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Stacks

The Road to $66 for STXUSDT (Stacks)$STXUSD has now beautifully broken out of the triangle after an impressive textbook correction at the 0.618 Fibonacci retracement. This type of correction is a typical feature of wave 2 in an Elliot wave count, which indicates that $STXUSDT is now ready to embark on its third impulsive wave, often referred to as the most explosive one. Considering the increasing volume, an explosive surge in the number of transactions on the network, and the oscillators, we can expect a swift development in the price towards the following resistance levels: — 0.57 — 1.06 — 2.85 — 5.96 — 8.16 — 13.17. #stxusdt #stxusd #BNS #DeFi #BitcoinNFTs #Stacks
Long
by joerivdpol
20
STX has gained over 200%.From the point where we placed the green arrow on the chart, it appears that STX has entered a large diametric pattern. It now seems that wave D has completed, and the price has entered wave E. As long as the green zone is maintained, it can move toward the target above $7. Closing a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
TradeCityPro | STX : A Healthy Uptrend with Promising Momentum👋 Welcome to TradeCity Pro! In this analysis, I’ll review STX, the native token of the Stacks project, a prominent Layer 1 blockchain. The analysis focuses on the weekly timeframe. ⏳ Weekly Timeframe: A Healthy Uptrend On the weekly chart, a strong uptrend has been in place since reaching the low of 0.201. Thus far, two bullish legs have propelled the price to 3.737, with the price currently testing the resistance at 2.471. 📊 Buying volume continues to increase, showing robust support for the ongoing trend with no signs of weakness. A visible ascending trendline has interacted with the price three times, further reinforcing the bullish momentum. 🔼 The 37.65 support level on the RSI is critical. As long as the RSI remains above this level, the probability of a bullish scenario outweighs the bearish one. 📈 If the price breaks above 3.737, it could move toward new all-time highs. In the event of such a breakout, I will update the analysis to include new targets. 🔽 Bearish Scenario If the ascending trendline and the 1.264 support level are broken, the possibility of a trend reversal arises. In this case, the first major support level to watch would be 0.442. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
3
Are #STXUSDT Bulls Ready to Upheld the Bullish Momentum?Yello, Paradisers! Is #STXUSDT ready for a bullish breakout or will it fall? Let's discuss the latest analysis of #Stacks and see what's happening: 💎After months of grinding downward, #STX has finally reached a tipping point. The price is currently testing the upper boundary of a Descending Broadening Wedge, spurred by a solid rebound from the key support zone at $1.38–$1.51. But the big question is this: Can the bulls maintain this momentum, or are we looking at another fakeout? 💎#STXUSDT must conquer the critical resistance level at $2.28 for a true breakout. This area, which previously acted as strong support (tested twice), has now flipped into a stubborn barrier. Bulls will need a decisive move above this level, supported by increasing trading volume and the 20 EMA, to confirm the start of a genuine rally. If they succeed, the next target lies at the next major resistance zone, which could spark a significant upside move. 💎However, failing to sustain momentum could lead to a pullback toward the $1.38–$1.51 range, potentially retesting the breakout point. Losing this zone might open the door to further downside, with #Stacks slipping to the $1.05 demand zone. 💎The real danger begins if $1.05 fails to hold. A breakdown below this level would likely signal a shift in control back to the bears, leading to a deeper correction and extinguishing any short-term bullish hopes. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
3
What Bitcoin does from now on, STACKS should do x3-x20 💳What Bitcoin does from now on, STACKS should do x3-x20 💳 Pyth Network announced its integration with Stacks, providing developers with low-latency oracles, according to an August 23 announcement. Pyth Network, renowned for its finance-based pull oracle design, allows users to pull price data updates on-demand for a better optimized blockchain environment. Traditional oracles operate on a “push” mechanism, delivering data at set intervals, but through Pyth, “users are empowered to ‘pull’ price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point.” Stacks, acting as an important Bitcoin layer, allows the connection of decentralized apps and smart contracts with Bitcoin. Leveraging Bitcoin both as a transactional asset, it allows customers to use BTC to finalize transactions. Developed by