Three Rising Method on DailyIf this current daily candle closes around the current prices, it’s a valid Three Rising Method on the Daily. Very bullish.
STXUSD trade ideas
Megaphone on Daily
My previous post about the Falling Three Method has been invalidated but seems to be setting up for something far more Bullish. A Megaphone seems to be forming on the 8HR/Daily. For the next move up, there is a strong confluence around the $3.80 price target as that's the top of the Megaphone and the Fib Level 1. *Not financial advice*
[STX] STACKS could increase its price between (+%103) to (+110%)If Stacks manage to closes the weekly candle above $2,44 that is the value area high from 2024, would suggest a possibility of +100% increase in its price, it is above anchored vwap from apr 2024 high that is a good sign. The target is the fibonacci extension level 1 from oct 2023 low to apr 2024 high to aug 2024 low. Looks like it could do the same thing from the last bull run, moneyflow is decreasing a little bit but we have to keep an eye on weekly and monthly closes to see if is a possible continuation or a rejection at this level.
TARGET: $4,43 TO $4,58 up to (+110%)
$STX: Bitcoin's Trojan Horse$CRYPTOCAP:STX has continually seen slow but steady adoption. Unlike other Bandwagon coins, The Stacks ecosystem has quietly developed a faster technology with the Nakamoto Upgrade. Before, STX was dependent on Finalizing when a Bitcoin block was found. Now, A Stacks Block is mined every 5 to 10 seconds. This speeds up the process of Finalization and Paves the way for their upcoming $CRYPTOCAP:sBTC--Programmable Bitcoin.
Note how while other tokens have flat or ever decreasing Lows, STX continues to trend Higher over the long haul. Higher lows suggest slow but steady adoption.
For years, Other tokens like CRYPTOCAP:XRP and CRYPTOCAP:ADA have spent billions trying to knock Bitcoin down. Now they are claiming to be Bitcoin L2 solutions.
Stacks never claimed to be anything but an L2 solution designed directly on top of Bitcoin for Bitcoin Finality and security. It is the most decentralized and the least amount of friction. I have DCAd in between $1 and $2. Now we wait as SBTC locks in Bitcoin Liquidity for Bitcoin Defi, diirectly on top of Bitcoin.
STXUSD - 50MA Supporting the Bull MoveThe 50MA in blue shows one successful bounce this run and one that is about to prevail
from the current point at the 50MA I see price moving up a comparable amount to the previous bull run (2k%)
This also puts price within a broadening structure that I have plotted in green.
Bullish target about ~7
STXUSD - LOW COST! READY TO SOAR!resistance zone is now support,
price discovery looking to create
new support levels above ATH
3 Rising MethodI’m looking for a potential Rising Three Method to play out on the Daily. A lot of confluence around the $2.50 area. If it does not cross the recent high of $2.30 then this idea is null and void.
Just my opinion and not financial advice.
STX USD - Beautiful Chart Rocket Ship.
STX has proven to be a strong asset.
We are currently at the same as January 2022. Epic Moment for Stacks.
STACKS LongCompletion of bullish shark and clear basing structure at previous support.
This asset is worth a punt, there is a clear momentum shift occurring with the recent higher lows showcasing a shift to accumulation.
Last higher low can be used as a sl, if the asset turns back to support we will re evaluate
STXUSD is about to turn parabolic to $10.Stacks (STXUSD) has been trading within a Channel Up pattern since the December 26 2022 bottom. It is currently consolidating around the 1W MA50 (blue trend-line), coming off a Higher Low rebound at the bottom of the pattern and on the 1W MA200 (orange trend-line).
This current sideways trading is highly symmetric with the start of the previous Bullish Leg, as it is trading just below the 0.5 Fibonacci retracement level. At the same time, the 1W MACD has been on a Bullish Cross for a month now and the last time it formed a Bullish Cross (October 16 2023), was right after the previous Higher Low and before the 0.5 Fib consolidation.
