STXUSDT
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
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⚠️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.
Stacks STXUSDT - Head and shoulders + NEW ATH + 600%!- STX is forming an inverse head and shoulders pattern on the daily candles, which is a bullish reversal pattern.
- Volume favors bulls, as there is not any selling pressure.
- All time high resistance 2.85 can act as a resistance.
- The price is above a trendline from 2020.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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STXSTX is currently trading above the support zone at $0.89. If it can stay above this support zone, we could start seeing a move towards $1.25, $1.36 and $1.49. If it can flip the resistance at $1.49 to support, we could start seeing a higher move towards $1.72, $2.29 and $3.22. Failure to hold the support at $0.89 could lead to a drop towards $0.79, $0.70 and $0.58.
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!
STXUSDT Binance Long STXUSDT Chart
Entry Point : Below 1.98
Stop Loss : 1.9163
Tp1 : 2.02
Tp2 : 2.08
Tp3 : 2.19
This is not a financial advise, Just a trading Idea.
Profit or Loss Belongs to the trader only!!
If you like my Ideas Support Me with USDT at my TRC20 address:
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Wallet pumper🚀Wassup, wolves🔥
There is a wedge formation on STX/USDT on crypto pair.
There was a strong bullish sentiment.
After consolidation there was a bullish breakout.
Possible retest of the level is expected.
However price may increase without any retests.
So follow the chart and look for the best price to enter.
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And always remember: "we don't predict, we react".
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