STX/USDTSTX is starting to look like it will break down soon.
It already broke down from the distribution range and now I'm expecting expansion.
It held up pretty well last few weeks, so I'm expect it will go down pretty hard when panic steps in.
My main target is at $0.345. Will sell and compound on the way down.
Stacks
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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.
✳️ Bullish Continuation = Bullish Confirmation | Stacks New HighSTXBTC (Stacks) hit a peak in late February to end a 285% bullish wave.
We would normally expect a correction at this point as usual but no.
The week late Feb. closed as a shooting star, a bearish candlestick pattern which was followed by a hammer.
So prices did move lower but all losses were quickly recovered and STXBTC managed to close green, after green and now... Continues green.
A new week and a new high is being hit.
A very strong bullish continuation.
This is not bear market type of action.
Bullish continuation = bullish confirmation.
Cryptocurrency is in a long-term growth path no doubt about that.
We have higher lows since early 2020 and we will continue to experience higher lows and higher highs, for years to come.
Namaste.
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.
Make sure you follow me for price update alerts!
STX: Approaching ResistanceTrade setup : Price bounced off of $0.60 support and is again trying to break above $1.05 resistance where it got rejected in February. Wait for price to either 1) break and close above $1.05 to resume uptrend, or 2) pull back near $0.60 support for another swing entry. Fibonacci retracement levels (potential support) are $0.73 (38.2%) and $0.63 (50%).
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.
STXUSD Strong rebound on MA50 (1d). 1.7500 targeted.STXUSD is rebounding on the MA50 (1d) and Support (1) after a rejection 2 weeks ago near Fibonacci 0.618.
Golden Cross already completed 3 weeks ago.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.75000 (under Fibonacci 0.786 and Resistance 2).
Tips:
1. RSI (1d) is on a Rising Support. It has accurately caught all three bottom buys.
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STX: Pullback in UptrendTrade setup : After sizeable gains (~400% YTD 2023), price was met with selling pressure around $1.05 resistance area. Pullback near $0.60 support could be a swing entry. Momentum (MACD Histogram) has also inflected bullish again. Fibonacci retracement levels (potential support) are $0.73 (38.2%) and $0.63 (50%).
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.60, then $0.40. The nearest Resistance Zone is $1.05.
$STX/USDT 2h (#Bybit) Rising wedge breakdown and retestStacks seems locally topped here and a retracement down to 100EMA would make sense.
⚡️⚡️ #STX/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 5.0%
Current Price:
0.94020
Entry Targets:
1) 0.95080
Take-Profit Targets:
1) 0.76145
Stop Targets:
1) 1.07745
Published By: @Zblaba
$STX #STXUSDT #Stacks #PoX
Risk/Reward= 1:1.5
Expected Profit= +59.7%
Possible Loss= -40.0%
www.stacks.co
STX: Approaching SupportTrade setup : After sizeable gains (~400% YTD 2023), price was met with selling pressure around $1.05 resistance area. Now we wait for price to find support level and for momentum to inflect bullish again (MACD Histogram rising). Fibonacci retracement levels (potential support) are $0.73 (38.2%), $0.63 (50%), and $0.63 (78.6%).
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $0.80, which it broke, then $0.60, and $0.40. The nearest Resistance Zone is $1.05.
✴️ This Isn't Over... 425% Is Just The Beginning!Let's go back to Stacks because I already showed you literally hundreds of different charts and there is no point in looking for new ones, more opportunities available than the ones that we can take.
This will give further strength to our bullish position.
First, notice the ultra-high volume.
This tells us that things are only getting started.
The RSI goes super high just as it happened in August 2020.
The MACD enters the bullish moving north for the first time ever.
We have a long-term higher low.
A higher high is possible next.
Above $4 is the potential... More or less!
Projection for new All-Time Highs in 2024 for the Altcoins or 2025.
And 2025 for Bitcoin.
We are still early even after 425% of growth.
People will be joining months for now, years from now...
By the time retail buying, traders will be selling.
That's the great advantage of reading this, of being here, now!
Namaste.
STXUSD Extremely high potential after 1D Golden Cross.Stacks (STXUSD) is on an amazing parabolic rally, having broken above its 1W MA50 (red trend-line). On top of that, the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) formed the Golden Cross, a technically very bullish formation for the long-term.
