#STX/USDT / Ready to go up#STX
The price is moving in a descending channel on a 1-day frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 1.46
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 1.78
First target 2.00
Second target 2.23
Third target 2.50
STXUSDT
Stacks | STX The price of Stacks is $0.79 today with a 24hour trading volume of 204 million dollar. This represents a 14% price increase in the last 24 hours and a 11% price increase in the past 7 days
Stacks is a crypto project on a mission to unlock the full potential of the Bitcoin network by bringing smart contracts and dApps to Bitcoin. It's designed as a Layer 1 solution that utilizes Bitcoin as its base layer. The Stacks token powers the performance of smart contracts, transaction processing, and registration of new cryptocurrencies.
as you can see the chart and candles still following the uptrend and are in green zone, the RSI are above average and volume goes up which shows bulls are in control
our today daily candle going to break 50 EMA line which is another bullish sign. bulls next targets are 0.83, 0.85 and 0.89. stop loss at 0.69 and 0.67 levels are necessary as well
STX Consolidation and Potential Rally AheadMarket Overview:
STX has been consolidating within a range established since June, currently testing potential resistance in the October 25th bearish gap ($1.701–$1.768).
Bulls are showing strength in this zone, hinting at the possibility of a rally, especially if traders begin "selling the news" following an upcoming release.
Key Levels to Watch:
Resistance Targets:
First target: Stops above the October 24th swing high at $1.842.
Next resistance: $1.884 (October 20th level).
Further resistance around relatively equal highs at $1.962, $2.000, and $2.074.
Support Levels:
Initial support: $1.652 (last week's candle tail midpoint).
If bearish pressure continues, further support may be tested near $1.560 and $1.530.
Potential profit-taking could occur around September 16th's swing low at $1.470.
Outlook:
A sustained bullish momentum could propel STX towards the upper resistance targets, supporting a continued rally.
Conversely, if bearish sentiment prevails, the price may test lower support levels, indicating a need for caution among traders.
#STX #CryptoMarket #Consolidation #BullishPotential #TechnicalAnalysis
Stacks (STX), LONG opportunity🟢 Here is a LONG opportunity on STX/USDT:
Potential Buy Zones:
1- 1.80 $
2- 1.65 $
3- 1.50 $
Potential Sell Zones:
1- 2.17 $ (20%)
2- 2.39 $ (32%)
3- 3.00 $ (66%)
4- 3.46 $ (93%)
About Stacks (STX):
Stacks (STX) enhances Bitcoin by enabling smart contracts and decentralized applications (DApps) without altering Bitcoin’s core protocol. Using Proof-of-Transfer (PoX), Stacks leverages Bitcoin’s security, enabling scalable and efficient transaction processing. STX tokens are essential for executing smart contracts, processing transactions, and rewarding network participants. The Stacks project is notable for being the first SEC-qualified token offering in the U.S., highlighting its regulatory compliance and potential for wide adoption.
Disclaimer
The information provided here should not be construed as financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. The author is not responsible for any losses or gains resulting from investment activities based on the information provided.
5x Potential Gains on STX From Here (Fibs, Channels & More)STX has been looking good and in a nice upward trending parallel channel since Dec 2022.
Just trading that channel would have yielded some great returns, but we can also look to the Fibonacci retracement from the previous high to low, which we can see exactly forecast the next high as shown in the video.
From there, we can run the Fib tool from the most recent high to low, which we seem to be coming out of in the ower edge of the bullish channel, giving us a $10 price target (5x).
This coincides with the fractal I took from the last bullish pump to the previous high, and it looks like this is a viable path to $10, judging from the rounded bottoming pattern and the 50 day EMA turning higher.
Let me know what you think of this video, leave a comment, and if I get 10 likes I'll try to do more of these weekly if not daily!
More information is in my bio, and I'd love to hear your thoughts on this study 🚀
$STX Key levels to watchSTX (Stacks) is breaking out of a 3-month consolidation and is now nearing its horizontal and psychological resistance at $2
A bullish structure is forming, and we have significant upside potential if we can break through the immediate resistance, which has now been tested for the third time.
There's strong support between $1.70 and $1.65. In my view, any dip to this range is a buying opportunity. If this level holds, we could see a move up towards $2.3 to $2.5
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.
STXUSDT touch confluence | Long BiasOn week chart
BINANCE:STXUSDT hit and bounce back from the ascending trend line and Golden Ratio on week chart
On 4H timeframe
BINANCE:STXUSDT had returned to fill orders and bounce back
With signals from week and 4h timeframes, my opinion likely Long bias for this time and wait confirmation to trade
Wait and see
STX ANALYSIS#STX Analysis 🚀🚀
As we can see that #STX is trading in a Descending Channel Pattern in daily time frame and also there is a breakout. After a small retest towards it's support zone we would see a reversal in #STX 💸 💯🚀
💸Current Price -- $1.785
📈Target Price -- $3.000
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#STX #Cryptocurrency #DYOR
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.
STXUSDT: Previous Resistance Acting as Strong SupportSTX technical analysis update
STX's price is bouncing from its major support level, with the previous resistance now acting as strong support. Above this support zone, the price has formed a descending channel and is currently trading within it. The price is now moving toward the channel resistance, potentially setting up for a breakout.
Regards
Hexa
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
Potential Bullish Trend for Stacks (STX/USDT)#STX/USDT #Analysis
Description
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+ The chart shows a strong ascending trendline acting as support, originating from the low in mid-2022. This trendline has been respected multiple times, indicating its significance.+
+ The price has broken above the previous resistance zone around $1.90, now acting as a support level.
+ The next major resistance zone is between $3.80 and $4.50, which was previously a strong support zone before the price breakdown in mid-2021.
+ The EMA 100 (blue line) is currently acting as dynamic support, aligning with the ascending trendline and providing additional support to the bullish case.
+ If the price holds above the ascending trendline and the $1.90 support zone, we can expect a retest of the $3.80 - $4.50 resistance zone.
+ A successful breakout above this resistance could see the price targeting the next psychological level around $6.00 and potentially higher to $7.50
+ The RSI is currently at 46.92, which is neutral but showing signs of potential reversal from the oversold region. If the RSI moves above 50, it would support the bullish momentum.
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VectorAlgo Trade Details
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Entry Price: $1.587
Stop Loss: around $1.20
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Target 1: 2.660
Target 2: 4.050
Target 3: 6.00
Target 4: 7.5
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
$stx Stacks over 60% retracement ...NASDAQ:STX Stacks has retraced by over 60% from an all time high of $3.8. Low Risk Buy!
Current Price: $1.60
Stacks current price action is currently in a huge falling wedge!
Up resistances: 1.8, 2.4, 2.9, 3.3, 3.6 then possibly new price discovery at 4.0, 4.4, 4.7, 5.1
Stacks bullish scenarioStacks could be forming a bull flag. a technical chart pattern that indicates a potential continuation of an uptrend.
Bulls managed to bounce off the ~$1.25 zone, previously respected by both buyers and sellers.
Now in a tight spot, facing diagonal resistance, potentially being a key zone to break out of a bull flag.
When prices a tightly compressed, a breakout is often more powerful.
A successful breakout could test the March highs of the ~$3.7 zone.
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.