STX Price AnalysisThe STX/USDT daily chart presents a comprehensive look at the current market dynamics, indicating significant levels of support and resistance, as well as a falling wedge that has been broken out and in play since April.
After breakout from the falling wedge the price pumped 25% and rejected from a blue zone at $2.441 multiple times, after a pullback price now near weekly support zone (Green) at $1.726 - $1.833.
If the price bounced back from the green zone and trend line after a confirm retest we could see a massive pull back and it will form a new highs.That’s a bullish scenario.
In a bearish scenario, if a green zone did not holds the price of STX we could see it to test the next levels and finally the yellow zone at $1.162 - $1.282.
If the price reached the yellow zone that is the best place for loading our bags.
According to our analysis we are in favor of the price will bounce back from the green zone and trend line after retesting.
Remember, always use stop loss to secure your funds.
STX
STX Long Trade SetupCurrent Situation:
Trend: STX has been in a downtrend since April 2nd but recently experienced a change of character (CHOC) after retesting the 0.618 Fibonacci level.
200-day EMA: This is an important level to watch, marked by the red line on the chart.
Trade Strategy:
Entry Criteria:
Support Confirmation: Watch the price action around the 200-day EMA to confirm it flips from resistance to support.
Entry Point: Enter a long position at $2.
Take Profit Targets:
Primary Target: $2.50
Secondary Target: $3.00
Stop Loss: Set a stop loss at a daily close below $1.80 to manage risk.
Summary:
For STX, after experiencing a change of character and forming a higher high, look for a higher low in the discovery phase. Enter a long position at $2, targeting $2.50 and $3.00 for profits. Watch the 200-day EMA for support confirmation and set a stop loss at a daily close below $1.80 to limit potential losses.
Potential for another decline towards the lower boundarySTX is currently in a ranging trend, though it exhibits a tendency towards more downward movements. The price action is confined within a large descending channel. Recently, STX reached the upper boundary of this channel after an extended period of consolidation near the lower boundary.
#STX/USDT#STX
The price is moving within a descending channel pattern on the 12-hour frame, which is a retracement pattern
We have a bounce from a green support area at 1.80
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum
Entry price 1.84
The first goal is 2.20
The second goal is 2.45
The third goal is 2.70
(STX) Stacks "long running trend"The trend lines on Stacks have not crossed for a long time, about a half a year. Image indicator offers a view of no red line connecting the moving average lines. blue dotted lines representing time on a floating axis to replicate those pesky triangles people draw only these triangles are based on the information inside the chart. I draw the dashed lines previously and have those lines matched up with the indicator.
Alikze »»STX | Ascending channel 1HIn time 1H, it is moving in an ascending channel.
💎 The last bullish leg after an unsuccessful break in the supply area of the previous wave has been corrected, which has extended to the green box.
💎 If the area is maintained, it can grow first to the middle of the channel to break the swing and then to the 2.24 range. In the future, it can continue this growth by maintaining the middle of the channel to the top of the channel.
💎 Alternative scenario: In addition, if the green box area is broken, it can continue the correction to the bottom of the channel and then to the range of $1.95.
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$STX Stacks after over 50% retracement... What Next?NASDAQ:STX STACKS has recently done over a 50% retracement from an all time high of about $3.8
Current Price: $2.2
Stacks current price action is currently trying to break out of its falling channel for higher prices
Up resistances: 2.4, 2.9, 3.3, 3.6 then possibly new price discovery at 4.0, 4.4, 4.7, 5.1
A failed breakout of channel will lead to retest of support at 1.8
STX: Falling Wedge BreakoutTrade setup : Bullish breakout from Falling Wedge could signal resumption of uptrend, with +25% potential upside to $2.50 thereafter. Breakout was confirmed as price broke above $2.00 horizontal resistance and above 200-day moving average ($2.06). Stacks (STX) is a platform for scaling and building on top of Bitcoin. Read our research report.
Patterns : Falling Wedge Usually results in a bullish breakout . When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Neutral, Medium-term trend is Strong Down and Long-term trend is Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $2.00, then $1.30. Nearest Resistance Zone is $2.50, then $3.50.
Trading Signal For STXUSDT Trading Setup:
There is a Trading Signal to Buy in STXUSDT Stacks
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 1.890
⭕️SL @ 1.630 (-26%)
🔵TP1 @ 2.777 (+25%)
🔵TP2 @ 3.480 (+57%)
🔵TP3 @ 4.130 (+86%)
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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STX/USDT Breakout Alert!! This is can be bullish momentum💎 Paradisers, STX is indeed exhibiting intriguing movements that warrant close attention.
💎 Having successfully broken out of the falling wedge pattern, STX has signaled bullish momentum for its next movement. There's potential for a retest around the 2.1 to 2.0 area before resuming its upward trajectory towards the resistance zone between 2.375 and 2.51.
💎 A successful breakout above this resistance would confirm STX's return to a bullish trend in the mid-term, potentially leading to significant upward movement towards our target strong resistance area.
💎 However, if STX fails to break above the resistance and experiences a strong rejection indicated by a bearish candle, the price may retreat back to the demand area, possibly around 1.75, to gather new momentum for another attempt at breaking the resistance.
💎 It's crucial for STX to bounce from the demand area and resume its upward movement. Failure to do so, especially if STX shows weakness and sideways movement, could signal a bearish turn, particularly if the demand level at 1.75 is breached.
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Stacks / STX The price of Stacks is $0.76 today with a 24hour trading volume of 250 million dollars. This represents a 12% price increase in the last 24 hours and a 160% price increase in the past 14 days
Stacks is a layer1 blockchain solution that is designed to bring smart contracts and decentralized applications to Bitcoin. These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful, including its security and stability. Stacks was initially funded by a range of prominent venture capital funds, including Y Combinator, Digital Currency Group and Winklevoss Capital. It was developed by Blockstack PBC, which has its headquarters in New York.
Next Stacks upgrade is slated for March 20th, with the larger Nakamoto upgrade planned for later this year. Stacks 2.1 can enable more efficient Bitcoin yield via Stacking, make bridges to other networks more robust, simplify the ways developers can link and trigger interactions between Stacks and Bitcoin, and lay some helpful groundwork for Subnets which can bring additional speed and scalability to the network when launched.
if you are scalper be careful because as you can see those shadows are huge and STX whales are ruthless , 0.65 is good support and opportunity for buying the dip or long
STX next targets are 0.81, 0.85 and 0.89$
STX/USDT Ready to Breakout From the Falling Wedge | STX Analysis💎#STXUSDT is navigating through a falling wedge and is poised to retest the channel's lower support at $1.80. We anticipate this key support level to hold firm, setting the stage for a bullish reversal that could propel the asset toward the channel's upper resistance.
💎However, if #Stacks falters and breaches below the $1.80 support, it may signal an extension of the bearish trend, steering the asset toward the next significant demand zone at $1.636. This level is known for its vigorous liquidity and history of prompting notable upward trends.
💎If NASDAQ:STX revisits this demand zone, securing a robust rebound is essential for sustaining support. Any failure to achieve this rebound could intensify bearish momentum, worsen market sentiment, and potentially trigger additional price declines.
💎Stay agile and vigilant, Paradisers. Your ParadiseTeam is diligently monitoring the market and is ready to guide you through the dynamic shifts in the #Stacks market.
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STX Accumulation / Massive Pump IncomingSTX has a perfect accumulation that just put in a spring right here. We're right near the bottom of what's about to become a massive pump. Altcoin season is in full swing and this is the next top gainer! TD Sequential has 789 on the daily and oscillators are showing daily bullish divergence.
Alikze »» JASMY | Ascending channel🔍 Technical analysis: Ascending channel
In daily time, 1D is moving in an ascending channel.
💎 According to the pullback to the broken structure and the major roof, this upward movement can continue until the next area and the roof of the channel.
Considering that it is currently in the middle of the channel, the candlestick above the area reinforces the bullish structure.
💎 Alternative scenario: In addition, according to the trading node in the range of 0.024414, which is also around the bottom of the channel, in case of a break, the correction zone can continue until the liquidity zone.
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STXUSDT Trade SetupThis coin is trying it level best to breakout on shorter Time Frame, if that resistance market as daily res is broken, it should fly higher than expectation.
Confluences:
1. Daily/Weekly Falling Wedge Breakout.
2. Lying on daily demand zone.
Thanks me later. Do not miss this before bull run starts.
Alikze »» STRK | Move to the roof of the descending channelIn the 4H time, after a mixed correction, it has reached the $1 range, after which it has faced demand.
💎 It is currently moving in a downward channel.
According to the current momentum in the region, the current demand is suffering.
In the next step, it can continue to grow up to the supply area and the ceiling of the channel, which is a dynamic trigger.
💎 If it breaks the supply zone, it can fill the FVG gap in the 4H time frame. Therefore, if you fill the gap and pullback to the broken structure, the next target will be the next supply area.
💎 Alternative scenario: If the demand area breaks downwards, which is also in the midline of the channel, this correction can be extended and extended to the bottom of the channel and the origin of the OB movement.
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STX Analysis: Eyeing Bullish ReversalKey Levels:
Support Level:
1.92 USDT (marked on the chart)
1.56 USDT (next major support below)
Resistance Level:
2.15 USDT (immediate resistance marked on the chart)
2.38 USDT (secondary resistance above)
3.10 USDT (projected upper target)
Current Trend:
The price is currently in a downward channel, indicated by the trend lines converging downwards.
There has been a consistent lower high and lower low pattern, characteristic of a downtrend.
Technical Indicators:
Stochastic RSI:
The Stochastic RSI is currently around 53.10, which is in the neutral zone but close to being oversold. This could suggest a potential for a reversal if it moves further down into the oversold territory (below 20).
Volume:
The volume shows some green bars, indicating buying interest at lower levels, which could support a potential reversal or bounce from current levels.
Potential Scenarios:
Bullish Scenario:
First Target: The price may attempt to break the immediate resistance at 2.15 USDT.
Next Target: If it successfully breaks above 2.15 USDT, the next resistance level to watch is 2.38 USDT.
Upper Target: A significant bullish move could see the price reaching up to 3.10 USDT, as indicated on the chart.
Bearish Scenario:
Immediate Support: The price might retest the support level at 1.92 USDT.
Next Support: If the 1.92 USDT level fails to hold, the next support is at 1.56 USDT.
Trading Strategy:
Long Position : Consider entering a long position if the price shows a strong reversal signal from the support level at 1.92 USDT, with a stop loss just below the support.
Short Position : Consider shorting if the price breaks below 1.92 USDT, targeting the next support at 1.56 USDT, with a stop loss just above 1.92 USDT.
STX - both entrys filled ✅This surge needed to correct at some point either we are going down now or we are pushing up a bit before correcting either way we should be falling in the near future and we want to place two entrys here on STX. The first entry is on the 4H FVG and the second DCA entry on the edge of the demand down below. We are using the same hard stopp on both entrys and the same target, the 12H supply zone. This target is just the first very big resistance you can hold it longer or close it before that. As always please try to think by yourself when trading and adopt your trading style and risk management to it.
STX/USDT It shows a strong bounce and Bullish momentum for STX!💎 Paradisers, #STX is indeed a coin worth closely monitoring.
💎 With a strong bounce from the support area accompanied by a significant green candle, STX is showing signs of bullish momentum, supported further by a MACD golden cross and bullish divergence.
💎 The next step for STX is to break above the resistance trendline to sustain its upward movement and potentially test our target strong resistance area.
💎 However, if STX fails to break above the resistance, there's a possibility of it retracing back to test the support around $2.06. STX must bounce from this level to maintain its bullish trajectory.
💎 Failure to bounce and hold above this support could lead to a breakdown, signaling a bearish turn. In such a scenario, the next level to watch would be the demand area around $1.74.
💎 Should STX reach the demand area, it needs to bounce and reclaim a position above the $2.06 support to resume its upward movement. However, if STX fails to bounce and breaks below the demand area, it could confirm a continuation of the downward trend, indicating further potential losses.
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