STX will hit $4-5 in 2024, and top at $40-50 by November 2025
Updated
Hi everyone!
Here is one of my biggest positions in my portfolio, STX, which I have been holding since early 2023 and staking it. Other big investors like Tim Draper are extremely excited about Stacks and Bitcoin L2s, so hit up that Like and Follow buttons and now lets dive in the technicals:
Short-term and Mid-term, STACKS or STX is exhibiting relative bullish strength as it is completing two bottoming bull reversal patterns of the trend which if you have been following my analysis for the past 10 years on Tradingview and old or recent publications, is very common in Crypto and Altcoins to do:
(1) Adam & Eve at 0.23-0.19c
(2) Rounding bottom.
STX has still not broken the previous ATH at $3.25 so buying know below $1.81 is still considered an early entry and you could still make a whopping 2,600% in gains if this trade plays out as expected and we top at/near $50 by October 2025 through December 2025.
In the incoming days / weeks, I am expecting to see a strong rally (a bit similar to the blue fractal which represents the Gold cycles in the past 10 years~ for reference) towards the previous ATH resistance block at $3.25. I believe that thanks to the Bitcoin ETF recent approvals by the SEC, Crypto is now mainstream and that we should see enough momentum to break up higher and hit $4-5 as a fake out before we pull back down and consolidate between that resistance and the support block at $1.90-1.40~ for the rest of 2024.
Looking further ahead at the next bear market of 2026-2027, we can expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $4-5.
Best of luck and happy trading!
Carl M.
Here is one of my biggest positions in my portfolio, STX, which I have been holding since early 2023 and staking it. Other big investors like Tim Draper are extremely excited about Stacks and Bitcoin L2s, so hit up that Like and Follow buttons and now lets dive in the technicals:
Short-term and Mid-term, STACKS or STX is exhibiting relative bullish strength as it is completing two bottoming bull reversal patterns of the trend which if you have been following my analysis for the past 10 years on Tradingview and old or recent publications, is very common in Crypto and Altcoins to do:
(1) Adam & Eve at 0.23-0.19c
(2) Rounding bottom.
STX has still not broken the previous ATH at $3.25 so buying know below $1.81 is still considered an early entry and you could still make a whopping 2,600% in gains if this trade plays out as expected and we top at/near $50 by October 2025 through December 2025.
In the incoming days / weeks, I am expecting to see a strong rally (a bit similar to the blue fractal which represents the Gold cycles in the past 10 years~ for reference) towards the previous ATH resistance block at $3.25. I believe that thanks to the Bitcoin ETF recent approvals by the SEC, Crypto is now mainstream and that we should see enough momentum to break up higher and hit $4-5 as a fake out before we pull back down and consolidate between that resistance and the support block at $1.90-1.40~ for the rest of 2024.
Looking further ahead at the next bear market of 2026-2027, we can expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $4-5.
Best of luck and happy trading!
Carl M.
Trade active
STX at $1.90, once we hit $2.20, we have clear skies until the ATH at $3.25.We should get enough momentum to hit $4-5 as a fake out, that's where I will be selling my STX as I am expecting a pull back and long consolidation this year.
I aim to rebuy back in STX at $1.90-1.40~ if all goes as planned.
Note
STX up 50% since this publication. Expecting STX to top at $4-5 by March 10.Note
Take note that higher targets are possible.
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