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STXUSDT

Stacks bullish outlook in focus?👀!! 🚀STX Today Analysis💎A breakout of a descending channel to the upside, and is currently trading above the Point of Control POC of the Volume Profile Visible Range. 💎This POC is acting as a support level, indicating high volume and signaling bullish momentum. 💎There's a possibility that STX might pull back to retest the trendline of the channel before moving upwards - both scenarios are on the table. 💎Additionally, STX is currently in a high demand area, further confirming the bullish outlook. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
1
✴️ Stacks UpdateThis is the same chart I shared 7-June on purpose. Notice how prices moved below the stop-loss/support just to recover even faster, within a day with high volume and a bullish engulfing candlestick pattern. The RSI is strong and supported by rising volume. When such shakeout moves take place, this is a strong bullish signal. The only reason for big market players, whales/exchanges and market manipulators to produce these shakeout moves is because everything is about to grow. So they want to shakeout "weak hands"... Are you in it for real or do you have doubts? If you have doubts you sell and quit, if you are certain you buy more and/or hold. Now that the shakeout is complete, the markets can grow. There can be more volatility and additional shakeouts, keep this in mind... No surprise, trading cryptocurrencies is tricky, the market is new and more advanced than the old ones. We have to be smart and be prepared. Diversify and plan ahead. I am wishing you tons of profits, great luck, wealth, health and abundance. I love you now and always. Thanks a lot for your amazing support. Namaste.
Long
by AlanSantana
13
STX - Stacks I believe in YouThe increase in Stacks explained: It’s unusual for a cryptocurrency to announce a 2x return in this down market. However, Stacks (STX) was able to do this in June because to a few fortunate circumstances. Although the smart contract platform and Bitcoin (BTC) are closely related, many customers consider Stacks to be a better option for their wallet. While waiting, you can wonder where to invest your money to make a similar or even better purchase. A different funding platform, VC Spectra (SPCT), which is expected to experience an exceptional 10x rise, may provide a workable solution for early blockchain and technology start-ups. Since its inception at the beginning of 2021, Stacks (STX) has given Bitcoin a new layer of usage, riding the wave of rekindled interest. The price of STX is growing as a result of several fundamental Bitcoin-related events. The main one is BlackRock’s decision to submit an exchange-traded fund for Bitcoin. Curiously, it is with the SEC, the same regulatory body that is engaged in legal conflict with Coinbase, who may serve as the ETF’s custodian. However, there is a lot of institutional interest in Bitcoin (BTC), which has benefited Stacks (STX). Other commentators have said that Bitcoin has an advantage over other currencies since the SEC views it as a commodity rather than a security. Additionally, that is advantageous for the Stacks blockchain. Stacks have increased by more than a factor of two from $0.43 to $0.88 since June 10th, 2023. In actuality, this doesn’t mean Stacks (STX) is safe. But if this trend keeps up, Stacks could eventually reach its $1.50 goal by 2023. Chart: I see 1.07 as the key all time trend line S/R level. Price will most likely do go there for a check..if that level fails price will come lower but i still see most likely the breakout happening which unlocks 2-7$. Ultimately i see STACKS in the 10-19$ range in 2025-2026 One Love, The FXPROFESSOR
Long
by FX_Professor
STX: Navigating the Ups and DownsStacks (STX), a pivotal token in the blockchain ecosystem, has been charting an interesting course. A coin integral to the functioning of the decentralized apps and smart contracts on the Bitcoin network, STX has been showing signs of volatility, encouraging traders and investors to examine its performance closely. Snapshot: Current Market Scenario As of our analysis, the price of Stacks is at 0.7078, representing a drop of approximately 4% over the past 24 hours. This indicates a recent bearish sentiment in the market. However, as seasoned traders would affirm, the tide in the crypto market can turn swiftly, and current bearish trends do not rule out a potential bull run in the near future. The Short-term Picture: 1 Hour Time Frame Analysis On the one-hour chart, we observe an RSI value at 40, a level typically regarded as the brink of the oversold territory. This suggests that we might expect a potential price reversal or at least a pullback in the near future. Confirming this speculation is the MACD reading of -0.0068, which could indicate a shift in the market momentum towards the upside. The Fibonacci Retracement, a tool used by traders to identify potential levels of support and resistance, shows 0.6988 as the 0 level, 0.7480 as the half level, and 0.7871 as the first level. These levels could play a significant role in the future price movement of STX. A volume oscillator at -18% suggests that trading volume has decreased, a trend often preceding a significant price movement. Mid-Term Prospects: 4 Hour Time Frame Analysis Zooming out to the four-hour time frame provides us a wider perspective. The RSI and MACD continue to indicate a potential bullish reversal, reaffirming the readings from the one-hour chart. The Fibonacci Retracement levels for this time frame are 0.7111 (0 level), 0.797 (half level), and 0.8829 (first level). An increase in trading volume may be required for the price to reach these levels. The Long Game: Daily Time Frame Analysis On the daily time frame, the indicators paint a slightly different picture. The