With the 1D RSI though hitting 90.00 (extremely overbought levels) and the price filling the 0.5 Fibonacci retracement level, it is more probable technically to witness a pull-back and medium-term sideways trading until the 1D MA50 at least makes contact. We are buying either on this pull-back or if the price breaks above the 0.618 Fibonacci first. The Channel Fibs draw an additional Channel framework to work within. Our target by the end of June is the 0.786 Channel Fib, at at least 2.5500.
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STXUSDT(Stacks) Daily tf Range Updated till 23-02-23STXUSDT(Stacks) Daily timeframe range. from its local low it retraced back to 320%+ thats actually quite insane. it needs little bit more volume to push toward 1.0276#. after that it got midrange which is 1.300#.but that depends how retail interest keeps up.
✳️ Mapping A 125% Bullish Wave for StacksWe have a neat and clear downtrend starting June 2022 for STXBTC but as November approaches we can see lots of bullish action.
This action is supported by high bull volume on green days but as prices decrease the bear volume is low.
This signals we belief is saying that the downtrend is coming to an end and the bullish action that became evident in November was due to some purchase being made by whales.
Are we early to the party?
We will know soon enough...
We see a 44% jump once the breakout happens and the bullish wave can reach 125% initial within 1-2 months.
There is higher potential long-term.... But we have to start somewhere, we go step by step.
Additional details on the chart.
Namaste.
✳️ Stacks 113-293% Potential Supported by Strong SignalsSometimes we see a chart and spot some signals and even while reading the signals as bullish and seeing them confirmed some small doubt remains... This happens when the signals are not strong enough.
In fact, we can go through the whole analysis and at the end just STOP! and visit that doubt again... With STXBTC, this is not the case.
Now, the signals here are very strong.
The volume is absolutely high and it has been growing day after day which is better than it showing up by surprise in a single day.
Today STXBTC has the highest volume Since November 2022 and if we ignore this day, today has the highest volume since January 2022... That's a very strong bullish confirmation as this volumes comes as STXBTC moves above MA200, telling us it is getting ready to grow long-term.
The low/bottom here happened in 22-January 2023, while Cryptocurrency grows together, ALTSBTC + ALTSUSDT, they have a slight delay between each set, when one moves forward, the other one is going sideways or correcting but when the group that is more advanced takes a break, the other group jumps up with massive force to catch up.
- The RSI at 77 is super strong.
- The MACD just entered the bullish zone, with plenty of room available for additional growth.
Everything is pointing higher.
The conservative target is 113%.
The mid-term target is set at 293%.
We see Altcoins growing by 100% and 200% in a single day.
While I share these numbers conservatively, remember that the cryptocurrency market is wild and growth can be many times higher than what I am sharing everyday.
Since we are not greedy, we are grateful and happy with any and all positive results, we keep the numbers tight but when trading, we aim high up.
Namaste.
STXUSDT is preparing for an impulsive wave 3 It appears that STXUSDT is preparing for an impulsive wave 3. Support has been found at the 0.618 Fibonacci level, and by using Fibonacci extension, the following resistance points have been identified. Although it's just a possibility at this point, $STXUSDT could be quite intriguing.
STXUSD Rebound contained below the 1D MA100Stacks (STCUSD) has had a +50% rebound on today's peak but we see the effect retracing as it almost hit the 1D MA100 (green trend-line). As long as it fails to close a candle above it, expect a Lower Low within the Channel Down pattern that it has been trading in since May 31. A break above the 1D MA100 targets the 1D MA200 (orange trend-line) which has been unbroken since January 21. A closing above it would still be limited to the top (Lower Highs trend-line) of the Channel Down but still a major bullish development for the long-term nonetheless. In order to sustain an uptrend in this case, the 1D MA50 (blue trend-line) has to be tested and hold as a Support.
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$STX/BTC is about to explodeBuying volume is increasing and Bollinger Bands are really tight, and that means it's getting volatile.
STX is currently trading in my buying zone for 3 months. It's the 0.618 en 0.65 Fibonacci retracement from the last impulsive wave 1.
From Stacks' market history, it can be seen that stacks has a habit of showing explosive price rises.
As Bitcoin continues to move between 20k-24k and loses market dominance, it seems that this will give room for sats to rise significantly in value.
My expectation is that the 0.382 Fib will be a first point of resistance (2764 sats). Seen from the current price, this is a 45% increase in sats value.