STX
Bag your STACKS!Stacks broke up this triangle 📐 and I think there is chance for run to 2 and even higher. Setting BUY LIMIT order to catch the pullback and add to my stack. Check the other triangle breakouts in related ideas STX just do it! ✔️
ENTRY : local high @ 1.377
SL : local low @ 1.277
TARGET : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 1.99
RRR : 6.1
INVALIDATION : when SL level hit
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Stacks' Is Consolidating in a Symmetrical Triangle For NowStacks' (STX) rally has paused, and a very volatile consolidation seems to be taking place in the form of a symmetrical triangle. While the symmetrical triangle is a neutral chart pattern, when it appears within an established trend, it tends to break in the direction of the prevailing trend.
Symmetrical Triangle Pattern
The symmetrical triangle is in the early stage of development, and it might take a while before it is concluded. If the price remains contained within the current upward and downward sloping trendlines, we will have a valid symmetrical triangle.
On the upside, a break above the downward sloping trendline will open the door for a retest of the short-term resistance level of $2.44.
The current swing high of $2.61 is another technical level that the bulls need to overcome. However, the most important resistance level remains the recent all-time high of $2.90 established on April 5.
The 50-period simple moving average aligns perfectly with the upward sloping trendline to provide more confluence. This means it will be harder for the bears to take charge. However, a downside break will open the door for a retest of support level $1.83.
STXWhat Is Stacks (STX)?
Stacks is a layer-1 blockchain solution that is designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful — including its security and stability.
These DApps are open and modular, meaning developers can build on top of each other's apps to produce features that are simply not possible in a regular app. Since Stacks uses Bitcoin as a base layer, everything that happens on the network is settled on the most widely used arguably the most secure blockchain in operation — Bitcoin.
The platform is powered by the Stacks token (STX), which is used for fueling the execution of smart contracts, processing transactions and registering new digital assets on the Stacks 2.0 blockchain.
STX - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
STX is sitting around strong demand and round number 1.0 so we will be looking for buy setups.
on H1: STX formed a valid ascending triangle in red but it is not ready to go yet. (projection in purple)
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the upper red trendline (1.250) to buy.
Meanwhile, until the buy is activated, STX would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
STXUSDTHello to you all. Mars Signals team wishes you high profits at all times.
As you can see, the price is trapped in a triangle. If it comes out from the top, we have determined the resistances for you, and if it comes out from the bottom, we have determined the support for you.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Stacks coming out of massive accumulation. Big prospects!1. Mainnet lauched a few months ago. You can stake to earn BTC
2. Was one of the biggest laggards early on. Also one of the projects that got talked about a lot in the past and people slowly forgot, but it is one with pretty big goals
3. Largest and cleanest triple bottom / accumulation, with a gigantic breakout and retest. 1+ year long and looks super clean
4. The first cryptocurrency to receive SEC qualification for a sale in the United States
5. Not many listings yet and I think many will come but slowly more and more are coming. Especially Coinbase. The gigantic breakout came because of its listing on Upbit and everybody knows how big of a role demand in Korea plays
$STXUSDT - Triangle on the watchHello everyone!
This is the first time I'm doing analysis on STX, hope it will work out.
It is also possible that STX will retrace a bit to test the lower edge of the triangle then resume upwards.
Nevertheless, I highly recommend to wait for a breakout and retest confirmation.
Blockstack stucks in a wide range #Blockstack - Pullback in play. $STX is heading to the bottom of the wide range - a reversal around $ 1.50 is crucial for new #bullish impulses. The uptrend is still valid and could even continue to new targets @ $4.13. Watch out for RSI we need a defense of 48.5 #STX