STX USDTSTX is currently in a bearish trend and has been moving within a descending channel for approximately 157 days. The chart clearly shows the price making lower highs and lower lows, respecting the boundaries of this channel.
At the moment, the price is positioned near a critical juncture where it could potentially break out of this descending channel, signaling a reversal. For a bullish move to occur, STX must break above the channelโs upper boundary. This resistance has acted as a barrier to the price, preventing any significant upward movement.
STXUSDT trade ideas
Stacks Pre-2025 Bull-Market Accumulation Zone & StrategyFor Stacks, let's consider the action in early 2023 first.
There is always a consolidation period between major waves.
1) Bullish-wave.
2) Correction.
3) Accumulation (consolidation period).
Chart:
Now let's consider present day; 2024.
I am doing mainly two things here: (1) Showing you how the market works and (2) supporting my thesis regarding what will happen next in the crypto market.
Chart:
1) Strong bullish-wave.
2) Strong correction.
3) Accumulation phase (consolidation period before any new and strong bullish action).
Due to the strength of the previous bullish wave the accumulation phase can be longer for this pair. This is just a potential and doesn't necessarily need to happen but the dynamics are not the same here as for a pair which produced minor growth in late 2023/early 2024. This pair might not go to new highs or might outperform the entire market again. We don't know at this point in time how those that moved strongly last year will perform next year. See the XRP Pre-2025 trade for additional information on this point.
What we know for sure is that the market never moves in a straight line and is never in a hurry. And even with these uncertainties we can still define an accumulation zone, which is the most important part at this point in the market cycle.
What happens if the market runs and everything starts growing instantly 1,000,000% while we wait for the accumulation phase? Nothing. We let go of it and move smoothly to the next pair/chart, the one right next to it. If it runs faster than you can catch it, it means it was not meant for you. But it never means that you need to FOMO or hurry, but, opportunities are endless. In fact, there are so many good opportunities that it is impossible for you to take them all.
Let's go back to our usual schedule.
Let's remove all doubts and uncertainty.
The cryptocurrency market is booming. Bitcoin is growing.
Bitcoin and the cryptocurrency market continues to mature, it continues to evolve.
The amount of action, the number of participants, the amount of capital now available within the market is much bigger than in years past and it is only set to grow bigger and wider. It is set to get better as more and more countries open up to crypto and all the many benefits this incredible technology has to offer.
If Stacks did great last year, with less capital and attention, it can do even better in the future. We will go with the bullish bias. Crypto has been in a very strong growth trend every forever. There is absolutely no reason to assume it will be different this time around specially when the legislative and political situation around world is only improving for this sector of the financial industry. Do we agree on this point? Crypto-bullish!? Sure, or else you wouldn't be reading this.
Stack's new All-Time High potential in 2025/26 can reach as high as $10 based on current data and simple Fibonacci extension projections.
The key factor as to how inflation will affect our price projections can be completely ignored. All we need to do is buy low to sell high. Buy and hold focusing on the long-term. Tracking such details can become a waste of time and energy. Imagine, just 100% profits is great if you compare it to any other type of venture, anywhere period. Which means that 200% is even better and 300% is absolutely insane. When we aim for winnings such as 10X and higher, we don't need to worry about petty details and that's the purpose of the long-term strategy, i.e., peace of mind.
A short-term trader needs to consider such nuances as fees, commissions, slippage and what not, because they are focusing on a 1% move. When you look at the bigger picture, you only have to focus on your life and instead of having to follow the market you let the market take care of you.
There are many ways to approach the financial markets. And each and every successful trader uses a different method. So do what works for you. There are not two highly successful traders that do exactly the same, everybody has their own way and that's the way it is.
Stacks has been going down for four months. We can expect 3-6 more months before a new trend develops and this trend ought to be an uptrend because we are already experiencing a downtrend. The uptrend is defined as higher highs and higher lows. We want to ride the entire wave all the way to the top.
Sell high after buying low.
โ Buy low โQ3/Q4 2024.
โ Sell high โlate 2025.
Easy, isn't it?
Get ready for the most profitable bull-market of your life.
Namaste.
