Stacks | STX The price of Stacks is $0.79 today with a 24hour trading volume of 204 million dollar. This represents a 14% price increase in the last 24 hours and a 11% price increase in the past 7 days
Stacks is a crypto project on a mission to unlock the full potential of the Bitcoin network by bringing smart contracts and dApps to Bitcoin. It's designed as a Layer 1 solution that utilizes Bitcoin as its base layer. The Stacks token powers the performance of smart contracts, transaction processing, and registration of new cryptocurrencies.
as you can see the chart and candles still following the uptrend and are in green zone, the RSI are above average and volume goes up which shows bulls are in control
our today daily candle going to break 50 EMA line which is another bullish sign. bulls next targets are 0.83, 0.85 and 0.89. stop loss at 0.69 and 0.67 levels are necessary as well
STX
STX Consolidation and Potential Rally AheadMarket Overview:
STX has been consolidating within a range established since June, currently testing potential resistance in the October 25th bearish gap ($1.701–$1.768).
Bulls are showing strength in this zone, hinting at the possibility of a rally, especially if traders begin "selling the news" following an upcoming release.
Key Levels to Watch:
Resistance Targets:
First target: Stops above the October 24th swing high at $1.842.
Next resistance: $1.884 (October 20th level).
Further resistance around relatively equal highs at $1.962, $2.000, and $2.074.
Support Levels:
Initial support: $1.652 (last week's candle tail midpoint).
If bearish pressure continues, further support may be tested near $1.560 and $1.530.
Potential profit-taking could occur around September 16th's swing low at $1.470.
Outlook:
A sustained bullish momentum could propel STX towards the upper resistance targets, supporting a continued rally.
Conversely, if bearish sentiment prevails, the price may test lower support levels, indicating a need for caution among traders.
#STX #CryptoMarket #Consolidation #BullishPotential #TechnicalAnalysis
DreamAnalysis | STXUSDT layer-2 blockchain for Bitcoin👋 Welcome back to DreamAnalysis! Today, we're diving into STX (Stacks), a unique layer-2 blockchain for Bitcoin, and analyzing its potential.
🔗 What is Stacks (STX)? Stacks (STX) is a layer-2 blockchain designed specifically to add smart contracts and decentralized applications (DApps) to the Bitcoin network. Smart contracts on Stacks run without altering Bitcoin's core structure, leveraging Bitcoin's security. The STX token is used for transactions and rewarding miners on the Stacks network.
📆 Weekly Analysis of STXUSDT:
In the weekly timeframe, STX shows a more bullish trend compared to many altcoins, which are sitting near their main support levels, while STX remains above these crucial levels.
A rising trendline on the weekly chart indicates that breaking and closing below 1.305 could lead to a decline toward 0.742. If that support breaks, consider temporarily exiting this coin in spot trades.
For re-entry, triggers at 1.987 and 2.444 offer good buying points to hold this Bitcoin layer-2 solution in a bull run. Increasing volume would strengthen this setup. Weekly STX Chart
📉 Daily Analysis of STXUSDT:
In the daily timeframe, STX is consolidating within the 1.65 to 1.987 range, and specific triggers are in place for the next move.
The weekly trendline also remains relevant here, and breaking below 1.65 could result in a drop toward the lower support level within a larger box range.
📊 4-Hour Analysis of STXUSDT: Market sentiment has shifted recently due to geopolitical events, including the Israel-Iran conflict, which has impacted many altcoins, causing widespread selling.
📈 Long Position:
wait for the trendline break and trigger confirmation at 1.82, considering higher timeframe bullishness.
📉 Short Position:
rejection from the trendline and breaking the significant 4-hour support at 1.649 could provide a favorable setup to enter short and follow the downtrend. 4-Hour STX Chart
💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with friends, and drop a comment with any other pairs or coins you’d like us to analyze!
📌 Disclaimer: These analyses are based on chart patterns, not strict rules. Technical analysis is an art, and these insights are not financial advice.
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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5x Potential Gains on STX From Here (Fibs, Channels & More)STX has been looking good and in a nice upward trending parallel channel since Dec 2022.
Just trading that channel would have yielded some great returns, but we can also look to the Fibonacci retracement from the previous high to low, which we can see exactly forecast the next high as shown in the video.
From there, we can run the Fib tool from the most recent high to low, which we seem to be coming out of in the ower edge of the bullish channel, giving us a $10 price target (5x).
