Stxusd
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(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.
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** 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.
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STXUSD ❕ inverted hammerThe price formed a reversal candlestick pattern on the peak.
Volatility and trading volumes have declined.
The asset will continue to decline after fixing under the support level.
Stacks is a buy and hold for at least the next half a yearStacks is the dominant smart contract layer for Bitcoin for now and perhaps long term. After the massive run up in $STC and $ALEX I'm looking to hold my bag and add considerably on any pull back. Returning to 97 cents is likely so I'll double my position at $1. Should it pull down to 77 cents I plan to double again. Falling all the way to the mid sixties I will double again. Each time doubling my total invested in Stacks.
I'm a long term holder on this project with the nice farming yields on $ALEX I don't mind waiting out any big corrections over the next two to three years. Potential major resistance at $1.32 and ATH around $2.42
Considerable breakout and close above $1.32 on the daily would force me to push in hard at that level. Likely run to ATH after that and potential to just blast through since the market cap is so low still. This project should trend toward 10 billion market cap similar to $ADA and other substantial projects. $10 loose target for long term growth
STACKS & BITCOIN 💎If you have been following crypto market in the last 3 weeks, you will certainly notice the crazy $STX performance, there were red days in crypto market meanwhile $STX was doing daily +10%
We have seen how solid Bitcoin was during USDC depeg and during the collapse of $SIVB and Silvergate bank! SPX down while $BTC doing +20% in few days.
In a nutshell, only few crypto projects will survive and more chance for those who co-exist with Bitcoin dominance, here comes Stacks.
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.
Looking for 3X on this one, holding above $0.5555 is my only buy-condition as this investment is for the long term.
Make sure you follow me for price update alerts!
STXUSD Strong rebound on MA50 (1d). 1.7500 targeted.STXUSD is rebounding on the MA50 (1d) and Support (1) after a rejection 2 weeks ago near Fibonacci 0.618.
Golden Cross already completed 3 weeks ago.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.75000 (under Fibonacci 0.786 and Resistance 2).
Tips:
1. RSI (1d) is on a Rising Support. It has accurately caught all three bottom buys.
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STXUSD Extremely high potential after 1D Golden Cross.Stacks (STXUSD) is on an amazing parabolic rally, having broken above its 1W MA50 (red trend-line). On top of that, the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) formed the Golden Cross, a technically very bullish formation for the long-term.
With the 1D RSI though hitting 90.00 (extremely overbought levels) and the price filling the 0.5 Fibonacci retracement level, it is more probable technically to witness a pull-back and medium-term sideways trading until the 1D MA50 at least makes contact. We are buying either on this pull-back or if the price breaks above the 0.618 Fibonacci first. The Channel Fibs draw an additional Channel framework to work within. Our target by the end of June is the 0.786 Channel Fib, at at least 2.5500.
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STX is at resistance again.Blockstack PBC, a software business that seeks to establish a decentralized internet, developed the cryptocurrency STX. The native coin of the Blockstack network, which employs a particular blockchain created to support safe, decentralized apps, is called STX.
The Blockstack ecosystem, which includes the Stacks blockchain and the decentralized apps developed on top of it, is powered by STX. STX is a key component of Blockstack's vision of a user-centric internet where people control their data and identities.
Within the Blockstack ecosystem, STX may be utilized for several things, including:
Using the Stacks blockchain and paying transaction costs
Participating in the Blockstack consensus method through stake
By rewarding users for contributing to the network and participating in governance procedures, the network can encourage developers to create new decentralized apps.
There are two support levels on the way down, and two resistance zones on the way up. One of the resistance levels is very strong and can push the price down for now.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
STXUSDT is preparing for an impulsive wave 3 It appears that STXUSDT is preparing for an impulsive wave 3. Support has been found at the 0.618 Fibonacci level, and by using Fibonacci extension, the following resistance points have been identified. Although it's just a possibility at this point, $STXUSDT could be quite intriguing.
STXUSDT Resistance Line Breakout!STXUSDT Technical analysis update
Buy zone: Below $0.330
Stop loss: $0.290
Take Profit 1 : $0.360
Take Profit 2 : $0.410
Take Profit 3 : $0.520
spot trade
Always keep stop loss
Thanks
Hexa
STX/USDT | Pretty Solid Breakout..!!
#STX Falling Wedge Breakout has Confirmed in the Daily TF Chart..!!
Looks Promising for the Midterm Hold..
Expecting +200-250% Bullish Wave in the Midterm So Keep it under the Radar.
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STXUSD Rebound contained below the 1D MA100Stacks (STCUSD) has had a +50% rebound on today's peak but we see the effect retracing as it almost hit the 1D MA100 (green trend-line). As long as it fails to close a candle above it, expect a Lower Low within the Channel Down pattern that it has been trading in since May 31. A break above the 1D MA100 targets the 1D MA200 (orange trend-line) which has been unbroken since January 21. A closing above it would still be limited to the top (Lower Highs trend-line) of the Channel Down but still a major bullish development for the long-term nonetheless. In order to sustain an uptrend in this case, the 1D MA50 (blue trend-line) has to be tested and hold as a Support.
