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Stacks

STX: Falling Wedge BreakoutTrade setup : Bullish breakout from Falling Wedge could signal resumption of uptrend, with +25% potential upside to $2.50 thereafter. Breakout was confirmed as price broke above $2.00 horizontal resistance and above 200-day moving average ($2.06). Stacks (STX) is a platform for scaling and building on top of Bitcoin. Read our research report. Patterns : Falling Wedge Usually results in a bullish breakout . When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Neutral, Medium-term trend is Strong Down and Long-term trend is Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $2.00, then $1.30. Nearest Resistance Zone is $2.50, then $3.50.
Long
by altFINS
Stacks / STX The price of Stacks is $0.76 today with a 24hour trading volume of 250 million dollars. This represents a 12% price increase in the last 24 hours and a 160% price increase in the past 14 days Stacks is a layer1 blockchain solution that is designed to bring smart contracts and decentralized applications to Bitcoin. These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful, including its security and stability. Stacks was initially funded by a range of prominent venture capital funds, including Y Combinator, Digital Currency Group and Winklevoss Capital. It was developed by Blockstack PBC, which has its headquarters in New York. Next Stacks upgrade is slated for March 20th, with the larger Nakamoto upgrade planned for later this year. Stacks 2.1 can enable more efficient Bitcoin yield via Stacking, make bridges to other networks more robust, simplify the ways developers can link and trigger interactions between Stacks and Bitcoin, and lay some helpful groundwork for Subnets which can bring additional speed and scalability to the network when launched. if you are scalper be careful because as you can see those shadows are huge and STX whales are ruthless , 0.65 is good support and opportunity for buying the dip or long STX next targets are 0.81, 0.85 and 0.89$
Long
by moonypto
20
STX/USDT Ready to Breakout From the Falling Wedge | STX Analysis💎#STXUSDT is navigating through a falling wedge and is poised to retest the channel's lower support at $1.80. We anticipate this key support level to hold firm, setting the stage for a bullish reversal that could propel the asset toward the channel's upper resistance. 💎However, if #Stacks falters and breaches below the $1.80 support, it may signal an extension of the bearish trend, steering the asset toward the next significant demand zone at $1.636. This level is known for its vigorous liquidity and history of prompting notable upward trends. 💎If NASDAQ:STX revisits this demand zone, securing a robust rebound is essential for sustaining support. Any failure to achieve this rebound could intensify bearish momentum, worsen market sentiment, and potentially trigger additional price declines. 💎Stay agile and vigilant, Paradisers. Your ParadiseTeam is diligently monitoring the market and is ready to guide you through the dynamic shifts in the #Stacks market. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise_Simon
Stacks (STXUSD): Balanced Strategy for a Solid UpsideFor Stacks (STXUSD), we see a Fair-Value Gap (FVG) on the weekly chart, along with similar gaps on the three-day and daily charts, plus a demand zone below. Our plan is to use these weekly FVGs and the demand zone for Dollar-Cost Averaging (DCA) entry points if the price drops to those levels. We see $1.31 as the maximum downside. On the upside, we aim to reclaim the recent high, with resistance around the three-day gap at $2.64. We're pretty confident that with a well-placed stop-loss, this setup offers a solid chance to build a long swing position. This strategy provides a balanced risk-reward scenario, allowing us to take advantage of potential upward movements while effectively managing the risks. Looking at the annual VWAP for STX, it's crucial because this year's VAL (Volume-Weighted Average Price Low) could act as support, which aligns with our planned entry in the orange zone. This point could be pivotal for holding and supporting STX's price action. On the upside, the annual VAH (Volume-Weighted Average Price High) will serve as resistance. If we flip this level, it could then become support, opening up significant upward potential. While the timing is uncertain, we're ready to see how the price action unfolds, barring any unexpected news. On the quarterly chart, we see a clear picture. Our worst-case scenario is the 2024 Q1 VHL (Volume-Weighted Average Price Low) at $1.56, which is our downside limit. We expect this level to serve as resistance, and currently, we're struggling to surpass it. However, we're focusing on the 2024 Q1 VAL as our critical support, marking it as our worst-case scenario. Overall, breaking through the 2024 Q1 VHL is challenging, but our strategy considers this level, ensuring we're prepared for potential downside movements while aiming for upward targets. Lastly, the monthly chart for STX is more complex. We have the February VAL and January VAH below us, which have acted as support multiple times. If we lose these support levels, they might turn into resistance, possibly causing a reversal before or at the January VWAP. Our first resistance on the way up will be the April VAL of $2.42. There are several resistances to navigate, making it crucial to move carefully. Despite this, we expect a trend reversal soon, but the key question is whether the market will shake out a few more participants before turning upwards.
