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STX

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
Stacks – Primed for a Breakout with Strong Bitcoin IntegrationAbout Stacks (STX): Stacks is a unique project that brings smart contracts and decentralized applications (dApps) to Bitcoin without altering Bitcoin’s core. It has a market cap of $2.52 billion and a 24-hour trading volume of $167 million, showing strong market interest. Impact of Rate Cuts: With the Fed's recent 50 bps rate cut, risk-on assets like STX are expected to thrive as investors seek high-growth opportunities in the crypto space. Stacks, building on the strength of Bitcoin, stands to benefit from this macroeconomic backdrop. Entry Point: STX is currently trading at $1.69, showing a 12.1% increase in the last 24 hours. Immediate support is at $1.17, and a breakout above $2.76 could set the stage for a strong bullish rally. The primary target is $4.33, while the maximal target in a moonshot scenario reaches $19. 📊 Technical Levels: Support: $1.17 Primary Target: $4.33 Maximal Extension: $19 (Moonshot Scenario) The chart is showing STX flirting with a breakout, and the combination of Bitcoin’s stability and smart contract capability could push STX higher. If you like STX, perhaps it’s time to diversify with AI + Crypto unicorns like CRGPT 🤖🚀. One Love, The FXPROFESSOR 💙
Long
by FX_Professor
Alikze »» BNB | Support zone failure🔍 Technical analysis: Support zone failure - In the 4H time frame, after not being able to break the supply area, it has faced selling pressure. - Currently, a bullish pattern is observed, which has extended to the supply area. - Therefore, any pullback to a broken structure can face selling pressure again. - So we should see an increase in selling pressure in the supply area to continue the corrective lag until the liquidity area. - In addition, in case of breaking the liquidity area, the correction can continue up to the specified areas and Fibo 2.618. Alternative scenario: In addition, if it can break and stabilize the supply area upwards, it can have a retest to the next supply area. 🛑Range of resistance or supply area: 531-547 🟢 Support area: 468-464 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:BNBUSDT
Short
by alikze
STX USDTSTX is currently in a bearish trend and has been moving within a descending channel for approximately 157 days. The chart clearly shows the price making lower highs and lower lows, respecting the boundaries of this channel. At the moment, the price is positioned near a critical juncture where it could potentially break out of this descending channel, signaling a reversal. For a bullish move to occur, STX must break above the channel’s upper boundary. This resistance has acted as a barrier to the price, preventing any significant upward movement.
by TheCryptoCity
STX NEW UPDATEFrom the data we have on the chart, we can identify a larger pattern for STX. It looks like a larger correction pattern like the diametric is forming. This correction has started from where we placed the red arrow on the chart. The price has reached a SWAP resistance range. The F wave can end around here after a while. G wave can have two targets ahead. I marked the best place for rebuy on the chart. Closing a candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
Alikze »»GRT | Bearish Flag Pattern🔍 Technical analysis: Bearish Flag Pattern According to the analysis presented in the previous post, after the completion of corrective wave B, an upward wave in the form of wave 3 or C grew to the size of 1.272 fibo of the previous wave itself. - Therefore, this rising wave can be labeled as wave one. 💎 According to the structure and behavior of the three-wave correction, an ascending log equal to 61.8 fibo of the previous wave has been returned. 💎 In addition, this return wave was in a channel and formed a descending flag. Therefore, the bearish flag pattern can also correct as much as the bar. - This descending log can return at least 100% of the previous wave, which will be the range of 0.1446. - If it continues and breaks it, it can extend to the floor of the channel and shopping area. 💎 Resistance zone: limit 0.39 and fibo 61.8 channel ceiling 💎 Alternate scenario: If the 0.618 Fibo area breaks to the upside, the bearish scenario will be invalidated and should be re-examined and updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by alikze
15
Alikze »» FTM | Continue reforming on the descending channel🔍 Technical analysis: Continue reforming on the descending channel - In the analysis presented in the previous post , after leaving the density to the first blue strip area it made the first correction. - Currently, it is moving in a downtrend in a downtrend in a downtrend. - Depending on the type of behavior and structure of this return, it can extend to the middle of the channel or the Test of the Neckline area. - So we will expect to continue the correction after the middle of the channel to the floor of the canal, which can then continue with the channel breakdown to 0.26. - This correction is generally for the completion of the 2 -correction wave that can have a complex combination modification. - So we will continue to consider the upward trend after the short -term correction is completed. 💎 Alternative scenario: After supporting the blue and money -wide range, it can have a test to the supply area, which can continue up to the channel and fibo 1.272 if it fails. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:FTMUSDT