STXUSDT: Previous Resistance Acting as Strong SupportSTX technical analysis update
STX's price is bouncing from its major support level, with the previous resistance now acting as strong support. Above this support zone, the price has formed a descending channel and is currently trading within it. The price is now moving toward the channel resistance, potentially setting up for a breakout.
Regards
Hexa
STX NEW UPDATEFrom the data we have on the chart, we can identify a larger pattern for STX.
It looks like a larger correction pattern like the diametric is forming. This correction has started from where we placed the red arrow on the chart.
The price has reached a SWAP resistance range.
The F wave can end around here after a while.
G wave can have two targets ahead.
I marked the best place for rebuy on the chart.
Closing a candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Potential Bullish Trend for Stacks (STX/USDT)#STX/USDT #Analysis
Description
---------------------------------------------------------------
+ The chart shows a strong ascending trendline acting as support, originating from the low in mid-2022. This trendline has been respected multiple times, indicating its significance.+
+ The price has broken above the previous resistance zone around $1.90, now acting as a support level.
+ The next major resistance zone is between $3.80 and $4.50, which was previously a strong support zone before the price breakdown in mid-2021.
+ The EMA 100 (blue line) is currently acting as dynamic support, aligning with the ascending trendline and providing additional support to the bullish case.
+ If the price holds above the ascending trendline and the $1.90 support zone, we can expect a retest of the $3.80 - $4.50 resistance zone.
+ A successful breakout above this resistance could see the price targeting the next psychological level around $6.00 and potentially higher to $7.50
+ The RSI is currently at 46.92, which is neutral but showing signs of potential reversal from the oversold region. If the RSI moves above 50, it would support the bullish momentum.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: $1.587
Stop Loss: around $1.20
------------------------------
Target 1: 2.660
Target 2: 4.050
Target 3: 6.00
Target 4: 7.5
------------------------------
Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
STX Fundamental Analysis : Inflation vs PriceDetailed inflation analysis of STX reveals significant insights into its price action.
2020 - 2021 : During the previous altseason, STX surged by an impressive 3200%, followed by a -78% correction.Subsequently, it experienced a 400% pump, forming a double top, before entering a bear market with a -92% decline. In this period, 60% of the max supply was introduced into the market.
2022-2024 : In this period, only 10% of the max supply was injected , indicating that the dramatic price pumps, dumps, and accumulation phases during this period were not driven by inflation but rather by large stakeholders, or "whales" .
Now : Observing the current double bottom formation near a key level, with similar correction patterns(~64%), it suggests that whales will likely push the price upward towards and target a $5 billion market cap . Inflation is expected to be around 1-2% , sufficient to propel the price to a new high that will trigger a bearish divergence, potentially leading to a -90% correction as the bear market ensues.
$stx Stacks over 60% retracement ...NASDAQ:STX Stacks has retraced by over 60% from an all time high of $3.8. Low Risk Buy!
Current Price: $1.60
Stacks current price action is currently in a huge falling wedge!
Up resistances: 1.8, 2.4, 2.9, 3.3, 3.6 then possibly new price discovery at 4.0, 4.4, 4.7, 5.1
STX Potentially BullishNASDAQ:STX is still attempting to reclaim the bullish momentum and so far, the 1.760 zone (Previous Resistance now turned support) seems to be holding. A further bullish push just might lead the start of another bullish push.
This does not completely rule out the possibility of another dip in the market. As long as the now found support holds, the bulls will take the lead otherwise, the bears will dominate. I will keep an eye on this closely. Expect updates on #STX as market reveals itself more.
STX Technical AnalysisThe STX/USDT pair analyzes daily price activity and provides major support and resistance levels, trend lines, and key zones of interest. This comprehensive review gives useful information for both traders and investors.
Daily Resistance Zone
The chart shows a strong resistance zone in the Purple area at the upper limit. This zone has consistently stopped upward price movements, indicating significant selling pressure and indicating that it is a critical level for bulls to cross.
Key Resistance Levels
Several resistance levels have been found, including $3.078, $1.959, Blue zone at $2.379 - $2.445, and Green zone at $1.833 - $1.726. Historically acted as barrier, keeping the price from rising. The price reactions at these levels indicate how important they are in the overall market structure.
