STGUSDT trade ideas
STGUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for STGUSDT
R2 and R1 are the resistance areas in this chart with their presentation of the disability of the price to rise at several points. And S1 used to be a long-term resistance area in the past. Presently, the price had a falling trend and now it is fluctuating in a neutral behavior over S1 as you observe. By having its rise continued to touch R1, we will wait for a rise to reach higher amounts. Subsequently, we must wait for some confirmation candles to rise and an increase would be there for the price to reach R1 (that is a proper point for saving profits) or by having more fixation over there, more rise is expected then toward R2 area. Also by giving us some falling signs at any points or through moving below S1, more decline is definitely will be waiting for the price toward lower amounts. Note that for enjoying less risky trades, we recommend you to obtain every piece of information and details through our analyses and updates.
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 luck
STG/USDT Trade ideaSTG completed a successfully five wave circle. A simple zigzag correction ABC is taking place. we already done with wave A and B and we are now in wave C which already hit 50% retracement. its very likely to hit 61.8% retracement before wave 3 or C begin. it targets $1.7 as wave C or $2.4 if its wave 3
STG possible upsideSTG seems to form a Wyckoff accumulation price action. At this moment, it holds quite well the current level $1.03. In my opinion, one can have two potential LONG setups.
Set-up 1: if STG hold the current level while BTC could down as much as $23000.
Set-up 2: if STG cannot hold the current level, and go down to the the long-term trendline.
Target will be the resistance at AR (high range of the blue box). Stop-Loss would be -5% from support levels.
In this context where BTC is going down, this is a high-rish trade but with good R:R.
You can check my analysis for BTC in the link below for possible reaction of BTC in short-term.
🔥 STG +50% Gains After Bounce: More Coming?Recently I made an analysis on STG and the bullish channel it was trading in. At the moment of my last analysis I argued that STG had likely bottomed at the channel's support and that a bounce was underway. If you took the trade, you had around +50% gains at the moment!
For now, we're seemingly breaking out of the bullish channel, helped by the extremely good day that BTC is currently experiencing.
In my view, we're likely going to see more gains shortly. However, I also recognize that we're getting fairly overextended at the moment, so I'm keeping my targets close. Targets in blue.
Stargate rocketing.Hi again.
Today, you can spot like first two targets are hit.
STG quickly reverse from golden pocket retrace to
a new higher high.
Very interesting movements.
Let's see what's next and if that third target will be accomplish.
This target is based on inverse head and shoulders.
Third shoulder is often developed in crypto.
Nothing new.
With care and ready,
Emvo.
*This is not any financial advice.