STX buy setupWe already caught good swings from STX.
Now we have determined the best demand range on the chart. We will look for buy/long positions in this range.
If the price reaches the green range, we will enter the position
Closing a daily candle below 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
STXUSDT
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🌴
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.
STX/USDT Chart UpdateHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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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.
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#PEACE
STX Potentially BullishWe have seen over time how the crypto market has created some lows. Are we going to be seeing some bullish push ahead of the crypto convention next month? On the TA side, market is looking like it is ready to make another push upward, however I will want to see some bullish move to confirm that the retest is completed on the H4 TF.
Until then, fingers crossed.
Long term, I'm going long
Moving towards the top of the channelThe trend is bullish in the current timeframe, but overall it is ranging. There is an ascending channel where STX is fluctuating, showing good volatility.
The scenario involves moving towards the top of the channel, and we can aim for this movement with strong confirmations.
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.
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.
#STX/USDT#STX
The price is moving within a descending channel pattern on the 12-hour frame, which is a retracement pattern
We have a bounce from a green support area at 1.80
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
Entry price 1.84
The first goal is 2.20
The second goal is 2.45
The third goal is 2.70
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
$STX Stacks after over 50% retracement... What Next?NASDAQ:STX STACKS has recently done over a 50% retracement from an all time high of about $3.8
Current Price: $2.2
Stacks current price action is currently trying to break out of its falling channel for higher prices
Up resistances: 2.4, 2.9, 3.3, 3.6 then possibly new price discovery at 4.0, 4.4, 4.7, 5.1
A failed breakout of channel will lead to retest of support at 1.8
STX: Falling Wedge BreakoutTrade setup : Bullish breakout from Falling Wedge could signal resumption of uptrend, with +25% potential upside to $2.50 thereafter. Breakout was confirmed as price broke above $2.00 horizontal resistance and above 200-day moving average ($2.06). Stacks (STX) is a platform for scaling and building on top of Bitcoin. Read our research report.
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. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Neutral, Medium-term trend is Strong Down and Long-term trend is 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 $2.00, then $1.30. Nearest Resistance Zone is $2.50, then $3.50.
STX/USDT Breakout Alert!! This is can be bullish momentum💎 Paradisers, STX is indeed exhibiting intriguing movements that warrant close attention.
💎 Having successfully broken out of the falling wedge pattern, STX has signaled bullish momentum for its next movement. There's potential for a retest around the 2.1 to 2.0 area before resuming its upward trajectory towards the resistance zone between 2.375 and 2.51.
💎 A successful breakout above this resistance would confirm STX's return to a bullish trend in the mid-term, potentially leading to significant upward movement towards our target strong resistance area.
💎 However, if STX fails to break above the resistance and experiences a strong rejection indicated by a bearish candle, the price may retreat back to the demand area, possibly around 1.75, to gather new momentum for another attempt at breaking the resistance.
💎 It's crucial for STX to bounce from the demand area and resume its upward movement. Failure to do so, especially if STX shows weakness and sideways movement, could signal a bearish turn, particularly if the demand level at 1.75 is breached.
MyCryptoParadise
iFeel the success🌴
Stacks / STX The price of Stacks is $0.76 today with a 24hour trading volume of 250 million dollars. This represents a 12% price increase in the last 24 hours and a 160% price increase in the past 14 days
Stacks is a layer1 blockchain solution that is designed to bring smart contracts and decentralized applications to Bitcoin. These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful, including its security and stability. Stacks was initially funded by a range of prominent venture capital funds, including Y Combinator, Digital Currency Group and Winklevoss Capital. It was developed by Blockstack PBC, which has its headquarters in New York.
Next Stacks upgrade is slated for March 20th, with the larger Nakamoto upgrade planned for later this year. Stacks 2.1 can enable more efficient Bitcoin yield via Stacking, make bridges to other networks more robust, simplify the ways developers can link and trigger interactions between Stacks and Bitcoin, and lay some helpful groundwork for Subnets which can bring additional speed and scalability to the network when launched.
if you are scalper be careful because as you can see those shadows are huge and STX whales are ruthless , 0.65 is good support and opportunity for buying the dip or long
STX next targets are 0.81, 0.85 and 0.89$
STX ANALYSIS🔮 #STX Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #STX. It's a 12hr time frame breakout and it's ready for a bullish move of around 60% in coming days
💸Current Price -- $2.075
📈Target Price -- $3.217
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#STX #Cryptocurrency #Breakout #DYOR
STX/USDT Ready to Breakout From the Falling Wedge | STX Analysis💎#STXUSDT is navigating through a falling wedge and is poised to retest the channel's lower support at $1.80. We anticipate this key support level to hold firm, setting the stage for a bullish reversal that could propel the asset toward the channel's upper resistance.
