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.
STX
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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 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.
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.
Please like, follow and comment!!
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.