rise at various points. R1 used to be a support area. S1 is a 4-hour support area. And as you observe, S2 is a long-term support area at the bottom that involves the well support of price at some different points even since the past. Clearly, the price experienced a great increase after its support at S2 area and via some rejections and not being supported at higher amounts, it fell down to lower amounts and was supported at some points at S1. Then after a neutral behavior over this area, and receiving a negative Marubozu Candle with a shadow, which confirmed the high pressure of sellers there, we have its fluctuation above the first support area. Presently it is moving at this points and we expect it to give us some ranging process due to the existence of a doji candle that confirms the unstable situation of sellers and buyers in the market. After being supported here, then there would be a probability of a rise in the future. Also it is possible that the price falls below S1 via losing the support and more decline will take place then. When the price falls down to S2 after losing the support at S1, we must wait for the support and fixation of price and on its returning process, it is better to put your trade orders and then wait for more increase. According to the chart and considering the signs here, when the price is fluctuating above S1, we won’t have so much decline. So please consider the market situation in lower time frames and then decide what to do exactly. We suggest you to save your profits in the resistance areas due to the fact that in the decline of the price, you will not have so much loss. Keep moving with our updates and analyses to have multiple pieces of information and ideas. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you the best
by MarsSignals
1
STX: Falling Wedge BreakoutTrade setup : Price reached $1.30 where price got rejected and pulled back. It was consolidating in a Falling Wedge pattern and had a bullish breakout, which could indicate a potential trend reversal to Uptrend with upside to $1.05 or even $1.30. Next Fibonacci retracement support level is $0.70 (78.6%) and the next horizontal support level is $0.60. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.55. The nearest Resistance Zone is $1.05, then $1.30.
Long
by altFINS
1
Stx Breaking Falling Wedge Stxusdt Based on my analysis of the Stx chart in the 4-hour timeframe, I have identified a bullish chart pattern known as a "Falling Wedge". This pattern is characterized by a series of lower highs and lower lows that converge into a point, forming a wedge-like shape that slopes downwards. The pattern is usually followed by a breakout to the upside, which could potentially lead to a significant price move. Currently, Stx is trading within the Falling Wedge pattern, and it appears to be approaching a key resistance level that could trigger a bullish breakout. If the price manages to break above this resistance level and close above it, it would be a strong indication that the bulls have taken control of the market. Assuming that the breakout is successful, I would expect the price of Stx to move towards the HKEX:1 level, which is a significant psychological resistance level. This level has not been tested since 2018, and if the price manages to break above it, it could trigger a new wave of buying that could potentially push the price even higher. However, it's important to note that trading is always subject to market volatility and unexpected price movements, so there is always a risk involved in any trade. Therefore, it's crucial to set stop-loss orders to minimize potential losses and to have a solid risk management strategy in place. Additionally, it's essential to keep an eye on any news or events that could affect the price of Stx, such as new partnerships or regulatory changes.
Long
by Crypto-By-Ghazi
$STX: Anticipated Breakout; Divergence Signals, and Fib zones On the daily, the RSI is within a symmetrical triangle, indicating an anticipated breakout by May 11. It would be ideal if STX closes the daily candle above $0.82 today, as it aligns with my previous Fibonacci expectations, as indicated on my TradingView chart (link: ). My divergence indicator shows a divergence based on the commodity channel index and identified support zones. Being transparent, I cannot provide a clear guideline at the moment. While I lean towards quick upward price movement, there are multiple factors at play, and a broader perspective is needed. It all depends on the king (referring to Bitcoin), which is currently experiencing resistance at 30.4k and has corrected to the baseline of the Bollinger Bands. If it can establish a baseline there and continue its upward momentum to FWB:36K , we might see a bottom forming soon and some quick price developments.
by joerivdpol
Stx | Breaking Out Falling Wedge Stxusdt Breaking Out Falling Wedge Pattern in 4H Timeframe In the event of a successful breakout and retest, we anticipate a 30-50% bullish move.Once confirmed, we will wait for a retest of the breakout level to establish support before entering a long position. Our target for this trade will be set at a 30-50% move to the upside. Risk management measures will be put in place to mitigate any potential losses. Please keep in mind that our ideas are based on our experience and knowledge, and may not be completely accurate as the market is always unpredictable and anything can happen at any time. It is essential to conduct your own research and use your own knowledge when trading. If you are happy with our work, join us
Long
by Crypto-By-Ghazi