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STXUSDT.P trade ideas

$STX - Bullish Pennant Breakout Entry$STX is in news after publication by LunarCrush. On Daily and Weekly it's showing a heavily bullish sign, this is 4h timeframe and it did a breakout from pennant which is ascending means forming HL but also LH. I have kept two targets, first target is a resistance on Daily and second target is a Weekly resistance. You can either enter if price comes back for a retest at breakout level or you can take entry at any level in between, but I technically believe that bullish momentum is strong and price might not come back for a retest. Plan your trade and DYOR.
Long
by Dkhantastic
STX is at resistance again.Blockstack PBC, a software business that seeks to establish a decentralized internet, developed the cryptocurrency STX. The native coin of the Blockstack network, which employs a particular blockchain created to support safe, decentralized apps, is called STX. The Blockstack ecosystem, which includes the Stacks blockchain and the decentralized apps developed on top of it, is powered by STX. STX is a key component of Blockstack's vision of a user-centric internet where people control their data and identities. Within the Blockstack ecosystem, STX may be utilized for several things, including: Using the Stacks blockchain and paying transaction costs Participating in the Blockstack consensus method through stake By rewarding users for contributing to the network and participating in governance procedures, the network can encourage developers to create new decentralized apps. There are two support levels on the way down, and two resistance zones on the way up. One of the resistance levels is very strong and can push the price down for now. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
7
$STX/#USDT [#Stacks]: Resistance_Breakout_ConfirmationWe've detected a Resistance Breakout and Confirmation on the $STX / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.331 | 0.366 | 0.428 and the major support zones are respectively at 0.269 | 0.242 | 0.18. We may consider entering a trade at the current price zone at 0.3222 and targetting higher levels. Technical Metrics : Current price: 0.3222 24H Volume: 7,358,644.3417 ₮ 24H Price change: 10.912% - Pivot Points - Levels : Resistance: 0.331 | 0.366 | 0.428 Support: 0.269 | 0.242 | 0.18 Indicators recommandation : Oscillators: BUY Moving Averages: STRONG_BUY Technical Indicators Summary : STRONG_BUY - In-depth STXUSDT technical analysis on > Tradingview TA page What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here
by Crypto2AF