Short
by alikze
Alikze »» AVAX | Head and shoulders pattern🔍 Technical analysis: Head and shoulders pattern - It is moving in a downward channel in weekly and daily time. - In the previous post , it was mentioned that if the supply zone fails, it can touch the next zones, which after retesting the zone, failed to break the red box and formed a corrective structure. - According to the current corrective structure, a head and shoulders pattern is formed. - Also, due to the failure of the neck line, any return can be a pole back to the broken structure. - So the break of the $25 area will also lead to the break of the channel and it can have a triple correction with Fibo targets of 100 - then $12.5 and Fibo of 1.618. 💎 Alternate scenario: If the $25 zone is maintained and the supply zone fails, it can retest the next zone. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:AVAXUSDT
Short
by alikze
STX Potentially BullishNASDAQ:STX is still attempting to reclaim the bullish momentum and so far, the 1.760 zone (Previous Resistance now turned support) seems to be holding. A further bullish push just might lead the start of another bullish push. This does not completely rule out the possibility of another dip in the market. As long as the now found support holds, the bulls will take the lead otherwise, the bears will dominate. I will keep an eye on this closely. Expect updates on #STX as market reveals itself more.
Long
by Mbjoey
Alikze »» STRK | Descending channel🔍 Technical analysis: Descending channel - It is moving in a downward channel in the daily and 12H time frames. - Currently, there is a demand in the green box and the bottom of the descending channel. - After the demand in the green box area, it has re-entered the descending channel. - According to the current structure, it can grow up to the middle of the channel and the range of 0.78 after the pullback. - If it can stabilize above the 0.78 area, it can continue its growth until the neck line area and the supply area. 💎 In addition, if the green box is broken, the downward trend can continue up to the 0.39 area. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:STRKUSDT
Long
by alikze
Alikze »» SUI | Descending channel🔍 Technical analysis: Descending channel - It is moving in a descending channel on a daily basis. - Currently, there is demand at the bottom of the descending channel in the green box. - If it can break the range of 0.78, it can continue its growth with a pullback to the support box until the supply zone. - But if the green box area breaks down, the correction will be ongoing and should be re-examined and updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SUIUSDT
Long
by alikze
STX Technical AnalysisThe STX/USDT pair analyzes daily price activity and provides major support and resistance levels, trend lines, and key zones of interest. This comprehensive review gives useful information for both traders and investors. Daily Resistance Zone The chart shows a strong resistance zone in the Purple area at the upper limit. This zone has consistently stopped upward price movements, indicating significant selling pressure and indicating that it is a critical level for bulls to cross. Key Resistance Levels Several resistance levels have been found, including $3.078, $1.959, Blue zone at $2.379 - $2.445, and Green zone at $1.833 - $1.726. Historically acted as barrier, keeping the price from rising. The price reactions at these levels indicate how important they are in the overall market structure. Descending Channel Trend Lines The chart shows a descending channel with lower highs and lower lows. The upper boundary of this channel acts as dynamic resistance, while the lower limit provides dynamic support. The price movement within this channel represents the existing downturn, and any break from this pattern could indicate a major change in market sentiment. Crucial Support Zones Several support zones are marked, each representing a region where buying interest has previously occurred. The key levels are $1.561, and $1.388, and the monthly support zone in Yellow at $1.162 - $1.282. The Yellow zone has been identified as a strong support level. This monthly support zone indicates a higher level of buying interest. The price has bounced recently from this zone. Daily Support Zone A daily support zone has been identified in the Pink at $0.938-$0.989 area. If the price continues to fall, this area might serve as a solid support, offering a potential floor for buyers. The current price actions of STX show an overall downtrend within a decreasing channel. As the price approaches key support levels at $1.561 and $1.388, these levels will be critical in determining the next directional move. Holding above these support levels may result in a positive reversal move, especially if the price breaks out of the decreasing channel and surpasses the upper resistance levels. Failure to maintain support at these important levels, on the other hand, might lead to further drops, with the next major support region being the monthly support zone Yellow at $1.162 - $1.282. If the price drops further we might see it to the next daily support zone inPink at $0.938 - $0.989. Traders should keep a careful eye on these key levels for potential trading opportunities, as a breakthrough above the channel trend line and resistance levels could signify a move to bullish momentum, but a breakdown below the support zones might indicate sustained bearish pressure.
