STACKThe STX is currently running on a 4-hour time frame and, in my opinion, requires correction. Additionally, I have two take-profit points.
STXUSDT trade ideas
$STX - STACKS - First daily close above last cycle's ATH- Nakamoto upgrade coming next month
- showed incredible strength during the recent dips
- SEC aligned Bitcoin L2 which will give further upside as ETH might be fighting w/ the SEC over security law issues
STX (Y24.P1.Video2).We are going ParabolicHi Traders,
We have hit our ATH and hence in price discovery.
We only have elliot wave and fibonacci as our toolset to forecast levels and targets.
Really depends on what BTC does for this to play out as well.
I explain the 2 scenarios that I have as a general approach.
Please give me a like and share,
Regards,
S.SAri
STXUSDT.PHello Trader BINANCE:STXUSDT.P
too risky actually for this area because the resistance in the 4-hour area does not know whether it is valid bearish or there is noise for the resistance area.
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Disclamer: Not Financial Advice
Price on short termI'll be buying back when price reach that rectangle zone.
Not financial advice. DYOR
$STX #Stacks Trading IdeaSTX Stacks step-by-step climbs into its mountain. The main question is what breakout we will see. Is it going to be to the downside or for more upside? Full send in any direction after a breakout.
$stx Stacks still respecting Broadening wedge...NASDAQ:STX currently around the it's previous all time high of 2021
Current price: 2.7
Bearish Divergence on the daily time frame.
Retracement expected with Supports: 2.54, 2.36, 2.2
STXUSDT - Channel ContinuationI expect this up channel to maintain with these similar peak patterns within the green lines preceding the bull move
The only real question is will there be another move down to the bottom of the channel for a retest again (as shown on this chart) or will it break out straight away.
Bullish.
STX buy setupThe main structure and substructrue are bullish and we also have a liquidity pool above the chart which is expected to be swept soon.
By maintaining demand, we expect to move to TP.
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
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
STX Breakout Middle LineSTX Breakout Middle Line & Target 1 Is Middle Channel.
Stop Loss & Money Manegment & The behavior of buyers and sellers is very important
STX Idea💡 The STX chart displays a bearish wick and rejection on the daily time frame. This may result in a decrease in price
Trade entry on STXLong term analysis
STX has performed very well during the last bull run.
After a deep correction during the bear market, STX showed good signs of life (interest from market participants) from February 2023 with great price surge alongside increased volumes.
Every past golden crosses (MA crossing, see orange circles) developed into a significant upward movement in prices shortly after.
Short term analysis
After a first strong upward movement in the beginning of 2023, STX has been consolidated in a slightly descending wedge forming a bullish flag pattern.
The ABCDE count is finishing at the very top of the resistance line and the E area is almost flat.
Strategy
Buy on the break of the resistance line around 0,695$
TP0: Secure 30% at R2 level if you want to play it safe then:
Objective 1: back to the flag pole top at 1,20$
Objective 2: Weekly closed ATH at 2,40$
Objective 3: Bull flag target at 4$
Invalidation
Mental Stop: below the E consolidation bottom at 0,58$
If prices retrace to this level we will wait for the weekly closing price then set a Stop loss ¼ of Risk below the weekly close price.
Risk = distance between entry point to Mental Stop.
Let me know what you think!
Stacks : Trend ContinuationSTX/USDT DAILY CHART: Trend Continuation Long.
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Always do your own research and consult with a licensed investment professional before investing.
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✴️ Stacks Bottom + Volume = Bullish Wave (Name Your Altcoin)As promised, we are looking at the volume indicator once more.
Klaytn, Moonriver and now Stacks.
Back in late 2022 Stacks (STXUSDT) produced a rounded bottom pattern coupled with rising volume and this led to a really strong bullish wave, in fact, the strongest bullish wave since the last bull-market.
This bullish wave was followed by a long-term correction, from March 2023 through October and now the same pattern is showing up on the chart.
We have a rounded bottom pattern with rising volume, with a super strong RSI, a bullish MACD and within a strong higher low.
This all points to higher prices... For sure.
Bitcoin is already bullish and hitting new highs everyday.
When Stacks moved in January, Bitcoin also moved as well as Gold and the rest of the Altcoins market... Be prepared!
