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Stacks

STXUSD: Start of a parabolic rally.Stacks is rising after forming a Golden Cross on the 1D timeframe and turning highly overbought (RSI = 81.130, MACD = 0.059, ADX = 31.757). This comes after a major bullish breakout yesterday as the price crossed over the LH trendline of the December 1st 2021 All Time High. This indicates that the token has officially entered its new Bull Cycle and the onyl pattern that is emerging so far is a Channel Up. Initially we expect this wave to target the 0.786 Fibonacci level (1.8700) and after a pullback, we will aim at the +535% total rise (TP = 2.5000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
BINANCE:STXUSDLong
by InvestingScope
1
STXUSD Strong bullish extension short-term.Stacks (STXUSD) has closed above the 1W MA100 (red trend-line) for the first time since March 23 and even though it remains within an 8-month Channel Down, we expect to finally break it upwards as the 1D MACD formed the first Bullish Cross above the 0.00 level since since the start of the Channel Down itself. To make the bullish case stronger, this is coming off the first 1D Golden Cross in 9 months and we can clearly see a technical Channel Up emerging. We consider this a strong short-term buy opportunity towards Resistance 1 at 0.886750. ------------------------------------------------------------------------------- ** 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
STX/USDT Downward Momentum ?? Stacks Analysis TodayYello Paradisers, Stacks Analysis: Navigating a Bearish Trend 💎 STX recently faced a rejection after hitting the supply zone, continuing its downward trajectory. 💎 Currently, it's approaching a demand zone where it could potentially bounce for a short upward leg before resuming its decline. 💎 In terms of the overall trend, STX remains bearish. Therefore, for those considering a short position, the Bullish Order Block (OB) area could serve as a potential target. Entry Strategies: 💎 Short Position: Keep an eye on the Bullish OB area as a potential target for your short trade, given the prevailing bearish trend. 💎 Long Position: For a spot buy, either wait for STX to break and close above the resistance trendline or consider entering at the Bullish OB zone. Choose your entry point based on these scenarios and the current trend.
by MyCryptoParadise_Nathan
Stacks STXUSDT Analysis: Breakout Point and ResistanceThe price action of BINANCE:STXUSDT (Stacks) presents an intriguing setup that resembles the Adam & Eve reversal pattern. Recent developments include a bullish breakout from a Falling Wedge pattern, suggesting potential upward momentum. Key Target Levels: Target 1: $0.53 Target 2: $0.57 Target 3: $0.59 Target 4: $0.64 Target 5: $0.68 Key Support Levels: Support 1: $0.49 Support 2: $0.47 Support 3: $0.44 I anticipate a robust breakout with a possible pullback near the neckline before the next bullish swing. Let's stay tuned! 🚀📊
Long
by ArShevelev
STX/USDT Ready to continue upward momentum ?? Stacks Analysis💎 STX has undeniably caught our attention. Presently, STX has achieved a breakout from the ascending pattern, marking a valid phase for retesting. 💎 STX now stands poised for further upward progression, evidenced by the robust green candle's rebound from the retesting phase at the previous supply-now-demand zone. The forthcoming target for STX is the supply zone, with a specific focus on surpassing the previous high at $0.595. There is a substantial likelihood of this scenario materializing. 💎 Conversely, a pessimistic development would be STX trending downwards, particularly closing beneath the demand level at $0.52. Such a movement would signify a bearish turn, as STX would re-enter the ascending pattern, potentially breaking through the supportive base of the ascent and closing lower. 💎 This outcome would be detrimental for STX, possibly triggering a continued descent towards a robust support zone, thereby indicating a shift in trend to bearish territory.
by MyCryptoParadise
2
STX: Approaching ResistanceTrade setup : Following a bullish breakout from Descending Triangle pattern, price rallied 30% and reached our target of 200-Day moving average ($0.61). It is getting overbought (RSI > 70), so near-term, we could see some profit taking, which could be a swing entry opportunity. Stacks (STX) is a platform for scaling and building on top of Bitcoin. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.43, then $0.30. The nearest Resistance Zone is $1.05, then $1.30.