This coincides with the fractal I took from the last bullish pump to the previous high, and it looks like this is a viable path to $10, judging from the rounded bottoming pattern and the 50 day EMA turning higher.
Let me know what you think of this video, leave a comment, and if I get 10 likes I'll try to do more of these weekly if not daily!
More information is in my bio, and I'd love to hear your thoughts on this study 🚀
October Picks: Stacks (STX) Gearing Up for new ATHs
📈🔥 October Picks: Stacks (STX) Gearing Up! 💥📊
Kicking off October with a promising setup! Historically a strong month for crypto, and Stacks (STX) is already up by 4% today. The chart reveals an ascending channel, with a rejection at 1.943.
Key Levels to Watch:
Support: 1.789 and 1.735
Breakout Zone: 1.95
Next Target: 2.76 🚀
This month, I’ll be sharing some of my favorite chart setups early on, so stay tuned for more picks coming soon! For more insights on STX, check out my previous analysis .
One Love,
The FXPROFESSOR 💙
Big chart and targets here:
$STX Key levels to watchSTX (Stacks) is breaking out of a 3-month consolidation and is now nearing its horizontal and psychological resistance at $2
A bullish structure is forming, and we have significant upside potential if we can break through the immediate resistance, which has now been tested for the third time.
There's strong support between $1.70 and $1.65. In my view, any dip to this range is a buying opportunity. If this level holds, we could see a move up towards $2.3 to $2.5
STX Looks Ready To 5x By End of 2024With this week's FOMC .50 Bp rate cut -- The Bull is Back Baby.
I've been buying BTC and SOL since last week, but now many of the alts are shaping up nicely.
One I like in particular is STX (Stacks) which essentially makes Bitcoin better.
The weekly chart looks very interesting here, coming out of a Buy Limit Order Block, and holding it's longer term trendline, back above it's 21 and 50 day EMA's.
The last local top was a projection from the prior dip and a 3.618 Fibonacci extension.
The same 3.618 projection points toward $10 which I think is a reasonable target by the end of 2024, which would be a 5x from here.
Plus our weekly Trend Strength Indicator is turning Green for first time since Jan 2023.
Many Alts are looking interesting, but I like this project and have been waiting for the ideal time to start building a position, so I'm going to start building here.
Let me know what you think, and your comments below.
Please 'Like' the analsys if you feel it's warranted (Trying to build a presence here on TV!)
Enjoy the next 3 months, Q4 should be interesting!
PS> I think we get a blow off top and a left-translated cycle. 2025 is a huge wildcard.
Stacks – Primed for a Breakout with Strong Bitcoin IntegrationAbout Stacks (STX): Stacks is a unique project that brings smart contracts and decentralized applications (dApps) to Bitcoin without altering Bitcoin’s core. It has a market cap of $2.52 billion and a 24-hour trading volume of $167 million, showing strong market interest.
Impact of Rate Cuts: With the Fed's recent 50 bps rate cut, risk-on assets like STX are expected to thrive as investors seek high-growth opportunities in the crypto space. Stacks, building on the strength of Bitcoin, stands to benefit from this macroeconomic backdrop.
Entry Point: STX is currently trading at $1.69, showing a 12.1% increase in the last 24 hours. Immediate support is at $1.17, and a breakout above $2.76 could set the stage for a strong bullish rally. The primary target is $4.33, while the maximal target in a moonshot scenario reaches $19.
📊 Technical Levels:
Support: $1.17
Primary Target: $4.33
Maximal Extension: $19 (Moonshot Scenario)
The chart is showing STX flirting with a breakout, and the combination of Bitcoin’s stability and smart contract capability could push STX higher.
If you like STX, perhaps it’s time to diversify with AI + Crypto unicorns like CRGPT 🤖🚀.
One Love,
The FXPROFESSOR 💙
Alikze »» BNB | Support zone failure🔍 Technical analysis: Support zone failure
- In the 4H time frame, after not being able to break the supply area, it has faced selling pressure.
- Currently, a bullish pattern is observed, which has extended to the supply area.
- Therefore, any pullback to a broken structure can face selling pressure again.
- So we should see an increase in selling pressure in the supply area to continue the corrective lag until the liquidity area.
- In addition, in case of breaking the liquidity area, the correction can continue up to the specified areas and Fibo 2.618.