Hiro, a Bitcoin layer development company, this integration ensures that Stacks developers have a seamless avenue to over 300 price feeds, spanning equities, commodities, forex pairs, ETFs, digital assets and more. Central to this collaboration is the enhanced data access for developers. With the integration, developers working on the Stacks platform can tap into Pyth Network’s real-time price data, extracting information from a comprehensive range of over 300 price feeds: “This early access launch is intended for developers to test, explore, and begin integrating their decentralized applications with real-time price data.” Leading platforms in this space, including ALEX, Arkadiko, Hermetica, and Zest, are already capitalizing on the integration, harnessing the power of Pyth’s oracles to empower their financial services. The infusion of reliable, real-time data is set to enhance the functionality, security, and user trust in these platforms. As Stacks continues to carve its niche as an enabler of smart contracts and decentralized applications on Bitcoin, the integration with Pyth Network augments its ecosystem, providing developers with tools to craft more intricate and sophisticated applications. Heralding the new collaboration, Marc Tillement, director of the Pyth Data Association, remarked on their dedication to provide developers with crucial tools. Similarly, Hiro’s CEO, Alex Miller, acknowledged the importance of this integration to the Bitcoin DeFi ecosystem: “Bitcoin DeFi is thriving and Hiro is proud to be a part of bringing Pyth to the Stacks ecosystem to help provide developers with the building blocks they need like a powerful oracle.” STACKS should do x3-x20 of whatever Bitcoin does from ow on 💳 STX is a Bitcoin layer for smart contracts What Is Stacks (STX)? Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications. Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time. All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin. One Love, The FXPROFESSOR💳
Long
by FX_Professor
20
STXUSD is about to turn parabolic to $10.Stacks (STXUSD) has been trading within a Channel Up pattern since the December 26 2022 bottom. It is currently consolidating around the 1W MA50 (blue trend-line), coming off a Higher Low rebound at the bottom of the pattern and on the 1W MA200 (orange trend-line). This current sideways trading is highly symmetric with the start of the previous Bullish Leg, as it is trading just below the 0.5 Fibonacci retracement level. At the same time, the 1W MACD has been on a Bullish Cross for a month now and the last time it formed a Bullish Cross (October 16 2023), was right after the previous Higher Low and before the 0.5 Fib consolidation. Once the 0.5 Fib broke, the price aggressively rose on the Bullish Leg and formed a Higher High at the top of the Channel Up, right below the 2.0 Fib extension. As a result, we expect STX to reach at least $10.00 by the end of Q1 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:STXUSDLong
by TradingShot
1
S&P 500 Daily Chart Analysis For Week of Oct 11, 2024Technical Analysis and Outlook: In the previous week's Daily Chart Analysis for the Week of October 4, it was observed that the index maintained considerable strength at the Mean Sup 5700 on Monday. The remaining days of the weekly trading sessions have demonstrated substantial and vigorous progress, surpassing the previously completed Inner Index Rally at 5763 and its progress towards the Outer Index Rally at 5840. The upcoming trading session will demonstrate further sentiment regarding the bullish sentiment to hit the 5840 target. However, recognizing that achieving the 5840 mark will incite a volatile downward price action is crucial.
SP:SPX
by TradeSelecter
Stacks (STX), LONG opportunity🟢 Here is a LONG opportunity on STX/USDT: Potential Buy Zones: 1- 1.80 $ 2- 1.65 $ 3- 1.50 $ Potential Sell Zones: 1- 2.17 $ (20%) 2- 2.39 $ (32%) 3- 3.00 $ (66%) 4- 3.46 $ (93%) About Stacks (STX): Stacks (STX) enhances Bitcoin by enabling smart contracts and decentralized applications (DApps) without altering Bitcoin’s core protocol. Using Proof-of-Transfer (PoX), Stacks leverages Bitcoin’s security, enabling scalable and efficient transaction processing. STX tokens are essential for executing smart contracts, processing transactions, and rewarding network participants. The Stacks project is notable for being the first SEC-qualified token offering in the U.S., highlighting its regulatory compliance and potential for wide adoption. Disclaimer The information provided here should not be construed as financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. The author is not responsible for any losses or gains resulting from investment activities based on the information provided.
