Stacks (STX) Bag Bull Run 2024Stacks (formerly Blockstack) 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.
Unique features of Stacks:
Besides regularly storing a hash of the Stacks blockchain on Bitcoins, many of the node participants in the blockchain will receive rewards in BTC.
All transactions on the Stacks layer are automatically hashed and settled on Bitcoin.
STX is the native token of the project. The current use cases for STX include:
Governance: Stacks is a fully decentralized ecosystem where all governance occurs with STX holders. Anyone can contribute to open source through working groups.
Stacking: A way to support the network’s security & consensus by temporarily locking STX and earning BTC. BTC is a core component of Stacks Mining. Miners earn new STX from inflation and they pay to participate in BTC.
STXUSDT trade ideas
STX Price TrendAt present, the price is positioned within the range delineated by the resistance box. Should positive and ascending patterns emerge in this region, it is anticipated that the price trend of STX will shift into an upward trajectory.
Conversely, if the price breaches and falls below the base of the box, it is projected to descend further, potentially reaching the lower boundary of the ascending channel.
(All analyses will be updated)
This analysis is informational, not financial advice. Good luck!
STX - 4H - Ready for approx. 40% price increase to $2I just received a buying signal from the Redk Everex indicator on the 4H time frame and see that STX is ready to break out a Falling Wedge pattern. With no resistance levels on the 4H time frame, STX can possibly increase directly with 40% up to $2.
If the sentiment is strong enough STX could increase further up to $2,50 or even $3.
$STX Stacks Rising Channel... Move Up or Down!NASDAQ:STX Stacks has been on a tear upwards for weeks. Price Action has formed an Ascending Channel.
Current Price: $1.97
A break above the channel will lead to higher prices, Resistances above: 2.17, 2.38
Else Price will retrace to previous Supports: 1.80, 1.66, 1.43
Sell STXUSDT
The bullish momentum appears to have waned, evidenced by the emergence of a lower high and lower low, and a bearish divergence. Should the STXUSDT fall below the 1.65 mark, it would signal a shift in the technical bias towards the downside. Notably, on the downside, crucial horizontal line support is situated within the range of 1.44-1.46.
STX is one of the best performing high-caps. Buy now?STX is a very important coin for Bitcoin. STX is a Bitcoin Layer for smart contracts. Why do I think you should buy this coin? We have to take a look at the price action first. We see that we have multiple similar swings high at around 1.75, which is a very bullish sign. From the Elliott Wave perspective, we see that we have a strong combo of (1)(2)(1)(2). The previous all-time high is the next stop, but I believe we will go much higher this year. You can hold it for the long term as well. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
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.
Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.
Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time.
All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
$STX on BTC halving yearSTX brings a lot of improvements this year, that could start more demand, the Nakamoto Upgrade will bring more speed on Transactions and lower fees, the blooming #Bitcoin ecosystem will be the hype of the bull market IMO
The Nakamoto upgrade will bring more Defi and new tokens, maybe airdrops, hyped NFTs... etc etc
All of this creates demand that will be felt on price increase or small correction, so i am expecting at least $1,20 as retrace, if we gets closer to a dollar it will be realy good...
STX ANALYSIS🔆#STX Analysis : Channel Following ⛔️⛔️
As we can see that #STX is following ascending channel on 4h time frame. We can see a bullish formation here. And if it trade with good volume then we can see a proper bullish move in #STX📈📈
🔖 Current Price: $1.9390
⏳️ Target Price: $3.2102
⁉️ What to do?
- Keep your eyes on the chart, observe trading volume and stay accustom to market moves.🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#STXAnalysis #Cryptocurrency #ChartPattern #DYOR
Stacks STX price has entered powerful liquidity zone, what next?The STXUSDT price has entered a powerful liquidity zone - the global highs of 2021.
Now, you should be careful with Stacks longs, as there has already been a redistribution of capital and a trend change in the $1,75-2.50 range twice.
A confident medium-term STX long is possible either when the price is firmly established above $2.50 or after a correction around $0.90.
The global target for the STX growth wave is $8.50-10.50, the only question is whether it will be a blue or white route?
$STX to 190 USDT ??With all this ETF Hype, Bitcoin and his blooming new ecosystem, flourishing aroun him, the Altcoin with the most upside potential is Stacks, STX enables on the Bitcoin Blockchain, all the Ethereum features like Dapps, Defi, NFTs and more...
we have the oportunity to own Rare Sats now, fragments of bitcoin the were mined by Satoshi Himself, and transactd to the late, and great, Hall Finney back in 2009, among other rarities, i have stacked mines...
NASDAQ:STX could go 100x this time, it's only warming up!
look at this weekly volume, MASSIVE!!!!
believe me, this kinda accumulation is poised to explode!
📈💹 STX Market Update 🌐💰📈 Strength in Performance:
Unlike other altcoins that experienced corrections, STX has shown remarkable resilience.
Quick recovery from the recent dip indicates a potential strong performance in the coming days.
🚀 Buyer Dominance:
Despite heading into a resistance area, buyers seem to be in control.