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STXUSDT

This can be a perfect buying opportunityAs we have already discussed in my previous articles that the mainnet launch of Blockstack coin is expected on 30th September 2020 or earlier. This is one of the most significant upcoming event of STX coin that can lead the price action to start a very powerful bullish rally soon. The re-testing of channel’s resistance as support: In my previous article we have seen that the price action of Blockstack coin was moving in a channel and finally the price action broke out the resistance of the channel with a powerful bullish rally then started the new correction rally. At this time the priceline of STX is re-testing the previous resistance of the channel as a support. In case of successful re-testing the price action will start the next bullish rally otherwise the candlesticks can re-enter in the channel again. Therefore it can be a very good buying opportunity above this support. Priceline is likely to take bounce from SMAs: Now let's have a look on the different simple moving averages with the time period of 25, 50, 100 and 200 on the daily chart. It can be observed that during this correction rally the price action has broken down the 25 and 50 simple moving averages and at this time the price action is likely to take a bounce to the upside from the 100 and 200 simple moving averages at the same time. A new up trend line is working as support: If we place a trend-line below the candlesticks from January 2020 up till now then it can be also seen that the price action has found a strong support above this up trend line. At this time the price action has again bounced from this uptrend line. A bullish BAT move: Now I would like to show you a very significant move of the price action of STX coin with Bitcoin and US dollar pairs. That move is the formation of a bullish BAT pattern. If we dig this pattern more deeper then it can be observed that the all dimensions are driven perfectly as required for the BAT move. After initial X to A leg the price action is retraced between 0.382 0.50 Fibonacci retracement level. Then it is projected between point 0.382 to 0.886 Fibonacci projection of A to B leg. Then C to D leg has been retraced between point 0.786 0.886 Fibonacci retracement levels. And now the price action is likely to move up from this potential reversal zone of bullish BAT pattern. Bullish BAT move of STX with Bitcoin pair: Bullish BAT move of STX with US dollar pair: Conclusion: The price action of Blockstack is already at the strong support that is in fact the previous resistance of the channel. At the same time it is also getting bounced from the 100 and the 200 simple moving averages on the daily chart. And has formed a complete BAT pattern. All these moves are showing very positive gesture in the favor of bullish rally very soon. Therefore it can be a very good buying opportunity. However, we can use the 100 or 200 simple moving averages on the daily chart as stop loss. Because if these moving averages will be broken down then we can expect a further downward rally up to the support of the previous channel.
Long
by moon333
1
STX/BTC (Test Next Key Support @ 1300 sat?)BINANCE: STXBTC -Blockstack penetrated the potential support at 1700 sat range -The next key area to be watching is around 1300 sat -The RSI is near the oversold level, there is a chance of a bounce reaction -If the price reached this level wait for any reaction -Enter only once there are potential reversal signals -Analyze Bitcoin's next move also to predict the possible action in a few days **If you like my daily Published Ideas, Please don't forget to leave a thumbs up and comment below. Thank you!**
by PolarHusk
4
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.
by EngineeringRobo
3
STX/BTC (Pullback to Retest Previous Resistance?)STX/BTC -Blockstack just broke the key resistance last August 10 -The price peak at 2734 sat and currently pulling back -Looking at the structure, STX has been trading up since July 27 -From 1246 sat and had not to retest any key areas -If this the potential temporary daily top -STX will likely retest the previous resistance around 2000 sat -That is a good area for potential bounce play or upside continuation -If we can any Bullish sign once the key area is hit -Opening Buy position is ideal and may target the recent top
by PolarHusk
1
STX/USDT | Key Level | Support Cluster | Trade Setup Todays Analysis – STX/USDT – Retracing to establish an S/R flip re-test of daily support. Points to consider: - Healthy Up-trend - Support Confluence (key level) - Declining Volume - Oscillators Below 50 STXUSDT needs to hold the re-test of the daily support zone to form a higher low on the chart and continue its bullish uptrend. The Support cluster also coincides with the 200 EMA and .618 Fibonacci retracement, putting emphasis on the key level. Volume is declining and below average, usually an indication of an influx being imminent; likely to coincide with the retest of support. Both the RSI and stochastics are testing the 50 level, further price development will determine a directional bias. Oscillators need to range above 50 to maintain strength and momentum in the market. Overall, in my opinion, a successful re-test of support validates a long trade to technical targets above with risk defined below local swing low. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by CryptoInsider009
STX/BTC (Must Hold Trendline Support)STX/BTC -there is a clear flat area of resistance at 1700 range -the bullish side though, is the price is holding above 200D MA -a series of higher lows is a good sign of strength -the safest way to approach this market is to confirm the break -once the resistance is cleared, that is your buy signal -please also check for the volume because this will add extra confirmation -stoploss level if the ascending trendline is broken with a bearish engulfing -upside target is up to 2500 sat
by PolarHusk
2
STXUSDT formed bullish cypherBlockstack (STX) has completed the bullish Cypher pattern by its volatility. The initial leg was started from Dec 2018 then A to B leg retraced between 0.382 to 0.618 Fibonacci and B to C leg projected between 1.272 to 1.414 of A to B leg's Fibonacci projection. Now the C to D leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for bullish Cypher pattern. Now the price action has entered in potential reversal zone to take the bullish divergence. This potential reversal can be used as stop loss in case a complete candle stick closes below this level. As per Fibonacci sequence the buying and sell ranges are as below: Buy between: $0.1902 to $0.1708 Sell between: $0.2055 to $0.2055 This very short term 2 hour based charts has capacity to produce upto 20% profit. Regards, Atif Akbar (moon333)
Long
by moon333