STXUSDT SHORT TERM BULLISHSTXUSDT after bullish divergence on hourly has broken the last lower high and we have taken our long entry with price targets
STXUSDT.P trade ideas
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.
STX is about to start a new wave and targeting 30% to 90%it touched the uptrend support and near to 0.618 fibo level
we can buy between 0.81 to 0.82.5
we have two targets
1.11
1.57
Stop loss at 0.79/0.78
rebuy at 0.69 if it hit stop loss
then sell at 0.78
Good Luck
STX time to fly "Long", looks very pureHello there...
what we see hre in STX that the price over the bottom trendline, and we will get profits atleast 40% withen next few weeks, so thunk and becarfull before you start open position,
trade save and good luck
#STXA long position can be used to pullback to the upward trend line and complete the head and shoulder pattern, as well as forming a stop in the current range.
STX/USDTSTX is starting to look like it will break down soon.
It already broke down from the distribution range and now I'm expecting expansion.
It held up pretty well last few weeks, so I'm expect it will go down pretty hard when panic steps in.
My main target is at $0.345. Will sell and compound on the way down.
#STXSuspect of forming a head and shoulders pattern to complete the pullback. It can be a corrective wave 2 for the ascending wave 3 and complete the pattern
Elliot Wave STXUSDT could be flying to complete the Elliot wave count, so its one to look out for as it has high volatility, i have mapped out the support and resistance levels clearly and its possible stops, lets keep an eye for BTC movement and fundamental news
STXUSDT IN A BEARISH FLAG PATTERNSTXUSDT is forming a bearish flag pattern and on a break of Flag pole towards downside can give us a good entry for a short position.
Deviated above nasty bearish weekly candle $0.6 to be tested in coming weeks, I keep the chart simple, no complex chart even kids can read it
#STX Diagonal Ending PatternIt is moving according to the daily analysis provided. The diagonal ending pattern is broken and pulling back. The range of 1.062 should be considered for breaking the structure and short position.
STX StacksBetter take a profit if you are in. Rsi is super high, like 2021. Cannot lose the trend line who beginning in 2020. Could drop to 0,60 or nuke to 0,25 or 0,1250.
Not financial advice, just one idea, don't follow me.
Located in an important volume profile sectionHello?
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(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.
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** 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.
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#STX The end of the full cycle in the Diagonal Ending patternA full cycle has been completed, and after exiting the pattern and pullback, it enters the sell position.
STX/USDTvery similar to how the CFX chart pumped, orange line is support must hold, potential 30% pump here
STX DOUBLE PLAY - Preparing for anythingcurrent entry is at 1.0977
took profit already so now letting the rest ride. if it breaks and retests then ill add more.
if it breaks, false brekout, ill open up a small margin short and then see what happens
playing both sides
what is your plan?
Daily Demand Zone STX Either charging for another rip up ahead of FOMC
or we are stalling out here
Just something to take note of
STXUSD ❕ inverted hammerThe price formed a reversal candlestick pattern on the peak.
Volatility and trading volumes have declined.
The asset will continue to decline after fixing under the support level.