Long
by TheCryptoCity
4
#STX/USDT#STX The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern We have a bounce from a major support area in green at 1.25 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount Entry price 1.36 The first target is 1.66 The second goal is 1.91 Third goal 2.20
Long
by CryptoAnalystSignal
1
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 Daily Analysis: Anticipating a Breakout📅 Let's dive into today's analysis in the crypto market. Today's coin is STX, one of the coins that gave significant returns during Bitcoin's surge from 16k to 73k. We won't analyze Bitcoin today since I will provide a complete analysis of Bitcoin tomorrow. 🔍 Analysis of STX Project Overview STX is a layer-2 solution for Bitcoin, similar to other layer-2 solutions, it increases network speed and reduces transaction fees. Additionally, STX provides infrastructure on the Bitcoin network for building decentralized applications (DAPPs). Many well-known DAPP projects use this platform and protocol for their infrastructure. 🎲 Chart Analysis The analysis is conducted in the daily time frame. As you can see, STX had a powerful upward trend and, after reaching the resistance of 3.686 and concurrently with Bitcoin reaching its peak of 73k, it started to retrace. This retracement has been marked by a curved trendline and a trendline from the price bottom, leading the price down to the 1.316 area. 🧩 Key Support Level The support level at 1.316 is quite strong. It is significant not only from a price action perspective but also because it coincides with the 0.5 Fibonacci level, adding to its importance. 📊 Volume Analysis During the last upward wave from 1.316 to 3.686, the volume of green candles began to decrease, indicating a weakening trend that was visible on the chart. After this, and during the correction phase down to 1.316, the volume continued to decrease, suggesting that traders did not engage in buying within the range of 1.316 to 3.686. This indicates that the resistance at 3.686 is not very strong, and the price is likely to test this area again. 🧲 Trendlines and Breakout Scenarios The trendlines that have brought the price down from 3.686 to 1.316 are nearing their end. The price will soon break either the upper or lower trendline. If the curved trendline is broken and its trigger is activated, the price could rise back to the 3.686 peak with a significant influx of buying volume. Conversely, if the trendline from the price bottom is broken, there are two potential scenarios: If selling volume enters the market and Bitcoin loses its 55k support, we can expect a strong bearish momentum. Breaking the 33.44 support on the RSI can confirm this momentum entering the market. If the trendline is broken but Bitcoin maintains its support and selling volume does not enter the market, we might see the bearish trend exhaust, and the price could move back above the 1.316 support level. 💥 Bitcoin's Influence The reason Bitcoin's support and resistance are crucial for this coin's movement is that STX is a layer-2 solution for Bitcoin. Layer-2 projects generally have a high correlation with their primary projects. Additionally, with Bitcoin's dominance at 54%, Bitcoin naturally influences all altcoins, especially one that serves as a layer-2 solution for Bitcoin. 🛒 Buying Strategy in Spot The safest trigger for buying this coin in the spot market is 3.686, which is the all-time high (ATH) for this coin. If the price stabilizes above this level, it could move towards new targets. However, this trigger is 130% away from the current market price, which is quite a distance. Until the price reaches 3.686, there are other triggers that, upon stabilizing above these levels, the price could move upwards. Naturally, these triggers are riskier than 3.686, and the probability of hitting a stop loss is higher. The first trigger is 1.801, which is the peak of the Low Wave Cycle (LWC). Since the price is in a High Wave Cycle (HWC) uptrend, you can consider entering in the LWC. The next trigger for buying is 2.422, which is the MWC resistance. After breaking and stabilizing above this area, we can move towards the 3.686 peak. 📝 Conclusion STX, a layer-2 solution for Bitcoin, is currently at a critical support level of 1.316, which is significant both in price action and Fibonacci terms. With decreasing volume indicating a potential test of the 3.686 resistance level again, traders should watch for key breakouts and Bitcoin's influence on the market. Considering the triggers and support levels mentioned, strategic entries can be made with proper risk management. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
Long
by itsparham96
1
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