Descending Channel Trend Lines
The chart shows a descending channel with lower highs and lower lows. The upper boundary of this channel acts as dynamic resistance, while the lower limit provides dynamic support. The price movement within this channel represents the existing downturn, and any break from this pattern could indicate a major change in market sentiment.
Crucial Support Zones
Several support zones are marked, each representing a region where buying interest has previously occurred. The key levels are $1.561, and $1.388, and the monthly support zone in Yellow at $1.162 - $1.282. The Yellow zone has been identified as a strong support level. This monthly support zone indicates a higher level of buying interest. The price has bounced recently from this zone.
Daily Support Zone
A daily support zone has been identified in the Pink at $0.938-$0.989 area. If the price continues to fall, this area might serve as a solid support, offering a potential floor for buyers.
The current price actions of STX show an overall downtrend within a decreasing channel. As the price approaches key support levels at $1.561 and $1.388, these levels will be critical in determining the next directional move. Holding above these support levels may result in a positive reversal move, especially if the price breaks out of the decreasing channel and surpasses the upper resistance levels.
Failure to maintain support at these important levels, on the other hand, might lead to further drops, with the next major support region being the monthly support zone Yellow at $1.162 - $1.282. If the price drops further we might see it to the next daily support zone inPink at $0.938 - $0.989. Traders should keep a careful eye on these key levels for potential trading opportunities, as a breakthrough above the channel trend line and resistance levels could signify a move to bullish momentum, but a breakdown below the support zones might indicate sustained bearish pressure.
#STX/USDT#STX
The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in green at 1.25
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount
Entry price 1.36
The first target is 1.66
The second goal is 1.91
Third goal 2.20
STX is one of the best coins now...Why? Because it follows BTC so well.
If BTC pumps, STX will also perform well, saving and growing your portfolio. Additionally, it is a fundamentally solid project.
Targets are on the chart.
Invalidation: if the price stays below $1.30 and fails to reclaim it.
Long-term hold until May 2025.
Stacks Crypto Breakout: Must-Watch Resistance and Support LevelsBINANCE:STXUSDT has shown notable upward momentum in recent trading sessions, with closing prices rising consistently. Closing prices have progressed from $1.508 to $1.65, indicating a strong bullish trend. Meanwhile, the 9 Exponential Moving Average (EMA) is currently at $1.5437, while the 20 EMA stands at $1.4816. The positioning of these EMAs suggests that the shorter-term trend is outpacing the longer-term trend, reinforcing the bullish sentiment.
Concurrently, the Moving Average Convergence Divergence (MACD) further supports this bullish outlook. The MACD line has remained above the signal line, with the histogram displaying positive values, highlighting strong upward momentum. Currently, the MACD histogram is at 0.0316, reflecting increasing buying pressure.
Relative Strength Index (RSI) values have surged from 64.65 to 77.09, indicating that STX is approaching overbought territory. This suggests that while the bullish trend is strong, traders should be cautious of potential pullbacks or consolidation phases.
Key levels to watch include immediate resistance at $1.657. A breakout above this level could propel the Stacks crypto price towards the next resistance points at $1.675 and $1.69. These levels are critical, as a successful breach could signal continued upward movement and potentially attract more buyers.
On the downside, support levels are observed at $1.635 and $1.621. Should the price retrace, these levels could provide strong buying opportunities. A further drop might see support at $1.605, which could be crucial in maintaining the overall bullish structure.
For traders looking to capitalize on this trend, potential entry points for long positions could be around the support levels at $1.635 and $1.621, with exit targets set near the resistance levels at $1.675 and $1.69. Conversely, short traders might consider entries near the resistance levels, with exit targets at the immediate support zones to capture potential pullbacks.
In conclusion, the technical indicators for STX on the 4-hour chart exhibit a predominantly bullish outlook. Traders should monitor key resistance and support levels for potential entry and exit points to maximize their trading strategies.
STX Daily Analysis: Anticipating a Breakout๐
Let's dive into today's analysis in the crypto market. Today's coin is STX, one of the coins that gave significant returns during Bitcoin's surge from 16k to 73k. We won't analyze Bitcoin today since I will provide a complete analysis of Bitcoin tomorrow.
