STXUSD Making a strong bullish breakoutSTXUSD / Stacks crossed yesterday over the 2.5 month Channel Down and today over the 1day MA50 for the first time since April 14th.
This is second buy signal after the rebound 2 days ago on the 1day MA200.
Buy and target Resistance A at 0.82000.
If the price then closes a 1day candle above Resistance A and pulls back near the 1day MA50, buy again and target Resistance B at 1.010000.
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STX
STXUSDT Signals Potential Bullish Breakout with Falling Wedge 💎 STXUSDT pair has formed a falling wedge pattern on the 4-hour timeframe, indicating a potential bullish reversal.
💎 As the trading volume gradually decline. This signifies reduced selling pressure and accumulation by buyers. An increase in volume during the breakout can further confirm the bullish outlook.
💎 If the breakout occurs above the upper trendline of the falling wedge, it could lead to a potential upward price movement.
Disclaimer: This is Not Financial Advice ❗️ Trade at Your Own Risk ⚠️
✴️ Stacks, Bullish Chart SetupStacks has been in a correction since late March, even though we had a strong market shakeout yesterday it looks good today.
STXUSDT Bullish Signals
We have a higher low this month vs 10-March.
We have a falling wedge pattern.
Bullish divergence with the RSI.
Volume breakout.
This chart looks like a great setup.
Low risk with a potential that can go beyond 80% in the short-term.
Wishing you a lovely Wednesday.
Namaste.
STACKS- Time to Un-stuck the Stacks 🥞🥞🥞Very volatile but that's not a bad thing (for me at least).
STACKS is very promising and i keep it in spot with patience.
CHART:
Between 0.52-0.63 lies great support.
TARGETS:
🥞0.779 Interim resistance/target
🥞1.07 Target 1
🥞1.78 main resistance/Target for 2023
🥞19$ is the potential i see for 2025-2027
One Love,
The FXPROFESSOR 🌅
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 $STX makes it an attractive bargain.
STX DROP MORE VERY SOONHi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the STX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
STX USDT LONG SWING | STXUSDT | LONG @ 0.75 - 0.78 | TP @ 0.79, 0.8, 0.81, 0.82, 0.83 | SL @ 0.66 | PATTERN = ASCENDING CHANNEL | BINANCE |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:STXUSDT BINANCE:STXUSDT.P BYBIT:STXUSDT.P KUCOIN:STXUSDT COINBASE:STXUSD COINBASE:STXUSDT OKX:STXUSDT.P OKX:STXUSDT OKX:STXUSDC KRAKEN:STXUSD BINANCE:STXBUSD MEXC:STXUSDT.P
STXUSD near the bottom of its Rising Wedge.Stacks (STXUSD) had a Double Top rejection this week on its 1D MA50 (blue trend-line) and is approaching the bottom of the long-term Rising Wedge pattern. With the presence also of the 0.382 Fibonacci, this is the strongest buy signal since February 15. The 1D MA200 (orange trend-line) is right below it and the 1D RSI is close to the 30.00 oversold level. We are turning into buyers again, targeting the 0.786 Fibonacci at 1.80000.
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$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.
Short $STXI wanted to share with you some insights into my trading strategy. I have developed a system where I identify "buy zones" (indicated in green) and "sell zones" (indicated in red) to help me make informed decisions about when to buy and sell securities or assets.
Based on my analysis, I have noticed that in the red sell zones, there are typically two bounces, with the first bounce being a liquidation of short sellers. As of now, I believe it's time to sell, as I have identified a red zone where I anticipate prices to decrease.
Please keep in mind that trading strategies always involve risk, and it's important to have a solid understanding of market conditions and trends. I highly recommend conducting extensive research and seeking advice from a professional financial advisor to minimize your risks and increase your chances of success.
Thank you for your attention, and I hope that this information has been useful to you.
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.
STX Long & Short Ideaeverything is explained on the chart, comment if you doubt anything.
STX will fly once it breaks out the trendline. however, be aware of losing the ascending bottoms..
you can flip short as we are heading to the week if ONLY it breaks down the SL mentioned on the chart.
feel free to share your thoughts!
GL ALL.