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STXUSDT

Potential Bullish Trend for Stacks (STX/USDT)#STX/USDT #Analysis Description --------------------------------------------------------------- + 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. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: $1.587 Stop Loss: around $1.20 ------------------------------ Target 1: 2.660 Target 2: 4.050 Target 3: 6.00 Target 4: 7.5 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
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
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
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 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
Trade Setup: STX Double Bottom FormationMarket Context: STX has shown a significant rally of 200% the last time it touched this support level. With the price forming a double bottom and BTC expected to rally, this presents an opportunity for both a spot position and a shorter-term trade. Trade Setup: Entry: Enter a trade at $1.37. Take Profit: Set profit targets at $1.80 and $1.98. Stop Loss: Place the stop loss at $1.16 (on a daily close). 📊 Monitor BTC's performance closely and adjust your strategy as needed! #STX #CryptoTrading #DoubleBottomFormation 🎯
Long
by Richtv_official
Could STXUSDT Be on the Verge of a Major Rebound? Yello, Paradisers! Is #STXUSDT about to make a dramatic move? Let’s dive into the analysis to see what’s happening. 💎Currently, #STX is lying on a strong support zone. The probability of a rebound from here is high if the daily candle closes with a bullish rejection. Should this occur, the price is likely to reverse upward, testing the supply zone around 1.8 and the descending resistance area. 💎If STX successfully breaks out of the descending resistance, it could indicate a strong momentum shift. This breakout might also lead to a breach of the supply zone. A successful break above the supply zone would confirm a bullish reversal, with a high probability of the price reaching our target at the strong resistance area. 💎However, if STX fails to break the descending resistance or fails to rebound from the support, we could see a move towards the order block (OB) area. The OB area is crucial as it likely contains large orders that could lead to a significant rebound. For the price to continue its upward movement, reclaiming the support zone is necessary. 💎Conversely, if STX breaks below the OB area and the daily candle closes beneath it, this would confirm a bullish invalidation, signaling a continuation of the bearish trend and a potential further dip. Stay vigilant, traders, and remember that discipline and patience are key to navigating these market moves successfully. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
8
STX: Approaching ResistanceTrade setup : Price is in a downtrend, trading below its 200-day moving average. It's also broke below $2.00 support and made a Lower Low, which is also a sign of a downtrend. Price needs to break back above those key levels to resume it's uptrend. Stacks (STX) is a platform for scaling and building on top of Bitcoin. Read our research report. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $1.50, then $1.30. Nearest Resistance Zone is $2.00, then $2.50.
Long
by altFINS
STX/USDT Chart UpdateHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: #STX/USDT is currently experiencing a correction within a larger bullish trend. The price is likely to continue if STX fails to hold the initial support level at $1.7. Key Observations: ~ Initial Support: The price has an initial support level of $1.7, as highlighted in the chart. ~ High Liquidity Range with Strong Support: A significant support zone is identified between $1 to $1.2. This range is marked with a green rectangle and is noted for its high liquidity and strong support characteristics. ~ Moving Average: The 100EMA is an initial resistance for STX. A breakout above it will likely trigger the bullish trend and a rejection will continue the correction phase. ~ Projected Price Movement: The chart projects a potential price drop towards the high liquidity range, suggesting a dip to around $1 to $1.2 before a strong rebound. After reaching the support zone, a bullish reversal is expected, with the price potentially aiming for the upper boundary of the channel, targeting around $7. Best Entry: $1 to $1.2. Targets: T1- $2.42 T2- $3.53 T3- $4.38 T4- $5.74 T5- $6.82 DYOR. NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
1
STX Price AnalysisThe STX/USDT daily chart presents a comprehensive look at the current market dynamics, indicating significant levels of support and resistance, as well as a falling wedge that has been broken out and in play since April. After breakout from the falling wedge the price pumped 25% and rejected from a blue zone at $2.441 multiple times, after a pullback price now near weekly support zone (Green) at $1.726 - $1.833. If the price bounced back from the green zone and trend line after a confirm retest we could see a massive pull back and it will form a new highs.That’s a bullish scenario. In a bearish scenario, if a green zone did not holds the price of STX we could see it to test the next levels and finally the yellow zone at $1.162 - $1.282. If the price reached the yellow zone that is the best place for loading our bags. According to our analysis we are in favor of the price will bounce back from the green zone and trend line after retesting. Remember, always use stop loss to secure your funds.
Long
by TheCryptoCity
STX Long Trade SetupCurrent Situation: Trend: STX has been in a downtrend since April 2nd but recently experienced a change of character (CHOC) after retesting the 0.618 Fibonacci level. 200-day EMA: This is an important level to watch, marked by the red line on the chart. Trade Strategy: Entry Criteria: Support Confirmation: Watch the price action around the 200-day EMA to confirm it flips from resistance to support. Entry Point: Enter a long position at $2. Take Profit Targets: Primary Target: $2.50 Secondary Target: $3.00 Stop Loss: Set a stop loss at a daily close below $1.80 to manage risk. Summary: For STX, after experiencing a change of character and forming a higher high, look for a higher low in the discovery phase. Enter a long position at $2, targeting $2.50 and $3.00 for profits. Watch the 200-day EMA for support confirmation and set a stop loss at a daily close below $1.80 to limit potential losses.
Long
by Richtv_official
Opportunity to buy in STXFrom where we put the red arrow on the chart, STX correction has started. According to STX correction, it is a symmetrical or double. The green range is a good support. By maintaining the green range, it can have an upward return towards the targets specified on the chart. Closing a daily candle below the invalidation level will violate the analysis 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
by behdark