Long
by altFINS
STXUSD above the 1D MA200 after 3 months!Stacks (STXUSD) broke above the 1D MA200 (orange trend-line) for the first time since July 20. Our target last time (see chart below) on September 19 was 0.65000, which is the 0.618 Fibonacci level: The price is now on important crossroads. If the 1D candle closes above the 0.618, we will buy again and target the previous High at 0.89000. On the first closing below the 0.618 Fib though (or if it never closes above the 0.618 in the first place) we will sell and target the 1D MA50 (blue trend-line) at 0.52500. ------------------------------------------------------------------------------- ** 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:STXUSD
by TradingShot
Located in an ambiguous areaHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (STXUSDT.P chart) (1D chart) It has touched the 0.4704-0.4781 range and is rising, but it is currently judged to be in an awkward position to enter. Accordingly, I think priority should be given to confirming support around the 0.4704-0.4781 range. (1h chart) It shows an upward trend, rising above the 0.4803-0.4923 range. However, because a box section is formed in the 0.4985-0.5296 range, there is a possibility that the rise may be limited. Accordingly, it is necessary to check which direction it deviates from the 0.4923-0.4985 range and check whether the movement continues. However, since entering a SHORT position is considered more risky, I think it is better to wait and then enter a LONG position. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
Long
by readCrypto
STXUSD Watch out for the 1D MA50 break-out!Stacks (STXUSD) has been trading within a Channel Down pattern since the March 20 High. Yesterday it made the first break-out attempt above the Internal Lower Highs, but closed back below it. At the same time it got rejected exactly on the 1D MA50 (blue trend-line). A similar Internal Lower Highs trend-line dictated the first part of the Channel Down and after the 1D MA50 broke and closed a candle above it, made the Lower High at the top of the Channel Down on the 0.618 Fibonacci retracement level. As a result, we will wait for the 1D MA50 to break in order to buy and target the 0.618 Fib at 0.65000. There is a high probability that it will make contact with the 1D MA200 (orange trend-line) on that level. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:STXUSD
by TradingShot
STXUSD Buy break-out soon.Stacks (STXUSD) had a very strong 1D green candle yesterday and is about to hit the 1D MA50 (blue trend-line) for the first time since July 20. As the 1D MACD just completed a Bullish Cross yesterday, if the price closes a 1D candle above the 1D MA50, you can quick buy and target the 0.618 Fibonacci level. Further closing above it, would be a first, unlike the June 21 Lower High and we will take the break-out buy to target the 1W MA100 (red trend-line) at 0.81000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:STXUSD
by TradingShot
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!
Long
by MyCryptoParadise_Simon
1
STX/USDT Analysis: Potential Reversal in SightGreetings, traders! Let's dive into the STX/USDT pair and examine its current chart patterns. On the one-hour chart, we can observe promising signs of a potential reversal. Presently, STX/USDT is within a falling wedge formation, which often suggests a higher likelihood of breaking to the upside. Adding to this optimistic outlook, the formation of a double bottom within the wedge provides further support for an upward move. However, it's important to be cautious as some technical indicators are sending mixed signals. The RSI, MACD, and Stochastic RSI are hinting at the possibility of further downside, which could potentially form a triple bottom pattern. To ensure better entry points, it would be prudent to closely monitor the price action over the next few hours. This will allow us to gather more information and assess the strength of the potential reversal. I encourage you all to share your thoughts on this analysis. If you agree or disagree with any part of it, please feel free to comment and engage in the discussion. As always, remember to exercise proper risk management and stay vigilant during your trading journey. Happy trading, and let's see how this exciting setup unfolds!
Long
by Fermented_Crypto
✴️ Stacks UpdateThis is the same chart I shared 7-June on purpose. Notice how prices moved below the stop-loss/support just to recover even faster, within a day with high volume and a bullish engulfing candlestick pattern. The RSI is strong and supported by rising volume. When such shakeout moves take place, this is a strong bullish signal. The only reason for big market players, whales/exchanges and market manipulators to produce these shakeout moves is because everything is about to grow. So they want to shakeout "weak hands"... Are you in it for real or do you have doubts? If you have doubts you sell and quit, if you are certain you buy more and/or hold. Now that the shakeout is complete, the markets can grow. There can be more volatility and additional shakeouts, keep this in mind... No surprise, trading cryptocurrencies is tricky, the market is new and more advanced than the old ones. We have to be smart and be prepared. Diversify and plan ahead. I am wishing you tons of profits, great luck, wealth, health and abundance. I love you now and always. Thanks a lot for your amazing support. Namaste.
Long
by AlanSantana
13
STX - Stacks I believe in YouThe increase in Stacks explained: It’s unusual for a cryptocurrency to announce a 2x return in this down market. However, Stacks (STX) was able to do this in June because to a few fortunate circumstances. Although the smart contract platform and Bitcoin (BTC) are closely related, many customers consider Stacks to be a better option for their wallet. While waiting, you can wonder where to invest your money to make a similar or even better purchase. A different funding platform, VC Spectra (SPCT), which is expected to experience an exceptional 10x rise, may provide a workable solution for early blockchain and technology start-ups. Since its inception at the beginning of 2021, Stacks (STX) has given Bitcoin a new layer of usage, riding the wave of rekindled interest. The price of STX is growing as a result of several fundamental Bitcoin-related events. The main one is BlackRock’s decision to submit an exchange-traded fund for Bitcoin. Curiously, it is with the SEC, the same regulatory body that is engaged in legal conflict with Coinbase, who may serve as the ETF’s custodian. However, there is a lot of institutional interest in Bitcoin (BTC), which has benefited Stacks (STX). Other commentators have said that Bitcoin has an advantage over other currencies since the SEC views it as a commodity rather than a security. Additionally, that is advantageous for the Stacks blockchain. Stacks have increased by more than a factor of two from $0.43 to $0.88 since June 10th, 2023. In actuality, this doesn’t mean Stacks (STX) is safe. But if this trend keeps up, Stacks could eventually reach its $1.50 goal by 2023. Chart: I see 1.07 as the key all time trend line S/R level. Price will most likely do go there for a check..if that level fails price will come lower but i still see most likely the breakout happening which unlocks 2-7$. Ultimately i see STACKS in the 10-19$ range in 2025-2026 One Love, The FXPROFESSOR
Long
by FX_Professor