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STXUSDT

Where Will the Pullback on STX End?Stacks (STX) has been one of the best-performing coins on the market this year. The token soared by nearly 500% from January 1st to its high of $1.31 only 18 days ago. However, like most cryptocurrencies, STX is now experiencing a pullback. In this analysis, we'll take a closer look at what's happening with STX and what investors can expect in the coming weeks. What is STX? Stacks is a Bitcoin layer for smart contracts, allowing decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. It unlocks $500B in BTC capital and has knowledge of the full Bitcoin state, with transactions automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower, making it difficult for hackers to re-order transactions. STX managed to break above the $1.00 resistance level that was previously identified in our analysis. However, it was unable to hold the price above this key level, so now it's coming back down. STX’s inability to sustain its price above resistance may indicate that the price level was too high for the market at the moment to sustain. Where does the pullback end? While STX is going through a pullback, the 100 Simple Moving Average (SMA) may halt the downturn. The 100 SMA acts as mobile support, preventing the price from falling below it in most cases. If the 100 SMA breaks, the next support level is around $0.50. It's essential to remember that the current pullback is a normal occurrence in the cryptocurrency market. After massive gains, most cryptocurrencies tend to experience a correction. Typically, coins that start a bull run strongly are the ones that advance the most overall. As such, investors should keep an eye on STX for the potential for another bull run coming in 2024-2025. Bottom Line: Stacks (STX) has been a high-performing cryptocurrency this year, but like all cryptocurrencies, it's experiencing a pullback. However, this is a normal occurrence in the crypto market, and investors should keep a close eye on the support levels and moving averages.
by cryptohopper
Located in an important volume profile sectionHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (STXUSDT chart) The key is whether it can be supported around 0.8395-0.9983. If it is supported in the 0.8395-0.9983 interval, 1st: 1.5327 2nd: 2.0316 It is expected to rise around the 1st and 2nd. but, Looking at the 1W chart, since the 1.2520 point has been serving as support and resistance for a long time, we need to see if we can break through this point upwards. If it falls below 0.8395, 1st: 0.6560 2nd: 0.4010 You need to check if it is supported in the vicinity of the 1st and 2nd order. The current price level is in the important support and resistance zone, so if it moves sideways in this zone, it is important whether the HA-High indicator on the 1W or 1M chart is created by a decline. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
9
Stacks (STX) set to reach $15 by January 2024After carefully analysing all the Fib tools on the hourly chart, I've revised my price prediction for $15 as the most likely scenario for this cycle, ending in January 2024. Looking at the 2 and 3-day chart, it's clear that Stacks has found reliable support at the 0.236 Fib level. Excitingly, we could see $1.57 being tested next week, paving the way for a potential all-time high. The #STXBTC trading pair is already close to reaching this milestone. Stay tuned for the chart I'll be posting later!
Long
by joerivdpol
✴️ Stacks To Hit New All-Time High?If Stacks goes to a new All-Time High it is likely that the other Altcoins will do the same. Why do I mention this? Because of the volume... Look at the incredibly high volume. Is all this buying just to sell in a few days? Or likely whales loading up knowing something we don't know? We do know the market is set to grow, we just don't know by how much. Still, this is really high volume. Be prepare for anything and everything. Just as thing can get really bad out of nowhere, by surprise, things can also get really good out of nowhere, by surprise. Just think Covid, we were all really happy an then the pandemic hit. Now, something else might show up... Yes the banks are burning but out of the ashes something good might be borne. Namaste.
Long
by AlanSantana
3
STX: Resistance BreakoutTrade setup : Price bounced off of $0.60 support and broke above $1.05 resistance where it got rejected in February. That indicates that buyers are still in control and price resumed its Uptrend. Next major resistance is around $1.75 and then $2.75. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.60, then $0.40. The nearest Resistance Zone is $1.05, which it broke.
Long
by altFINS
STACKS & BITCOIN 💎If you have been following crypto market in the last 3 weeks, you will certainly notice the crazy $STX performance, there were red days in crypto market meanwhile $STX was doing daily +10% We have seen how solid Bitcoin was during USDC depeg and during the collapse of $SIVB and Silvergate bank! SPX down while $BTC doing +20% in few days. In a nutshell, only few crypto projects will survive and more chance for those who co-exist with Bitcoin dominance, here comes Stacks. Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Looking for 3X on this one, holding above $0.5555 is my only buy-condition as this investment is for the long term. Make sure you follow me for price update alerts!
Long
by dogofallstreets
2
STX: Approaching ResistanceTrade setup : Price bounced off of $0.60 support and is again trying to break above $1.05 resistance where it got rejected in February. Wait for price to either 1) break and close above $1.05 to resume uptrend, or 2) pull back near $0.60 support for another swing entry. Fibonacci retracement levels (potential support) are $0.73 (38.2%) and $0.63 (50%). Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.60, then $0.40. The nearest Resistance Zone is $1.05, which it broke.
Long
by altFINS
STX: Pullback in UptrendTrade setup : After sizeable gains (~400% YTD 2023), price was met with selling pressure around $1.05 resistance area. Pullback near $0.60 support could be a swing entry. Momentum (MACD Histogram) has also inflected bullish again. Fibonacci retracement levels (potential support) are $0.73 (38.2%) and $0.63 (50%). Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.60, then $0.40. The nearest Resistance Zone is $1.05.
Long
by altFINS
$STX/USDT 2h (#Bybit) Rising wedge breakdown and retestStacks seems locally topped here and a retracement down to 100EMA would make sense. ⚡️⚡️ #STX/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (3.0X) Amount: 5.0% Current Price: 0.94020 Entry Targets: 1) 0.95080 Take-Profit Targets: 1) 0.76145 Stop Targets: 1) 1.07745 Published By: @Zblaba $STX #STXUSDT #Stacks #PoX Risk/Reward= 1:1.5 Expected Profit= +59.7% Possible Loss= -40.0% www.stacks.co
Short
by TradingOn