STACKS looks likely to move down | Bitcoin STXBTC
Stacks STXBTC looks likely to pull back toward it's VWAP fair value as Bitcoin profit taking continues.
STXBTC
The daily candle for STXBTC has fallen below the short-term VWAP over-bought line and is bouncing off of the trendline as support. The trendline is also the same level as the long term VWAP over-bought line.
Look for the price of STXBTC to bounce between these two levels until it breaks in a direction.
MACD look very bearish for the short term making it appear likely that it tests the short-term VWAP fair value (white line) around .00003000.
If it fails to hold the short-term white VWAP line, look for it to fall even more and test the long-term VWAP fair value line around .00002500
STXBTC The daily candle for STXBTC has fallen below the short-term VWAP over-bought line and is bouncing off of the trendline as support. The trendline is also the same level as the long term VWAP over-bought line.
Look for the price of STXBTC to bounce between these two levels until it breaks in a direction.
MACD look very bearish for the short term making it appear likely that it tests the short-term VWAP fair value (white line) around .00003000.
If it fails to hold the short-term white VWAP line, look for it to fall even more and test the long-term VWAP fair value line around .00002500
Note
Update and closer look at the 30 min
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.