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Stacks Attempting Falling Wedge Breakout on Higher TimeframesWe have the slightest bit of Bullish Divergence here on the RSI with Declining Volume to the Downside and are just about to test the Strength of this Wedge's Supply Line for the first time Since the start of the year. If we can break free from this Wedge we can very well see a Reciprocal ABCD move that would take us back to the 88.6% Retrace Above.
STXUSDT: Flexible Trading PlanLet's consider an excellent situation on the STXUSDT.
Based on the current wave structure, I plan the opening of a long position or the opening of a short position.
On the one hand, the current corrective in wave 4 may end up forming a WXY pattern; on the other hand, the current corrective pattern in wave 4 may end up forming a triangle pattern.
It is advisable to open a long position at a breakdown of the top of the presumed wave 1 in wave C of wave Y (after the completion of wave 1 and the formation of a local correction in wave 2).
Opening a short position is relevant in case of a breakdown of the low of the triangle pattern - the minimum of wave D.
In both cases, with a moderately aggressive approach, it is possible to extract a good profit in a short period of time.
STXUSD First time above the 1D MA50 since April!Stacks (STCUSD) hit today and broke above its 1D MA50 (blue trend-line) for the first time since April 18 2022. The coin has been trading within a Channel Down pattern since the January 18 High. The long-term trend remains bearish as despite today's impressive 1D candle, the price remains both below the previous Resistance level and the Lower Highs trend-line (top) of the Channel Down.
Both in candles and in 1D MACD terms, today's formation resembles the 1D MA50 test of March 10. This candle not onl broke above the 1D MA50 but also marginally above its prior Resistance Zone and the 1D MA100 (green) and 1D MA200 (orange trend-line) periods (which at the time converged and transitioned into the bearish trend), but still got rejected at the top of the Channel Down.
As a result, we can only take a short-term buy here towards the Resistance and top of the Channel but not a long-term one. In order to buy comfortably on a medium-term horizon, the price needs to break and close above the 1D MA100 (green trend-line). In that case the target will be the 1D MA200.
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Stacks has bottomed at the 0.618 Fibonacci retracementSTXUSDT has put down a textbook 0.618 Fibonacci retracement correction on the weekly chart.
In my Elliott Wave count, the last impulsive wave was a truncated fifth. In a new wave count, the retracement to the 0.618 Fibonacci is a corrective wave 2. Such a correction is not unusual for a corrective Wave 2.
The Tom Demark (TD) Sequential Indicator indicates a 9-candle count. This usually means that a bottom has been reached and a trend reversal will occur. It indicates a set-up to take a position in the market.
I have additionally used the Chris Moody Indicator "RSI Strategy Lower". This indicates by means of the RSI that a bottom has been reached. This can also be seen by the formed horizontal green line; this is now starting to move upwards.
If STXUSDT is preparing for an impulsive wave 3, interesting times are coming...
STX based on the analysis STX is going to 0.78 but in my opinion as soon it breaks 0.97 level the correction is completed before hits the target.
peace:)
💡Don't miss the great buy opportunity in STXUSD @StacksTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.295).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. STXUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 1.595
TP2= @ 1.769
TP3= @ 1.988
TP4= @ 2.195
TP5= @ 2.465
SL= Break below S2
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💡Don't miss the great buy opportunity in STXUSD @StacksTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.295).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. STXUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 1.595
TP2= @ 1.769
TP3= @ 1.988
TP4= @ 2.195
TP5= @ 2.465
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
STX BOUNCE OR MORE CORRECTION?STX is a good project. You can earn BTC by staking your STX coins.
STX is standing on the red trendline. If this trendline going to be broken, I guess it can fall back to 0.5$. In my opinion, this area is a strong buy area.
In case of bounce, if it can menage to go above 2.8$ next target will be the upper trendline.
This is my trial. Not a financial advice.
Bag🎒 your STACKS once again! Stacks broke up this triangle 📐 and I think there is chance for run to 3.55 and even higher. Setting BUY LIMIT order to catch the pullback. STX just pamp eet! ⛽
ENTRY : local high @ 2.19
STOPLOSS (SL) : local low @ 1.94
TARGETS (TP) : TP1 - resistance @ 2.70 | TP2 - resistance @ 3.09 | TP3 - height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 3.55
REWARD RISK RATIO (RRR) : TARGET1 - 2.0 | TARGET2 - 3.6 | TARGET3 - 5.5
INVALIDATION : when SL level hit
My previous STX ideas 👇
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
STXUSD Last dump before a multi-month rally.Stacks has been trading within a long-term Channel Up since the start of 2020 and is about to form a 1D MA50/ MA100 Bearish Cross. This is similar to the Bearish Cross of October 10 2020, which was the cross that paved the way for a 3 month rally. The 1D LMACD sequence between the two fractals is also identical. We should be expecting a bullish break-out by the first week of February.
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