STXUSDT trade ideas
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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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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!
✴️ 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.
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.