Once the 0.5 Fib broke, the price aggressively rose on the Bullish Leg and formed a Higher High at the top of the Channel Up, right below the 2.0 Fib extension. As a result, we expect STX to reach at least $10.00 by the end of Q1 2025.
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You're underweight $STXCOINBASE:STXUSD looks primed on the charts to revisit ATHs soon. I think this play is somewhat obvious, since this token/ecosystem is tightly coupled with CRYPTOCAP:BTC itself, and we all know CRYPTOCAP:BTC is likely headed to ATHs soon.
The last time COINBASE:STXUSD broke above the Ichimoku Cloud in a significant way, it carried up very healthily-- around 450%. It was also recently listed on a new exchange, and that just means more buy pressure as risk assets like CRYPTOCAP:TOTAL3 are looking like the bottom for alts is clearly in.
What do you think of this trade set up? I don't think a lot of people have considered it yet, as a hold for the impending bull. Could be a great RR
www.tradingview.com
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 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.
CTRL+ALT+DELETEIts time to put the power back in the peoples hands.
#BUY #BUY #BUY
**USE PROPER RISK MANAGEMENT**
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.
Stacks Setup $STXI feel like Stacks is setting up well on the Daily. I would normally use the Weekly chart, just don't have enough history there yet for my liking.
I like the premise of the project, and the layer two/beta type player on Bitcoin. I also think it's a new enough project that it could catch a 'narrative' run.
I'm seeing a mini-breakout at the moment. I'm looking for a bullish TK Cross and a close in the Daily Cloud to really get me excited.
KRAKEN:STXUSD BYBIT:STXUSDT
STX: Stacks on the way to $5+? Altcoin Elliott Wave AnalysisSTX: I have readjusted the chart after the recent pullback and will follow primarily the white scenario of a large ABC structure (altcoins often form 3-wave tops), with possible upside targets in the $5.51-$11.94 zone, as long as the $0.95 support level holds.
STX 3x from here in 3-4 months possibly ??? If histroy rhymesHere is the bullish case for STX crypto
The timing will be interesting to see if It can repeat the channel and deliver the 3 x by Nov 11 ish 2024
Is the crypto bull reasserting itself ?
Study the chart lots going on here
This is not investment advice only in theory for educational purposes
STXUSD Bottomed is in. Expect $10.00 by early 2025.Stacks (STXUSD) has been trading within a long-term Channel Up pattern since the December 30 2022 Low and is currently on the 2nd Bearish Leg of this pattern. Being below the 1D MA50 (blue trend-line), it is approaching the Channel's bottom.
The previous Bearish Leg formed the Higher Low sideways, so it is possible to replicate this structure and confirmed the new Bullish Leg after it broke above the 1D MA100 (green trend-line). Note that STX priced its Higher Low on the first decline after the formation of a 1D Death Cross and we are currently past that on the new Bearish Leg.
As a result, with the 1D MACD also printing the same bottom sequence as the previous Leg, we turn bullish again, targeting 10.00, which just below the 2.0 Fibonacci extension (similar to the previous Bullish Leg) exactly at the top of the Channel Up.
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Time to scale in.... STXRetracement is near completion. BTC sweeping the lows @ 58k. I could still see 1.25 in play for #STX but now would be a good time to stock up on STX while its on sale. Im targeting a couple levels between 5.50 and 10.00 with a mid point around 7.00 Again just my thoughts
Lets stack up on Stacks.....
(STX) Stacks "long running trend"The trend lines on Stacks have not crossed for a long time, about a half a year. Image indicator offers a view of no red line connecting the moving average lines. blue dotted lines representing time on a floating axis to replicate those pesky triangles people draw only these triangles are based on the information inside the chart. I draw the dashed lines previously and have those lines matched up with the indicator.
Stacks (STX)Stacks started its upward impulse wave sooner than others. Back when a harmonic pattern ended and price settled on 0.618 Fibonacci level, STX started a strong upward wave. After a 500% growth, corrective wave started. Now it seems STX posed for continuation. Let's see what happens.