Long
by m_royaei
1
5x Potential Gains on STX From Here (Fibs, Channels & More)STX has been looking good and in a nice upward trending parallel channel since Dec 2022. Just trading that channel would have yielded some great returns, but we can also look to the Fibonacci retracement from the previous high to low, which we can see exactly forecast the next high as shown in the video. From there, we can run the Fib tool from the most recent high to low, which we seem to be coming out of in the ower edge of the bullish channel, giving us a $10 price target (5x). This coincides with the fractal I took from the last bullish pump to the previous high, and it looks like this is a viable path to $10, judging from the rounded bottoming pattern and the 50 day EMA turning higher. Let me know what you think of this video, leave a comment, and if I get 10 likes I'll try to do more of these weekly if not daily! More information is in my bio, and I'd love to hear your thoughts on this study 🚀
COINBASE:STXUSDLong
by BrettFogle
October Picks: Stacks (STX) Gearing Up for new ATHs 📈🔥 October Picks: Stacks (STX) Gearing Up! 💥📊 Kicking off October with a promising setup! Historically a strong month for crypto, and Stacks (STX) is already up by 4% today. The chart reveals an ascending channel, with a rejection at 1.943. Key Levels to Watch: Support: 1.789 and 1.735 Breakout Zone: 1.95 Next Target: 2.76 🚀 This month, I’ll be sharing some of my favorite chart setups early on, so stay tuned for more picks coming soon! For more insights on STX, check out my previous analysis . One Love, The FXPROFESSOR 💙 Big chart and targets here:
Long
by FX_Professor
$STX Key levels to watchSTX (Stacks) is breaking out of a 3-month consolidation and is now nearing its horizontal and psychological resistance at $2 A bullish structure is forming, and we have significant upside potential if we can break through the immediate resistance, which has now been tested for the third time. There's strong support between $1.70 and $1.65. In my view, any dip to this range is a buying opportunity. If this level holds, we could see a move up towards $2.3 to $2.5
by Tealstreet
STX Looks Ready To 5x By End of 2024With this week's FOMC .50 Bp rate cut -- The Bull is Back Baby. I've been buying BTC and SOL since last week, but now many of the alts are shaping up nicely. One I like in particular is STX (Stacks) which essentially makes Bitcoin better. The weekly chart looks very interesting here, coming out of a Buy Limit Order Block, and holding it's longer term trendline, back above it's 21 and 50 day EMA's. The last local top was a projection from the prior dip and a 3.618 Fibonacci extension. The same 3.618 projection points toward $10 which I think is a reasonable target by the end of 2024, which would be a 5x from here. Plus our weekly Trend Strength Indicator is turning Green for first time since Jan 2023. Many Alts are looking interesting, but I like this project and have been waiting for the ideal time to start building a position, so I'm going to start building here. Let me know what you think, and your comments below. Please 'Like' the analsys if you feel it's warranted (Trying to build a presence here on TV!) Enjoy the next 3 months, Q4 should be interesting! PS> I think we get a blow off top and a left-translated cycle. 2025 is a huge wildcard.
