Bag🎒 your STACKS once again! Stacks broke up this triangle 📐 and I think there is chance for run to 3.55 and even higher. Setting BUY LIMIT order to catch the pullback. STX just pamp eet! ⛽
ENTRY : local high @ 2.19
STOPLOSS (SL) : local low @ 1.94
TARGETS (TP) : TP1 - resistance @ 2.70 | TP2 - resistance @ 3.09 | TP3 - height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 3.55
REWARD RISK RATIO (RRR) : TARGET1 - 2.0 | TARGET2 - 3.6 | TARGET3 - 5.5
INVALIDATION : when SL level hit
My previous STX ideas 👇
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Stacks
STXUSD Last dump before a multi-month rally.Stacks has been trading within a long-term Channel Up since the start of 2020 and is about to form a 1D MA50/ MA100 Bearish Cross. This is similar to the Bearish Cross of October 10 2020, which was the cross that paved the way for a 3 month rally. The 1D LMACD sequence between the two fractals is also identical. We should be expecting a bullish break-out by the first week of February.
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Stacks (STX) Hits New High Compared To April 2021 - Great News We are technical analysts and we love the charts.
We love the candles and the amazing tool that this is.
Since you can get everything from the charts, hardly ever we take the fundamentals into account.
Here is one exception though, we love Stacks as a project and we have been trading this pair for long.
STXBTC (Stacks) hits a new high today compared to April 2021.
Like most Altcoins vs Bitcoin pairs;
The bullish action started after the low set late 2020 early 2021, prices started to grow.
A peak was hit in April (others peaked in March/May) and then we had a correction that ended in a higher low.
Higher lows lead to higher highs...
And now we grow.
After almost 8 longs months, we have a new high which is extremely bullish for this pair and the rest of the Altcoins market as a whole.
Remember, they are all connected.
What one pair those, the rest is sure to follow.
We are set for at least 1 more year of higher highs and higher lows.
Thanks for reading.
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Namaste.
BTC plus DEFI - Smart Contracts - Next catalyst? STX Starting to become more confident that 40K will be the floor here with upside to 54K in the next 2-3 months.
Fundamentals- I believe defi on BTC will be the next catalyst.. Very small right now, STX is leading the way. A great article i came across today
www.hiro.so
Chart wise risk to reward seems to favor the bulls at this point.. upside to 54K vs 40K downside.. If btc breaks though 46K things become a lot more bullish.
STX entry 1.8 to 2.06 through 4.Stacks ($STX) is a layer 2 (or as described by Stacks as a Layer 1.5) smart contract protocol that lives on the Bitcoin blockchain. Via Stacks DeFI and other utility/protocols including City Coins (currently being minted by New York City and Miami and soon Austin and others), while other DeFi platforms built for Bitcoin live on other layer 1's (i.e. Badger on Ethereum), a smart contract protocol on top of the most secure blockchain may or should not only assist in avoiding a "flippenning" but is critical at a time where multi/cross/para chains are the current solutions to avoid bouncing protocol to protocol.
Additionally Stacks was both the first cryptocurrency to be acknowledged by the SEC as a security and also to be no longer recognized as a security by the SEC after successful adoptions. DYOR, Grayscale and partners have significant involvement in Stacks and was instrumental in the SEC approvals. This is pure gut but my gut says Grayscale will be the first BTC ETF approved by the SEC due to familiarity, etc.
Fractals show a similar pattern having already taken place, expect a full push or a pullback and then push to and through $4. Naturally as tied to Bitcoin, BTC volatility could slow or speed up the growth of STX, but smart contracts on the Bitcoin blockchain is powerful and not discussed nearly as much as one would expect.
The stacking opportunities and ecosystem being built around Stacks i.e. City Coins (read NY and Miami Mayoral comments on plans) make this a long term hold for those who want, as blockchain continues to proliferate real world applications beyond just crypto.
Stacks STX New ATH Breaking out! Stacks , STX built on Bitcoin Blockchain, miner of MiamiCoin MIA, and now NewYorkCityCoin NYCCoin ( be careful there is another New York Coin that is NOT this NYC...