We are going strongly bullish.
Thanks a lot for your support.
Namaste.
STX! Cooling off with a nice correction before moving higher???Cooling off with a nice correction before moving higher will be much healthier.
A correction much lower than indicated is always on the table. It will simply demonstrate the strength of the trend.
A much lower correction will reveal a strong weakness in the uptrend.
PLS KEEP IN MIND! Unlocking Success in Cryptocurrency Trading: Navigating Waves, Rumors, and Market Dynamics
Please feel free to comment. Thank you. Of course, this is not investment advice :)
STX/USDT Could STX continue upward movement or Downward?💎 STX has recently captured significant market interest. Currently, STX is showcasing a positive trend, having broken through a key resistance level and now undergoing a retesting phase at a support level that previously acted as resistance.
💎 There is the probability for STX to resume its upward trajectory, aiming for the strong resistance area near its all-time high.
💎 However, should STX falter in its ascent, a reverse trend might ensue, leading it back to the support area for a potential rebound.
💎 In this crucial support zone, STX must demonstrate resilience and bounce back to maintain its upward trend. A failure to hold above this support level and a subsequent breakdown could be a negative indicator, signaling a possible shift to a bearish trend.
💎 This could lead to a downward movement towards the demand area, and potentially even to a more substantial support level. Such a development would require close observation for its impact on STX's market direction.
STXUSDT.PI think STXUSDT.P have opportunity for LONG
Because from trend line very clear
If can't break down from DEMAND ZONE you can open position for LONG
STACKS & BITCOIN If you have been following crypto market in the last 3 weeks, you will certainly notice the crazy $STX performance, there were red days in crypto market meanwhile $STX was doing daily +10%
We have seen how solid Bitcoin was during USDC depeg and during the collapse of $SIVB and Silvergate bank! SPX down while $BTC doing +20% in few days.
In a nutshell, only few crypto projects will survive and more chance for those who co-exist with Bitcoin dominance, here comes Stacks.
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.
Looking for 3X on this one, holding above $0.5555 is my only buy-condition as this investment is for the long term.
For more solid & low risk investment ideas, make sure you follow me.
STX Technical AnalaysisIf STX continues to reject the downtrend line, it will likely fall. I plan to take partial profit at the horizontal line I've drawn.
STX update(rare occasion - I post the coin and the one isn't BTC or ETH)))
STX - broke to all new high!
So, long term target is 4ish, i.e. over 30%!
Better to have 15-20% pullback to get in - it's more investing than trading.
Good Luck!
STX/USDT SPOT buy/sell zoonesMy minimal target for STX bull run is previous height above 3,66$.
I dont feel too much pressure tu buy STX becouse i bought mine at 0.5$ but if i would buy more it will be this places.
BUY
First buy zoone is a bit risky but it's the most recent and seems better than the lower one. Double green marked zoone means that this place is best of this whole area.
Second buy zoone I dont trust this zoone. Of course i will seek long in this place if the chart will form liquidity above the box but i am not that confident to set there positions with chill. I am worried about recent similiar lows (3 in this case, for me must have to push below)
Gold zoones are places that i am the most confident about future movement from this places. If price reach this place it can't rail it without any stop. But even if they look best for trades we don't have guarantee that the price will be there in near future.
SELL
Sell zoones are not easy to find there becouse this coin had big dump after release. Gold zoones above actual price defines places where Imbalances(FVG or few of them) and breaker/order blocks combine. I won't place sell orders there, i will seek for the distribution
There are two big sell zoones marked. 1st one is more real, x3 will make STX reach 30bil$ MCap which i think is real target in bull run.
STXUSDT Where Next?BINANCE:STXUSDT did some amazing moves but from my stand point, it has come to a weekly zone which is close to an all time high, I expect some consolidation within the range of 2.8490 and 2.4493 areas.
A break above the 2.8490 will trigger a continued push upward while a close below the 2.4493 just might trigger a push down-ward. Either way, I will lock in some profit while waiting for the next move.
Updates to follow...
Do your due diligence
STACK outlookOn the 1-hour time frame, Stx is reaching a resistance level that could potentially result in a significant retracement from this point. It is advised to exercise caution and remain vigilant.
