Stacks bullish outlook in focus?👀!! 🚀STX Today Analysis💎A breakout of a descending channel to the upside, and is currently trading above the Point of Control POC of the Volume Profile Visible Range.
💎This POC is acting as a support level, indicating high volume and signaling bullish momentum.
💎There's a possibility that STX might pull back to retest the trendline of the channel before moving upwards - both scenarios are on the table.
💎Additionally, STX is currently in a high demand area, further confirming the bullish outlook.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
Cryptotradig
Cronos: Getting Up with The Chickens…? 🐔⏰Getting up with the chickens obviously isn’t really Cronos’s scene. The altcoin is lolling on top of its magenta-colored bed and seems to find it hard to rise and shine. However, we expect our crypto-friend to do exactly this! Cronos should get up from the magenta-colored zone and climb above the resistance at $0.0887, pushing itself upwards from there to finish wave 3 in green. After the moderate counter movement of wave 4 in green, which should also remain above $0.0887, the altcoin should clamber higher still. There is a 33% chance, though, that Cronos could topple off its magenta-colored bed and slip below the support at $0.0542 to develop a new low in the form of wave alt.2 in turquoise.
ETH ready for $34KWe just broke above the Bearish trendline with a slight retest, next we may see a push towards $34K as we go through the weekend. Also taking a look at the RSI it indicates we've touched a nice trend line here which could send us on an Uptrend.
If we do hit the above resistance at $3,315 we could hit a reversal & fall back too $3,110 which would fall to the top of the previous Bearish trendline which we just broke above.