Anyway... 2 different patterns , 2 different measured moves. Hit the small one first, then a small retrace, then hit the 1.618 FIB at $5.00 which is also a big psychological barrier too, ranked #51 room to grow
Stacks (STXUSD) to break some resistancesStacks (STXUSD) to break some resistances.
Those are at current price level for a new ATH.
But also in the OBV and later at the critical RSI-level.
But specifically the OBV is rising in a stable way.
And still some space until the above mentioned RSI "danger zone" 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
Stacks (STX) - November 25Hello?
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(STXUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.35034579-0.47505249 section: expected to continue upward trend
0.99833499-1.10302110 or higher: Expected to create a new wave.
(1D chart)
First resistance section: near the 2.55287349 point
Second resistance section: 3.17634175-3.38416449
Support section: 1.72158249-1.92940524
If the price is maintained in the range of 1.92940524-2.55287349, it is expected to renew ATH.
It should rise above the 2.33980519-2.55287349 section to accelerate the uptrend.
If the price declines from the support zone, it may move towards the 1.10302110 point, so trade cautiously.
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(STXBTC 1W chart)
Above the 2735 Satoshi point, we need to see if we can continue the uptrend along the uptrend line.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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🆓Stacks (STX) Nov-10 #STX $STXThe buying power is continuing to push on STX at the $2.2 zone and it can increase strongly to the $2.6 and $3.6 zones in the near future. But if it loses the $2.2 zone, it will fall back to the $1.9 or even $1.6 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 2.2$ zone
🔴Buy : 2.2
🔴Sell : 2.6 - 3.6
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 2.2$ zone
🔵Sell : 2.2
🔵Buy : 1.9 - 1.6
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Bag your STACKS again!Stacks recently pumped as predicted in the idea below:
After hitting my target it's consolidating in another triangle and now it seems to be ready to break up also this new triangle 📐. If successful I think there is chance for run to 2.94 and even higher. STX , just do it again! ✔️
ENTRY : local high @ 2.24
SL : local low @ 2.04
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 2.94
RRR : 3.4
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
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Bag your STACKS!Stacks broke up this triangle 📐 and I think there is chance for run to 2 and even higher. Setting BUY LIMIT order to catch the pullback and add to my stack. Check the other triangle breakouts in related ideas STX just do it! ✔️
ENTRY : local high @ 1.377
SL : local low @ 1.277
TARGET : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 1.99
RRR : 6.1
INVALIDATION : when SL level hit
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Stacks' Is Consolidating in a Symmetrical Triangle For NowStacks' (STX) rally has paused, and a very volatile consolidation seems to be taking place in the form of a symmetrical triangle. While the symmetrical triangle is a neutral chart pattern, when it appears within an established trend, it tends to break in the direction of the prevailing trend.
Symmetrical Triangle Pattern
The symmetrical triangle is in the early stage of development, and it might take a while before it is concluded. If the price remains contained within the current upward and downward sloping trendlines, we will have a valid symmetrical triangle.
On the upside, a break above the downward sloping trendline will open the door for a retest of the short-term resistance level of $2.44.
The current swing high of $2.61 is another technical level that the bulls need to overcome. However, the most important resistance level remains the recent all-time high of $2.90 established on April 5.
The 50-period simple moving average aligns perfectly with the upward sloping trendline to provide more confluence. This means it will be harder for the bears to take charge. However, a downside break will open the door for a retest of support level $1.83.
Stacks STXUSDT - Head and shoulders + NEW ATH + 600%!- STX is forming an inverse head and shoulders pattern on the daily candles, which is a bullish reversal pattern.
- Volume favors bulls, as there is not any selling pressure.
- All time high resistance 2.85 can act as a resistance.
- The price is above a trendline from 2020.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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Stacks coming out of massive accumulation. Big prospects!1. Mainnet lauched a few months ago. You can stake to earn BTC
2. Was one of the biggest laggards early on. Also one of the projects that got talked about a lot in the past and people slowly forgot, but it is one with pretty big goals
3. Largest and cleanest triple bottom / accumulation, with a gigantic breakout and retest. 1+ year long and looks super clean
4. The first cryptocurrency to receive SEC qualification for a sale in the United States
5. Not many listings yet and I think many will come but slowly more and more are coming. Especially Coinbase. The gigantic breakout came because of its listing on Upbit and everybody knows how big of a role demand in Korea plays