๐ Analysis of STX
Project Overview
STX is a layer-2 solution for Bitcoin, similar to other layer-2 solutions, it increases network speed and reduces transaction fees. Additionally, STX provides infrastructure on the Bitcoin network for building decentralized applications (DAPPs). Many well-known DAPP projects use this platform and protocol for their infrastructure.
๐ฒ Chart Analysis
The analysis is conducted in the daily time frame. As you can see, STX had a powerful upward trend and, after reaching the resistance of 3.686 and concurrently with Bitcoin reaching its peak of 73k, it started to retrace. This retracement has been marked by a curved trendline and a trendline from the price bottom, leading the price down to the 1.316 area.
๐งฉ Key Support Level
The support level at 1.316 is quite strong. It is significant not only from a price action perspective but also because it coincides with the 0.5 Fibonacci level, adding to its importance.
๐ Volume Analysis
During the last upward wave from 1.316 to 3.686, the volume of green candles began to decrease, indicating a weakening trend that was visible on the chart. After this, and during the correction phase down to 1.316, the volume continued to decrease, suggesting that traders did not engage in buying within the range of 1.316 to 3.686. This indicates that the resistance at 3.686 is not very strong, and the price is likely to test this area again.
๐งฒ Trendlines and Breakout Scenarios
The trendlines that have brought the price down from 3.686 to 1.316 are nearing their end. The price will soon break either the upper or lower trendline. If the curved trendline is broken and its trigger is activated, the price could rise back to the 3.686 peak with a significant influx of buying volume. Conversely, if the trendline from the price bottom is broken, there are two potential scenarios:
If selling volume enters the market and Bitcoin loses its 55k support, we can expect a strong bearish momentum. Breaking the 33.44 support on the RSI can confirm this momentum entering the market.
If the trendline is broken but Bitcoin maintains its support and selling volume does not enter the market, we might see the bearish trend exhaust, and the price could move back above the 1.316 support level.
๐ฅ Bitcoin's Influence
The reason Bitcoin's support and resistance are crucial for this coin's movement is that STX is a layer-2 solution for Bitcoin. Layer-2 projects generally have a high correlation with their primary projects. Additionally, with Bitcoin's dominance at 54%, Bitcoin naturally influences all altcoins, especially one that serves as a layer-2 solution for Bitcoin.
๐ Buying Strategy in Spot
The safest trigger for buying this coin in the spot market is 3.686, which is the all-time high (ATH) for this coin. If the price stabilizes above this level, it could move towards new targets. However, this trigger is 130% away from the current market price, which is quite a distance. Until the price reaches 3.686, there are other triggers that, upon stabilizing above these levels, the price could move upwards. Naturally, these triggers are riskier than 3.686, and the probability of hitting a stop loss is higher. The first trigger is 1.801, which is the peak of the Low Wave Cycle (LWC). Since the price is in a High Wave Cycle (HWC) uptrend, you can consider entering in the LWC. The next trigger for buying is 2.422, which is the MWC resistance. After breaking and stabilizing above this area, we can move towards the 3.686 peak.
๐ Conclusion
STX, a layer-2 solution for Bitcoin, is currently at a critical support level of 1.316, which is significant both in price action and Fibonacci terms. With decreasing volume indicating a potential test of the 3.686 resistance level again, traders should watch for key breakouts and Bitcoin's influence on the market. Considering the triggers and support levels mentioned, strategic entries can be made with proper risk management.
๐ง ๐ผ Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2.
๐ซถ If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
STX ANALYSISSTX's bearish structure is well visible
We have liquidity pools at the bottom of the chart.
We have a supply range that we considered as a POI.
If the price reaches this supply, we will look for sell/short positions
We will also look for buy/long positions in the demand range.
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Trade Setup: STX Double Bottom FormationMarket Context:
STX has shown a significant rally of 200% the last time it touched this support level. With the price forming a double bottom and BTC expected to rally, this presents an opportunity for both a spot position and a shorter-term trade.
Trade Setup:
Entry: Enter a trade at $1.37.
Take Profit: Set profit targets at $1.80 and $1.98.
Stop Loss: Place the stop loss at $1.16 (on a daily close).
๐ Monitor BTC's performance closely and adjust your strategy as needed! #STX #CryptoTrading #DoubleBottomFormation ๐ฏ