RSI is sitting at a neutral 56, the MACD at 0.0358, and the stochastic is at 57, all hovering around the middle of their respective ranges. This neutrality suggests an equilibrium between buying and selling pressure, and we might be in for a period of consolidation. Fibonacci levels are also of interest, with 0.8829 as the 0 level, 0.66 as the half level, and 0.4371 as the first level. These will likely be the critical levels to watch out for in the near to mid-term. Wrapping Up To sum up, despite the recent downward movement, the technical indicators suggest a possible change in market sentiment for Stacks (STX). The divergences between the different time frame charts underline the importance of considering multiple perspectives when forming a trading strategy. The crypto market is dynamic and rapidly evolving, and while technical analysis can provide us with a roadmap, it’s important to stay abreast of the broader market news, changes in regulations, and macroeconomic factors that can impact the crypto landscape. Remember, trading always involves risks and it's crucial to trade responsibly based on thorough research and analysis. In the case of STX, a coin that plays such a fundamental role in the Bitcoin network, both the micro trends (as indicated by the hourly and four-hourly charts) and the macro perspective ( from the daily chart) offer crucial insights. The technical indicators suggest a potential upward trend in the short term, while the daily chart may indicate a period of consolidation. As always, staying tuned to market fluctuations is key in this exciting and unpredictable realm of cryptocurrency trading.
by ShawnMCR
20
Stacks emerges top gainer with 13% surge 🔋👽STACKS was a great entry for us yesterday and a very promising one for the future. 1.17 mid of ascending channel 1.795 technical resistance 2.38 end of ascending channel 19$ potential for 2025/early 2026 (where i see end of next cycle) Stacks is a blockchain protocol that leverages bitcoin’s security and state through the innovative proof-of-transfer (PoX) consensus mechanism. With this integration, Stacks seeks to enable smart contract capabilities on the bitcoin network and bolster scalability. Per data from price-tracking platforms STX, its native token, has been the biggest gainer among the top 100 assets by market capitalization in the past 24 hours. With a13% surge, STX has outperformed bitcoin (BTC) over seven times within this timeframe. Let's go STACKS! The FXPROFESSOR
Long
by FX_Professor
3
Indicators Signal Short-Term Buying Opportunity for STX (Stacks)I aspire, and expect Bitcoin to recover and resume its upward movement, with $STX ultimately closing the weekly candle above $0.84. Nevertheless, in technical analysis and trading, wishful thinking is not enough and holds no weight. The key is to identify conditions with a high likelihood of success. Presently, $STX has fallen below $0.84 and is expected to continue its downward trend for the time being. Nonetheless, there is still hope for the short term. The 'ZigZag Fibonacci Tool' has automatically mapped out several Fibonacci levels that could potentially serve as support zones in the future (see my green arrows) Additionally, the Chris Moody Slingshot tool indicates a high probability of an upward tick around $0.77. The green candle colour suggests a conservative buying opportunity at present. Furthermore, the TD Sequential countdown to 9 on the daily chart indicates a buying opportunity as it identifies turning points in asset or index price trends, printing a TD9 after nine consecutive candles above/below the previous four candles' closing price. In conclusion, although Stacks has slipped through its support zone, favourable days are expected in the short term. The current undervaluation of $STX makes it an attractive bargain.
by joerivdpol
1
STXUSDTHow do you do Crypto lovers, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for STXUSDT Here we have R2 which is our resistance area in this chart with the demonstration of the disability of the price to rise at various points. R1 used to be a support area. S1 is a 4-hour support area. And as you observe, S2 is a long-term support area at the bottom that involves the well support of price at some different points even since the past. Clearly, the price experienced a great increase after its support at S2 area and via some rejections and not being supported at higher amounts, it fell down to lower amounts and was supported at some points at S1. Then after a neutral behavior over this area, and receiving a negative Marubozu Candle with a shadow, which confirmed the high pressure of sellers there, we have its fluctuation above the first support area. Presently it is moving at this points and we expect it to give us some ranging process due to the existence of a doji candle that confirms the unstable situation of sellers and buyers in the market. After being supported here, then there would be a probability of a rise in the future. Also it is possible that the price falls below S1 via losing the support and more decline will take place then. When the price falls down to S2 after losing the support at S1, we must wait for the support and fixation of price and on its returning process, it is better to put your trade orders and then wait for more increase. According to the chart and considering the signs here, when the price is fluctuating above S1, we won’t have so much decline. So please consider the market situation in lower time frames and then decide what to do exactly. We suggest you to save your profits in the resistance areas due to the fact that in the decline of the price, you will not have so much loss. Keep moving with our updates and analyses to have multiple pieces of information and ideas. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you the best
by MarsSignals
1