Long
by freeguy_by_wmc
STX Analysis: Eyeing Bullish ReversalKey Levels: Support Level: 1.92 USDT (marked on the chart) 1.56 USDT (next major support below) Resistance Level: 2.15 USDT (immediate resistance marked on the chart) 2.38 USDT (secondary resistance above) 3.10 USDT (projected upper target) Current Trend: The price is currently in a downward channel, indicated by the trend lines converging downwards. There has been a consistent lower high and lower low pattern, characteristic of a downtrend. Technical Indicators: Stochastic RSI: The Stochastic RSI is currently around 53.10, which is in the neutral zone but close to being oversold. This could suggest a potential for a reversal if it moves further down into the oversold territory (below 20). Volume: The volume shows some green bars, indicating buying interest at lower levels, which could support a potential reversal or bounce from current levels. Potential Scenarios: Bullish Scenario: First Target: The price may attempt to break the immediate resistance at 2.15 USDT. Next Target: If it successfully breaks above 2.15 USDT, the next resistance level to watch is 2.38 USDT. Upper Target: A significant bullish move could see the price reaching up to 3.10 USDT, as indicated on the chart. Bearish Scenario: Immediate Support: The price might retest the support level at 1.92 USDT. Next Support: If the 1.92 USDT level fails to hold, the next support is at 1.56 USDT. Trading Strategy: Long Position : Consider entering a long position if the price shows a strong reversal signal from the support level at 1.92 USDT, with a stop loss just below the support. Short Position : Consider shorting if the price breaks below 1.92 USDT, targeting the next support at 1.56 USDT, with a stop loss just above 1.92 USDT.
Long
by Z4F4R
STX/USDT bullish reversal form key support? 👀 🚀STX analysis💎Paradisers! #STXUSDT looks like it's getting ready to climb. If it can keep up its energy at a crucial support level $2.3741 and bounce back, there's a good chance it'll start moving up, aiming to get past a big obstacle. 💎 Watching Closely: Right now, the price of #STACKS is heading towards an important level, and we're waiting to see how it behaves. Being patient and keeping a sharp eye out is crucial in trading. Looking back, we've seen the price respect this spot twice. However, on its third approach, a break occurred due to factors like Fair Value Gap (FVG), liquidity and OB right below the support. 💎Plan B: As smart traders, we always have a backup plan. If our hope for a rise at this spot doesn't happen and the price falls further, we'll change our game plan. We're looking at a potential bounce back from a lower spot at $2.0669, attracted by some strong market interest there that could push the price up again. If it falls below this, we might see it drop more. 💎 Flexible Moves: Paradisers, this situation shows why it's important to be flexible with our trading strategies. By watching closely and being ready to change plans based on what's happening, we set ourselves up for success. Your ParadiseTeam is here to help guide you through these market waves, making sure you're ready for whatever comes next.
Long
by MyCryptoParadise
1
The Road to $66 for STXUSDT (Stacks)$STXUSD has now beautifully broken out of the triangle after an impressive textbook correction at the 0.618 Fibonacci retracement. This type of correction is a typical feature of wave 2 in an Elliot wave count, which indicates that $STXUSDT is now ready to embark on its third impulsive wave, often referred to as the most explosive one. Considering the increasing volume, an explosive surge in the number of transactions on the network, and the oscillators, we can expect a swift development in the price towards the following resistance levels: — 0.57 — 1.06 — 2.85 — 5.96 — 8.16 — 13.17. #stxusdt #stxusd #BNS #DeFi #BitcoinNFTs #Stacks
Editors' picks
Long
by joerivdpol
19
$stx stacks rounded bottom pattern... Bigger Picture!NASDAQ:STX Stacks price action is currently forming a rounded bottom pattern on the weekly timeframe! Current price: $2.9 #stacks price action is around it's previous all time high of 2021, forming a neckline resistance between 2.7-2.9. NASDAQ:STX continuous rejection of neckline resistance will make for buy the dips opportunities at these supports: 2.4, 2.2, 1.8 Else A break out neckline resistance will lead to price discovery with resistances: 3.3, 3.6, 4.0, 4.4, 4.7, 5.1, 5.4
Long
by Ifiok-2sydes
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 $0.5555 is my only buy-condition as this investment is for the long term. For more solid & low risk investment ideas, make sure you follow me.
Long
by dogofwallstreets
1
STX/USDT SPOT buy/sell zoonesMy minimal target for STX bull run is previous height above 3,66$. 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.
Long
by HallFer