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Standard/Tether

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STNDUSDT trade ideas

✴️ Standard | 99% Clear Bottom Signal (New Uptrend To Form)A new uptrend can last for years, literally. Here we have STNDUSDT (Standard) showing a very strong bottom signal, let me show you. Today we have the biggest candle since February supported by high volume. Such a big candle after a new All-Time Low indicates that the trend is about to change. But hey, you could say that in February we can also spot a huge candle that lead to a lower low... This is true but the situation is different now. Preceding todays candle, which produced 99% growth, is a trend of rising volume. The lower prices go, the higher the buy volume becomes. After the new ATL, we can see buy volume being predominant and now the 99% bullish breakout takes place. This is a clear bottom signal and if the bottom is hit what follows is a new trend. A change of trend; an uptrend. An uptrend is defined by higher highs and higher lows, this can last for years, literally... So imagine the potential of following this pair as it goes up. Namaste.
Long
by MasterAnanda
1
Standard (STND) technical analysisFirst of all, be careful, Bitcoin (BTC) might make another downtrend wave; as a result, most of the altcoins will go down as well. As for the STND, price is moving in a downtrend channel-like trend. For the uptrend to be confirmed, at least the middle line must break along with an increase in buy volume. If the channel upper line breaks, STND most probably will go up to the double line uptrend. Also, watch for the horizontal line that is if the price reaches there, will correct rapidly; unless STND breaks it with a significant volume; that's another story.
Short
by SaeedSalehinia