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STX

STX: Falling Wedge BreakoutTrade setup : Price reached $1.30 where price got rejected and pulled back. It was consolidating in a Falling Wedge pattern and had a bullish breakout, which could indicate a potential trend reversal to Uptrend with upside to $1.05 or even $1.30. Next Fibonacci retracement support level is $0.70 (78.6%) and the next horizontal support level is $0.60. 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. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.55. The nearest Resistance Zone is $1.05, then $1.30.
Long
by altFINS
1
$STX: Anticipated Breakout; Divergence Signals, and Fib zones On the daily, the RSI is within a symmetrical triangle, indicating an anticipated breakout by May 11. It would be ideal if STX closes the daily candle above $0.82 today, as it aligns with my previous Fibonacci expectations, as indicated on my TradingView chart (link: ). My divergence indicator shows a divergence based on the commodity channel index and identified support zones. Being transparent, I cannot provide a clear guideline at the moment. While I lean towards quick upward price movement, there are multiple factors at play, and a broader perspective is needed. It all depends on the king (referring to Bitcoin), which is currently experiencing resistance at 30.4k and has corrected to the baseline of the Bollinger Bands. If it can establish a baseline there and continue its upward momentum to FWB:36K , we might see a bottom forming soon and some quick price developments.
by joerivdpol
Stx | Breaking Out Falling Wedge Stxusdt Breaking Out Falling Wedge Pattern in 4H Timeframe In the event of a successful breakout and retest, we anticipate a 30-50% bullish move.Once confirmed, we will wait for a retest of the breakout level to establish support before entering a long position. Our target for this trade will be set at a 30-50% move to the upside. Risk management measures will be put in place to mitigate any potential losses. Please keep in mind that our ideas are based on our experience and knowledge, and may not be completely accurate as the market is always unpredictable and anything can happen at any time. It is essential to conduct your own research and use your own knowledge when trading. If you are happy with our work, join us
Long
by Crypto-By-Ghazi
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
Long
by TradeIntuition
1
STACKS - Unstoppable One of my favorites and a reliable choice for a very good 3 successful trades. If you are not aware of what STACKS is you should def look into it as it has immense potential going forward. STX is a Bitcoin layer for smart contracts What Is Stacks (STX)? 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. My spot holding have grown from 20 cents to almost x5 and the leveraged trades went even better... Only Bullish on this one as i see 10-18 range for the next 2 years. One Love, The FXPROFESSOR
Long
by FX_Professor
1
Where Will the Pullback on STX End?Stacks (STX) has been one of the best-performing coins on the market this year. The token soared by nearly 500% from January 1st to its high of $1.31 only 18 days ago. However, like most cryptocurrencies, STX is now experiencing a pullback. In this analysis, we'll take a closer look at what's happening with STX and what investors can expect in the coming weeks. What is STX? Stacks is a Bitcoin layer for smart contracts, allowing decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. It unlocks $500B in BTC capital and has knowledge of the full Bitcoin state, with transactions automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower, making it difficult for hackers to re-order transactions. STX managed to break above the $1.00 resistance level that was previously identified in our analysis. However, it was unable to hold the price above this key level, so now it's coming back down. STX’s inability to sustain its price above resistance may indicate that the price level was too high for the market at the moment to sustain. Where does the pullback end? While STX is going through a pullback, the 100 Simple Moving Average (SMA) may halt the downturn. The 100 SMA acts as mobile support, preventing the price from falling below it in most cases. If the 100 SMA breaks, the next support level is around $0.50. It's essential to remember that the current pullback is a normal occurrence in the cryptocurrency market. After massive gains, most cryptocurrencies tend to experience a correction. Typically, coins that start a bull run strongly are the ones that advance the most overall. As such, investors should keep an eye on STX for the potential for another bull run coming in 2024-2025. Bottom Line: Stacks (STX) has been a high-performing cryptocurrency this year, but like all cryptocurrencies, it's experiencing a pullback. However, this is a normal occurrence in the crypto market, and investors should keep a close eye on the support levels and moving averages.
by cryptohopper