STXBTC
is at an interesting point: It barely touched the 0.23 fib of the retracement. Should the volume rise and the support hold, than I expect at least 2359 satoshi as first target.
With the break of the trendline, which has its start one year ago, I think we can see some further movement to the upside. Once we also break 2700 satoshi the sky is the limit: In this case it may reach as high as 3822 satoshi.
T1: 2359
T2: 2700
T3: 3822
SL: 1391
FA is in favor of STXBTC:
* Krypto release
* PoX release
* main net launch
No advice, only my opinion. Happy about feedback!
Trade active:
STXBTC seems to be in a parallel channel (on the 1h) and may break the channel center upwards towards the top of the channel. If the top of the channel is broken, i.e. 1468 satoshi are surpassed, I think there will be further upward movement towards 1540 satoshi in the short term. Depending on the volume, 1640 satoshi may be reached. Otherwise, I guess there will be a retracement to the SMA50 before a further upward move.
Trade closed: stop reached:
Stop loss hit, let's see how it further unfolds.