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Stacks

Stacks emerges top gainer with 13% surge 🔋👽STACKS was a great entry for us yesterday and a very promising one for the future. 1.17 mid of ascending channel 1.795 technical resistance 2.38 end of ascending channel 19$ potential for 2025/early 2026 (where i see end of next cycle) Stacks is a blockchain protocol that leverages bitcoin’s security and state through the innovative proof-of-transfer (PoX) consensus mechanism. With this integration, Stacks seeks to enable smart contract capabilities on the bitcoin network and bolster scalability. Per data from price-tracking platforms STX, its native token, has been the biggest gainer among the top 100 assets by market capitalization in the past 24 hours. With a13% surge, STX has outperformed bitcoin (BTC) over seven times within this timeframe. Let's go STACKS! The FXPROFESSOR
Long
by FX_Professor
3
✳️ Stacks vs Bitcoin Long-Term | Complete Cycle MappedHello my dear Cryptocurrency trader, let me show you why I am bullish on Stacks vs Bitcoin long-term. November 2022 marks the "All-Time Low", left side of the chart. After we hit bottom, the only place left to go is up and this leads to a massive bull market. A bull market leads to a bear market and this is also clearly marked on the chart. The bear market most come to and end by hitting a new low and in this case a long-term higher low (January 2023 higher low vs November 2020 all-time low). Between June 2022 and January 2023 is the "consolidation phase", same as Bitcoin and the rest of the market and then comes a bullish breakout, recovery, the new bullish phase and it starts with 333%. Such growth needs a correction, now taking place, a "steep correction" on the chart... This correction will lead to a new bullish wave, the continuation of the initial breakout. This is true for the ENTIRE CRYPTOCURRENCY MARKET. Thank you for reading. Namaste.
Long
by AlanSantana
Indicators Signal Short-Term Buying Opportunity for STX (Stacks)I aspire, and expect Bitcoin to recover and resume its upward movement, with $STX ultimately closing the weekly candle above $0.84. Nevertheless, in technical analysis and trading, wishful thinking is not enough and holds no weight. The key is to identify conditions with a high likelihood of success. Presently, $STX has fallen below $0.84 and is expected to continue its downward trend for the time being. Nonetheless, there is still hope for the short term. The 'ZigZag Fibonacci Tool' has automatically mapped out several Fibonacci levels that could potentially serve as support zones in the future (see my green arrows) Additionally, the Chris Moody Slingshot tool indicates a high probability of an upward tick around $0.77. The green candle colour suggests a conservative buying opportunity at present. Furthermore, the TD Sequential countdown to 9 on the daily chart indicates a buying opportunity as it identifies turning points in asset or index price trends, printing a TD9 after nine consecutive candles above/below the previous four candles' closing price. In conclusion, although Stacks has slipped through its support zone, favourable days are expected in the short term. The current undervaluation of $STX makes it an attractive bargain.
by joerivdpol
1
STXUSD near the bottom of its Rising Wedge.Stacks (STXUSD) had a Double Top rejection this week on its 1D MA50 (blue trend-line) and is approaching the bottom of the long-term Rising Wedge pattern. With the presence also of the 0.382 Fibonacci, this is the strongest buy signal since February 15. The 1D MA200 (orange trend-line) is right below it and the 1D RSI is close to the 30.00 oversold level. We are turning into buyers again, targeting the 0.786 Fibonacci at 1.80000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:STXUSDLong
by TradingShot
4
$STX looking bullishCOINBASE:STXUSD is looking pretty bullish. As you can see on the chart, price has been consolidating in a falling wedge, and it looks like it's about to break out. It could either go up here, or it could retest the $.75 region before heading higher. Either way, price looks like it wants higher. I entered a position at $.7375. My bias leans towards the $.99 - $1.10 region as the short term top, then I could see price retesting this structure before heading much higher.
COINBASE:STXUSDLong
by benjihyam
STX: Falling Wedge BreakoutTrade setup : Price reached $1.30 where price got rejected and pulled back. It was consolidating in a Falling Wedge pattern and had a bullish breakout, which could indicate a potential trend reversal to Uptrend with upside to $1.05 or even $1.30. Next Fibonacci retracement support level is $0.70 (78.6%) and the next horizontal support level is $0.60. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.55. The nearest Resistance Zone is $1.05, then $1.30.
Long
by altFINS
1
$STX: Anticipated Breakout; Divergence Signals, and Fib zones On the daily, the RSI is within a symmetrical triangle, indicating an anticipated breakout by May 11. It would be ideal if STX closes the daily candle above $0.82 today, as it aligns with my previous Fibonacci expectations, as indicated on my TradingView chart (link: ). My divergence indicator shows a divergence based on the commodity channel index and identified support zones. Being transparent, I cannot provide a clear guideline at the moment. While I lean towards quick upward price movement, there are multiple factors at play, and a broader perspective is needed. It all depends on the king (referring to Bitcoin), which is currently experiencing resistance at 30.4k and has corrected to the baseline of the Bollinger Bands. If it can establish a baseline there and continue its upward momentum to FWB:36K , we might see a bottom forming soon and some quick price developments.
by joerivdpol
STX price action finding support on the 4hr 200maSTX posted 4-9-23 +14% gains ... so far here is another entry idea ( if you missed it ) or to add to entry ( scaling into the trade ) on 4-9-23 hidden bearish div played out and support bounce off of yellow dotted line played out wait for break of 1.0156 with volume confirmation for entry / or retest of 1.0156 price action finding support on the 4hr 200ma if price action ( PA ) pulls back and bounces of blue trendline , this would be a nice entry Market Cap: 1.3B Category: DeFi / Metaverse Target 1: 1.2223 Target 2: 1.3965 Target 3: 1.5420 Stop Loss: 0.8475 Manage Risk - have a stop loss in place Not Financial Advice This is for Entertainment Only
Long
by TradeIntuition
1
STACKS - Unstoppable One of my favorites and a reliable choice for a very good 3 successful trades. If you are not aware of what STACKS is you should def look into it as it has immense potential going forward. 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. My spot holding have grown from 20 cents to almost x5 and the leveraged trades went even better... Only Bullish on this one as i see 10-18 range for the next 2 years. One Love, The FXPROFESSOR
Long
by FX_Professor
1
Located in an important volume profile sectionHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (STXUSDT chart) The key is whether it can be supported around 0.8395-0.9983. If it is supported in the 0.8395-0.9983 interval, 1st: 1.5327 2nd: 2.0316 It is expected to rise around the 1st and 2nd. but, Looking at the 1W chart, since the 1.2520 point has been serving as support and resistance for a long time, we need to see if we can break through this point upwards. If it falls below 0.8395, 1st: 0.6560 2nd: 0.4010 You need to check if it is supported in the vicinity of the 1st and 2nd order. The current price level is in the important support and resistance zone, so if it moves sideways in this zone, it is important whether the HA-High indicator on the 1W or 1M chart is created by a decline. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
9