STXUSD is about to turn parabolic to $10.Stacks (STXUSD) has been trading within a Channel Up pattern since the December 26 2022 bottom. It is currently consolidating around the 1W MA50 (blue trend-line), coming off a Higher Low rebound at the bottom of the pattern and on the 1W MA200 (orange trend-line).
This current sideways trading is highly symmetric with the start of the previous Bullish Leg, as it is trading just below the 0.5 Fibonacci retracement level. At the same time, the 1W MACD has been on a Bullish Cross for a month now and the last time it formed a Bullish Cross (October 16 2023), was right after the previous Higher Low and before the 0.5 Fib consolidation.
Once the 0.5 Fib broke, the price aggressively rose on the Bullish Leg and formed a Higher High at the top of the Channel Up, right below the 2.0 Fib extension. As a result, we expect STX to reach at least $10.00 by the end of Q1 2025.
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Stackssignals
$stx Stacks over 60% retracement ...NASDAQ:STX Stacks has retraced by over 60% from an all time high of $3.8. Low Risk Buy!
Current Price: $1.60
Stacks current price action is currently in a huge falling wedge!
Up resistances: 1.8, 2.4, 2.9, 3.3, 3.6 then possibly new price discovery at 4.0, 4.4, 4.7, 5.1
STXUSD Bottomed is in. Expect $10.00 by early 2025.Stacks (STXUSD) has been trading within a long-term Channel Up pattern since the December 30 2022 Low and is currently on the 2nd Bearish Leg of this pattern. Being below the 1D MA50 (blue trend-line), it is approaching the Channel's bottom.
The previous Bearish Leg formed the Higher Low sideways, so it is possible to replicate this structure and confirmed the new Bullish Leg after it broke above the 1D MA100 (green trend-line). Note that STX priced its Higher Low on the first decline after the formation of a 1D Death Cross and we are currently past that on the new Bearish Leg.
As a result, with the 1D MACD also printing the same bottom sequence as the previous Leg, we turn bullish again, targeting 10.00, which just below the 2.0 Fibonacci extension (similar to the previous Bullish Leg) exactly at the top of the Channel Up.
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STXUSD Strong bullish extension short-term.Stacks (STXUSD) has closed above the 1W MA100 (red trend-line) for the first time since March 23 and even though it remains within an 8-month Channel Down, we expect to finally break it upwards as the 1D MACD formed the first Bullish Cross above the 0.00 level since since the start of the Channel Down itself.
To make the bullish case stronger, this is coming off the first 1D Golden Cross in 9 months and we can clearly see a technical Channel Up emerging. We consider this a strong short-term buy opportunity towards Resistance 1 at 0.886750.
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STXUSD Watch out for the 1D MA50 break-out!Stacks (STXUSD) has been trading within a Channel Down pattern since the March 20 High. Yesterday it made the first break-out attempt above the Internal Lower Highs, but closed back below it. At the same time it got rejected exactly on the 1D MA50 (blue trend-line).
A similar Internal Lower Highs trend-line dictated the first part of the Channel Down and after the 1D MA50 broke and closed a candle above it, made the Lower High at the top of the Channel Down on the 0.618 Fibonacci retracement level.
As a result, we will wait for the 1D MA50 to break in order to buy and target the 0.618 Fib at 0.65000. There is a high probability that it will make contact with the 1D MA200 (orange trend-line) on that level.
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STXUSD near the bottom of its Rising Wedge.Stacks (STXUSD) had a Double Top rejection this week on its 1D MA50 (blue trend-line) and is approaching the bottom of the long-term Rising Wedge pattern. With the presence also of the 0.382 Fibonacci, this is the strongest buy signal since February 15. The 1D MA200 (orange trend-line) is right below it and the 1D RSI is close to the 30.00 oversold level. We are turning into buyers again, targeting the 0.786 Fibonacci at 1.80000.
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STX price action finding support on the 4hr 200maSTX posted 4-9-23 +14% gains ... so far
here is another entry idea ( if you missed it ) or to add to entry ( scaling into the trade )
on 4-9-23 hidden bearish div played out and support bounce off of yellow dotted line played out
wait for break of 1.0156 with volume confirmation for entry / or retest of 1.0156
price action finding support on the 4hr 200ma
if price action ( PA ) pulls back and bounces of blue trendline , this would be a nice entry
Market Cap: 1.3B
Category: DeFi / Metaverse
Target 1: 1.2223
Target 2: 1.3965
Target 3: 1.5420
Stop Loss: 0.8475
Manage Risk - have a stop loss in place
Not Financial Advice
This is for Entertainment Only
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!
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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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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STXUSD First time above the 1D MA50 since April!Stacks (STCUSD) hit today and broke above its 1D MA50 (blue trend-line) for the first time since April 18 2022. The coin has been trading within a Channel Down pattern since the January 18 High. The long-term trend remains bearish as despite today's impressive 1D candle, the price remains both below the previous Resistance level and the Lower Highs trend-line (top) of the Channel Down.
Both in candles and in 1D MACD terms, today's formation resembles the 1D MA50 test of March 10. This candle not onl broke above the 1D MA50 but also marginally above its prior Resistance Zone and the 1D MA100 (green) and 1D MA200 (orange trend-line) periods (which at the time converged and transitioned into the bearish trend), but still got rejected at the top of the Channel Down.
As a result, we can only take a short-term buy here towards the Resistance and top of the Channel but not a long-term one. In order to buy comfortably on a medium-term horizon, the price needs to break and close above the 1D MA100 (green trend-line). In that case the target will be the 1D MA200.
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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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