COINBASE:STXUSD
by BrettFogle
Potential Bullish Trend for Stacks (STX/USDT)#STX/USDT #Analysis Description --------------------------------------------------------------- + The chart shows a strong ascending trendline acting as support, originating from the low in mid-2022. This trendline has been respected multiple times, indicating its significance.+ + The price has broken above the previous resistance zone around $1.90, now acting as a support level. + The next major resistance zone is between $3.80 and $4.50, which was previously a strong support zone before the price breakdown in mid-2021. + The EMA 100 (blue line) is currently acting as dynamic support, aligning with the ascending trendline and providing additional support to the bullish case. + If the price holds above the ascending trendline and the $1.90 support zone, we can expect a retest of the $3.80 - $4.50 resistance zone. + A successful breakout above this resistance could see the price targeting the next psychological level around $6.00 and potentially higher to $7.50 + The RSI is currently at 46.92, which is neutral but showing signs of potential reversal from the oversold region. If the RSI moves above 50, it would support the bullish momentum. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: $1.587 Stop Loss: around $1.20 ------------------------------ Target 1: 2.660 Target 2: 4.050 Target 3: 6.00 Target 4: 7.5 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
STXUSD Bottomed is in. Expect $10.00 by early 2025.Stacks (STXUSD) has been trading within a long-term Channel Up pattern since the December 30 2022 Low and is currently on the 2nd Bearish Leg of this pattern. Being below the 1D MA50 (blue trend-line), it is approaching the Channel's bottom. The previous Bearish Leg formed the Higher Low sideways, so it is possible to replicate this structure and confirmed the new Bullish Leg after it broke above the 1D MA100 (green trend-line). Note that STX priced its Higher Low on the first decline after the formation of a 1D Death Cross and we are currently past that on the new Bearish Leg. As a result, with the 1D MACD also printing the same bottom sequence as the previous Leg, we turn bullish again, targeting 10.00, which just below the 2.0 Fibonacci extension (similar to the previous Bullish Leg) exactly at the top of the Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:STXUSDLong
by TradingShot
1
Stacks Crypto Breakout: Must-Watch Resistance and Support LevelsBINANCE:STXUSDT has shown notable upward momentum in recent trading sessions, with closing prices rising consistently. Closing prices have progressed from $1.508 to $1.65, indicating a strong bullish trend. Meanwhile, the 9 Exponential Moving Average (EMA) is currently at $1.5437, while the 20 EMA stands at $1.4816. The positioning of these EMAs suggests that the shorter-term trend is outpacing the longer-term trend, reinforcing the bullish sentiment. Concurrently, the Moving Average Convergence Divergence (MACD) further supports this bullish outlook. The MACD line has remained above the signal line, with the histogram displaying positive values, highlighting strong upward momentum. Currently, the MACD histogram is at 0.0316, reflecting increasing buying pressure. Relative Strength Index (RSI) values have surged from 64.65 to 77.09, indicating that STX is approaching overbought territory. This suggests that while the bullish trend is strong, traders should be cautious of potential pullbacks or consolidation phases. Key levels to watch include immediate resistance at $1.657. A breakout above this level could propel the Stacks crypto price towards the next resistance points at $1.675 and $1.69. These levels are critical, as a successful breach could signal continued upward movement and potentially attract more buyers. On the downside, support levels are observed at $1.635 and $1.621. Should the price retrace, these levels could provide strong buying opportunities. A further drop might see support at $1.605, which could be crucial in maintaining the overall bullish structure. For traders looking to capitalize on this trend, potential entry points for long positions could be around the support levels at $1.635 and $1.621, with exit targets set near the resistance levels at $1.675 and $1.69. Conversely, short traders might consider entries near the resistance levels, with exit targets at the immediate support zones to capture potential pullbacks. In conclusion, the technical indicators for STX on the 4-hour chart exhibit a predominantly bullish outlook. Traders should monitor key resistance and support levels for potential entry and exit points to maximize their trading strategies.
by Ecoinimist
STX ANALYSISSTX's bearish structure is well visible We have liquidity pools at the bottom of the chart. We have a supply range that we considered as a POI. If the price reaches this supply, we will look for sell/short positions We will also look for buy/long positions in the demand range. Closing a daily candle above the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter a position without setting a stop and capital management and confirmation and trigger. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam