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STX

STACKS looks likely to move down | Bitcoin STXBTCStacks STXBTC looks likely to pull back toward it's VWAP fair value as Bitcoin profit taking continues. BINANCE:STXBTC The daily candle for STXBTC has fallen below the short-term VWAP over-bought line and is bouncing off of the trendline as support. The trendline is also the same level as the long term VWAP over-bought line. Look for the price of STXBTC to bounce between these two levels until it breaks in a direction. MACD look very bearish for the short term making it appear likely that it tests the short-term VWAP fair value (white line) around .00003000. If it fails to hold the short-term white VWAP line, look for it to fall even more and test the long-term VWAP fair value line around .00002500
Short
by tradepsych
STX Price TrendAt present, the price is positioned within the range delineated by the resistance box. Should positive and ascending patterns emerge in this region, it is anticipated that the price trend of STX will shift into an upward trajectory. Conversely, if the price breaches and falls below the base of the box, it is projected to descend further, potentially reaching the lower boundary of the ascending channel. (All analyses will be updated) This analysis is informational, not financial advice. Good luck!
by MonoCoinSignal
STX is one of the best performing high-caps. Buy now?STX is a very important coin for Bitcoin. STX is a Bitcoin Layer for smart contracts. Why do I think you should buy this coin? We have to take a look at the price action first. We see that we have multiple similar swings high at around 1.75, which is a very bullish sign. From the Elliott Wave perspective, we see that we have a strong combo of (1)(2)(1)(2). The previous all-time high is the next stop, but I believe we will go much higher this year. You can hold it for the long term as well. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications. Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time. All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
9
Stacks STX price has entered powerful liquidity zone, what next?The STXUSDT price has entered a powerful liquidity zone - the global highs of 2021. Now, you should be careful with Stacks longs, as there has already been a redistribution of capital and a trend change in the $1,75-2.50 range twice. A confident medium-term STX long is possible either when the price is firmly established above $2.50 or after a correction around $0.90. The global target for the STX growth wave is $8.50-10.50, the only question is whether it will be a blue or white route?
by P_S_trade
4
STXUSD: One more green week and then correction.This is a direct update to our initial long signal on Stacks (see chart at the bottom), which is so far going according to plan. It just turned overbought on the 1D timeframe (RSI = 72.109) but it is the 1W that is of more concern, which is extremely overbought (RSI = 87.916, MACD = 0.253, ADX = 61.042) and this is why we are doing today's analysis on the 1W timeframe. Our TP = 2.5000 remains but after that we expect a strong correction as not only is the 1W RSI the most overbought in history, but we are about to experience the first ever 1W Golden Cross, which would be a good opportunity for the market to take profits. The downside target is the 0.618 Fibonacci level (TP = 1.20000). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
BINANCE:STXUSDLong
by InvestingScope
STX: The Bitcoin Multiplier Unleashed! 🤖🚀 STX: The Bitcoin Multiplier Unleashed! 💹🌟 Hello, traders and crypto enthusiasts! Today, we're diving into the dynamic world of STX (Stacks), a project I've termed the "Bitcoin multiplier." Let's explore why STX is creating waves in the crypto universe: 🌊 Riding the Bitcoin Wave: STX, since early 2021, has been enhancing Bitcoin's utility. Key highlight: BlackRock's potential Bitcoin ETF, signaling strong institutional interest. SEC's view of Bitcoin as a commodity boosts prospects for Stacks blockchain. 🚀 Stacks' Stellar Growth: An impressive 472% growth last year alone! Our portfolio showcases diverse, high-performing assets, including STX. Strategic focus: Diversifying into low caps and new segments, keeping a keen eye on Bitcoin's ecosystem and switch focus to new, AI related crypto gems! 📈 Technical Analysis Insights: STX shows promising entry points, recently breaking over $1.7833. Current support at $1.7833, with targets at $2.76, $4.33, $6.97, and a potential high of $19 by 2025. 🌍 Global Impact and Layer 2 Dominance: As Bitcoin gains global traction, the demand for Layer 2 solutions like Stacks increases. Stacks leads in Bitcoin Layer 2 solutions, offering innovative features like smart contracts. Emergence of liquid stacking and SBTC - a decentralized take on Wrapped Bitcoin. 🔐 Smart Contract Functionality: Stacks brings Turing complete smart contracts to Bitcoin's ecosystem. This blend of security and open-source possibilities sets Stacks apart in the crypto space. 💡 The Future with Stacks: With nations and markets increasingly embracing Bitcoin, Layer 2 solutions like Stacks are poised for growth. Stacks' role in alleviating Bitcoin blockchain's transactional load is crucial. One Love, The FXPROFESSOR 💙 Helpful Links: Understanding STX's Market Position Deep Dive into STX
by FX_Professor
2
Brief Analysis——STXThe window for BTC ETF will arrive this week. Judging from the current review progress, we believe that the BTC ETF has a high probability of approval. With the influx of funds, the crypto market is likely to continue its bullish trend. The BTC ecosystem will also gain market attention again. So today we chose STX, Layer 2 of the BTC ecosystem. Compared with ORDI, which has more meme attributes, STX may be more favored by investors. Stacks is a Bitcoin Layer for smart contracts. It enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications. The rise of STX this year is basically in sync with the popularity of the BTC ecosystem. Although there is no increase as much as ORDI, STX's rise is more sustainable than other tokens. Currently, STX is in the process of high fluctuations. Judging from the ME indicator, STX undoubtedly maintains the bullish trend, and the purple wavy area is expanding. But on the WTA indicator, the rise of STX in early January was not supported by whales. Especially in the past two days, although the price has risen with fluctuation, the length of the columns on the WTA has shrunk. A correction may occur in the short term. Switch to 4h level. As stated on the daily level, STX has had significantly fewer whales during its recent move than it did previously. And there is opposition among the whales. After the two red candles, the whale brought a long green candle and broke out of the previous high. Judging from the current situation, bulls are leading, and if new whales can be further attracted to arrive, then the second round of rise may come. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by Sypool
STACKS ( STX ) long term ideaLONG term hold idea Very nice higher low... currently at an area of resistance ( order block ) 2 entry ideas ( 1 for breakout and 1 for pullback support bounce ) Year 2024 Plans for Stacks: Implement Nakamoto upgrade for enhanced speed and security in layer 2 solutions. Integrate ALEX's off-chain STX20 trading technology. Objective: Revitalize the Bitcoin L2 ecosystem This is for ENTERTAINMENT purpose Only. Not Financial Advise Always DYOR ( do your own research )
Long
by TradeIntuition
Stacks STXUSD to $40-50 by end of 2024Stacks NASDAQ:STX is exhibiting relative bullish strength after reclaiming the resistance block (seen in red) as support. Similar to 2020, currently it is completing two bullish reversal patterns of the trend such as a: (1) double bottom at 0.23-0.19c and (2) rounding bottom. Once NASDAQ:STX rallies towards the top resistance block of the rounding bottom at $2.65-3.25 and successfully backtests it as support, we can expect the Megabull to be confirmed, leading NASDAQ:STX to rally and reach a peak by the end of 2024 at either $10 or $40-50 . This would represent a generous 5,000 to 23,000% increase from the all-time lows should we reach $10 or $40-50 respectively. Tim Draper is backing Stacks among others in the industry, so I would not be surprised to see it deliver great gains in 2024. Don't forget to like and subscribe! I'll be publishing more ideas with targets for Bitcoin and altcoins in the incoming weeks. Carl M.
Long
by BitcoinGuru
3
STX/USDT Navigating Bullish Opportunities at Key Support? 👀 🚀💎 Paradisers, spotlight on #STXUSDT! It's gearing up for an exciting phase, hinting at a potential upward swing from a crucial support level. 💎 Here's the scoop on #Stacks It's been playing the market game quite skillfully, breaking free from a descending trendline and heading north. Now it is eyeing a revisit to what was once a hurdle but now a springboard - the support level at $0.9647. If NASDAQ:STX bounces off this level, we could see it soar towards the significant supply mark at $1.5771. Think of it like a trampoline effect - down, up, and higher! 💎For #STX traders, it's all about being prepared for every twist and turn. If it doesn't catch the bullish wave and starts to dip, we might need to look at plan B - rallying from the lower support deck at $0.8353. 💎 And here's a heads-up: if STX dips below this safety net, it’s time for a market huddle. Such a move would be a signal to rethink our strategies, maybe shifting gears to match the new market playbook.
Long
by MyCryptoParadise
🔋 STX: The Bitcoin Multiplier - Next Stops $0.845 & $1.0 🎯👽Hey traders, Professor here! 👋 Quick update on STX Stacks. This gem is moving in sync with Bitcoin but on steroids. 📈 Key Levels: Current Support: $0.60 🛑 Next Targets: $0.845 & $1.07 🎯 Bought the dip after the 55-cent rejection and it's been a smooth ride. 🛒 Why STX? It's a Bitcoin layer for smart contracts. 🤖 Enables DApps to use Bitcoin as an asset. 💎 Secured by 100% Bitcoin hash power. 🔒 In short, if Bitcoin is the king, STX is the knight in shining armor. 🤴🛡️ Keep an eye on this one, folks. High expectations here! 🌠 Happy trading! 🤑 Emojis: 🚀🎯👋📈🛑🛒🤖💎🔒🤴🛡️🌠🤑 One Love, The FXPROFESSOR 💙
Long
by FX_Professor
STX/USDT Upward Momentum? 💫Stacks Today analysis💎 Paradisers, direct your attention to #STXUSDT as it showcases a compelling pattern. Currently trading within a consistent range, the asset exhibits a high probability of a bullish breakout. 💎 In the past, #STACKS has demonstrated a trend of following a descending trendline, breaking above it to initiate an upward movement. It has been faithfully adhering to a range-bound trajectory, experiencing rejections twice at the same resistance level. 💎 Presently, it's regaining bullish momentum, pointing towards a substantial chance for a bullish movement. Should this upward trend persist, It is poised to target the resistance at $.7380, and may even surge higher to challenge elevated resistance levels at $.8874. 💎 For #STX traders, readiness for a possible bullish rebound from the support level of $.5678 is crucial. However, be mindful that a drop below this level could signal challenges in maintaining the bullish trend. 💎 In this ever-shifting and dynamic market environment, strategic foresight and adept decision-making are key. Formulating a comprehensive trading strategy, which includes robust money management and a profound understanding of support and resistance levels, is essential for attaining successful trading outcomes. 🌴💰
Long
by MyCryptoParadise_Simon