💎However, if #Stacks falters and breaches below the $1.80 support, it may signal an extension of the bearish trend, steering the asset toward the next significant demand zone at $1.636. This level is known for its vigorous liquidity and history of prompting notable upward trends.
💎If NASDAQ:STX revisits this demand zone, securing a robust rebound is essential for sustaining support. Any failure to achieve this rebound could intensify bearish momentum, worsen market sentiment, and potentially trigger additional price declines.
💎Stay agile and vigilant, Paradisers. Your ParadiseTeam is diligently monitoring the market and is ready to guide you through the dynamic shifts in the #Stacks market.
MyCryptoParadise
iFeel the success
STX Accumulation / Massive Pump IncomingSTX has a perfect accumulation that just put in a spring right here. We're right near the bottom of what's about to become a massive pump. Altcoin season is in full swing and this is the next top gainer! TD Sequential has 789 on the daily and oscillators are showing daily bullish divergence.
Multi timeframes for both of positionsMonth Chart
Easily to see STX, the layer 2 of Bitcoin Blockchain which has been downing to test the ATH of 2021 around $3
Week Chart
I found the Fair Value Gap around $2.1 and I expect BINANCE:STXUSDT can hit this range before turn back to bullish trend.
Day Chart
Double Top happened and now STX is pullback to lower
Can trade at lower timeframes
STXUSDT Trade SetupThis coin is trying it level best to breakout on shorter Time Frame, if that resistance market as daily res is broken, it should fly higher than expectation.
Confluences:
1. Daily/Weekly Falling Wedge Breakout.
2. Lying on daily demand zone.
Thanks me later. Do not miss this before bull run starts.
STX Analysis: Eyeing Bullish ReversalKey Levels:
Support Level:
1.92 USDT (marked on the chart)
1.56 USDT (next major support below)
Resistance Level:
2.15 USDT (immediate resistance marked on the chart)
2.38 USDT (secondary resistance above)
3.10 USDT (projected upper target)
Current Trend:
The price is currently in a downward channel, indicated by the trend lines converging downwards.
There has been a consistent lower high and lower low pattern, characteristic of a downtrend.
Technical Indicators:
Stochastic RSI:
The Stochastic RSI is currently around 53.10, which is in the neutral zone but close to being oversold. This could suggest a potential for a reversal if it moves further down into the oversold territory (below 20).
Volume:
The volume shows some green bars, indicating buying interest at lower levels, which could support a potential reversal or bounce from current levels.
Potential Scenarios:
Bullish Scenario:
First Target: The price may attempt to break the immediate resistance at 2.15 USDT.
Next Target: If it successfully breaks above 2.15 USDT, the next resistance level to watch is 2.38 USDT.
Upper Target: A significant bullish move could see the price reaching up to 3.10 USDT, as indicated on the chart.
Bearish Scenario:
Immediate Support: The price might retest the support level at 1.92 USDT.
Next Support: If the 1.92 USDT level fails to hold, the next support is at 1.56 USDT.
Trading Strategy:
Long Position : Consider entering a long position if the price shows a strong reversal signal from the support level at 1.92 USDT, with a stop loss just below the support.
Short Position : Consider shorting if the price breaks below 1.92 USDT, targeting the next support at 1.56 USDT, with a stop loss just above 1.92 USDT.
STX - both entrys filled ✅This surge needed to correct at some point either we are going down now or we are pushing up a bit before correcting either way we should be falling in the near future and we want to place two entrys here on STX. The first entry is on the 4H FVG and the second DCA entry on the edge of the demand down below. We are using the same hard stopp on both entrys and the same target, the 12H supply zone. This target is just the first very big resistance you can hold it longer or close it before that. As always please try to think by yourself when trading and adopt your trading style and risk management to it.