Alternative scenario: In addition, if it can break and stabilize the supply area upwards, it can have a retest to the next supply area.
🛑Range of resistance or supply area: 531-547
🟢 Support area: 468-464
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BINANCE:BNBUSDT
STX USDTSTX is currently in a bearish trend and has been moving within a descending channel for approximately 157 days. The chart clearly shows the price making lower highs and lower lows, respecting the boundaries of this channel.
At the moment, the price is positioned near a critical juncture where it could potentially break out of this descending channel, signaling a reversal. For a bullish move to occur, STX must break above the channel’s upper boundary. This resistance has acted as a barrier to the price, preventing any significant upward movement.
STXUSDT: Previous Resistance Acting as Strong SupportSTX technical analysis update
STX's price is bouncing from its major support level, with the previous resistance now acting as strong support. Above this support zone, the price has formed a descending channel and is currently trading within it. The price is now moving toward the channel resistance, potentially setting up for a breakout.
Regards
Hexa
STX NEW UPDATEFrom the data we have on the chart, we can identify a larger pattern for STX.
It looks like a larger correction pattern like the diametric is forming. This correction has started from where we placed the red arrow on the chart.
The price has reached a SWAP resistance range.
The F wave can end around here after a while.
G wave can have two targets ahead.
I marked the best place for rebuy on the chart.
Closing a candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Alikze »»GRT | Bearish Flag Pattern🔍 Technical analysis: Bearish Flag Pattern
According to the analysis presented in the previous post, after the completion of corrective wave B, an upward wave in the form of wave 3 or C grew to the size of 1.272 fibo of the previous wave itself.
- Therefore, this rising wave can be labeled as wave one.
💎 According to the structure and behavior of the three-wave correction, an ascending log equal to 61.8 fibo of the previous wave has been returned.
💎 In addition, this return wave was in a channel and formed a descending flag. Therefore, the bearish flag pattern can also correct as much as the bar.
- This descending log can return at least 100% of the previous wave, which will be the range of 0.1446.
- If it continues and breaks it, it can extend to the floor of the channel and shopping area.
💎 Resistance zone: limit 0.39 and fibo 61.8 channel ceiling
💎 Alternate scenario: If the 0.618 Fibo area breaks to the upside, the bearish scenario will be invalidated and should be re-examined and updated.
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Alikze »» FTM | Continue reforming on the descending channel🔍 Technical analysis: Continue reforming on the descending channel
- In the analysis presented in the previous post , after leaving the density to the first blue strip area it made the first correction.
- Currently, it is moving in a downtrend in a downtrend in a downtrend.
- Depending on the type of behavior and structure of this return, it can extend to the middle of the channel or the Test of the Neckline area.
- So we will expect to continue the correction after the middle of the channel to the floor of the canal, which can then continue with the channel breakdown to 0.26.
- This correction is generally for the completion of the 2 -correction wave that can have a complex combination modification.
- So we will continue to consider the upward trend after the short -term correction is completed.
💎 Alternative scenario: After supporting the blue and money -wide range, it can have a test to the supply area, which can continue up to the channel and fibo 1.272 if it fails.
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BINANCE:FTMUSDT
$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
Alikze »» AVAX | Head and shoulders pattern🔍 Technical analysis: Head and shoulders pattern
- It is moving in a downward channel in weekly and daily time.
- In the previous post , it was mentioned that if the supply zone fails, it can touch the next zones, which after retesting the zone, failed to break the red box and formed a corrective structure.
- According to the current corrective structure, a head and shoulders pattern is formed.
- Also, due to the failure of the neck line, any return can be a pole back to the broken structure.
- So the break of the $25 area will also lead to the break of the channel and it can have a triple correction with Fibo targets of 100 - then $12.5 and Fibo of 1.618.
💎 Alternate scenario: If the $25 zone is maintained and the supply zone fails, it can retest the next zone.
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BINANCE:AVAXUSDT
STX Potentially BullishNASDAQ:STX is still attempting to reclaim the bullish momentum and so far, the 1.760 zone (Previous Resistance now turned support) seems to be holding. A further bullish push just might lead the start of another bullish push.
This does not completely rule out the possibility of another dip in the market. As long as the now found support holds, the bulls will take the lead otherwise, the bears will dominate. I will keep an eye on this closely. Expect updates on #STX as market reveals itself more.