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Stxusd

STX: Approaching ResistanceTrade setup : Price is in a downtrend, trading below its 200-day moving average. It's also broke below $2.00 support and made a Lower Low, which is also a sign of a downtrend. Price needs to break back above those key levels to resume it's uptrend. Stacks (STX) is a platform for scaling and building on top of Bitcoin. Read our research report. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Down, Medium-term trend is Strong Down and Long-term trend is Strong 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 $1.50, then $1.30. Nearest Resistance Zone is $2.00, then $2.50.
Long
by altFINS
STX/USDT Chart UpdateHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: #STX/USDT is currently experiencing a correction within a larger bullish trend. The price is likely to continue if STX fails to hold the initial support level at $1.7. Key Observations: ~ Initial Support: The price has an initial support level of $1.7, as highlighted in the chart. ~ High Liquidity Range with Strong Support: A significant support zone is identified between $1 to $1.2. This range is marked with a green rectangle and is noted for its high liquidity and strong support characteristics. ~ Moving Average: The 100EMA is an initial resistance for STX. A breakout above it will likely trigger the bullish trend and a rejection will continue the correction phase. ~ Projected Price Movement: The chart projects a potential price drop towards the high liquidity range, suggesting a dip to around $1 to $1.2 before a strong rebound. After reaching the support zone, a bullish reversal is expected, with the price potentially aiming for the upper boundary of the channel, targeting around $7. Best Entry: $1 to $1.2. Targets: T1- $2.42 T2- $3.53 T3- $4.38 T4- $5.74 T5- $6.82 DYOR. NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
1
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.
Long
by TheCryptoCity
Opportunity to buy in STXFrom where we put the red arrow on the chart, STX correction has started. According to STX correction, it is a symmetrical or double. The green range is a good support. By maintaining the green range, it can have an upward return towards the targets specified on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
Stacks (STXUSD): Balanced Strategy for a Solid UpsideFor Stacks (STXUSD), we see a Fair-Value Gap (FVG) on the weekly chart, along with similar gaps on the three-day and daily charts, plus a demand zone below. Our plan is to use these weekly FVGs and the demand zone for Dollar-Cost Averaging (DCA) entry points if the price drops to those levels. We see $1.31 as the maximum downside. On the upside, we aim to reclaim the recent high, with resistance around the three-day gap at $2.64. We're pretty confident that with a well-placed stop-loss, this setup offers a solid chance to build a long swing position. This strategy provides a balanced risk-reward scenario, allowing us to take advantage of potential upward movements while effectively managing the risks. Looking at the annual VWAP for STX, it's crucial because this year's VAL (Volume-Weighted Average Price Low) could act as support, which aligns with our planned entry in the orange zone. This point could be pivotal for holding and supporting STX's price action. On the upside, the annual VAH (Volume-Weighted Average Price High) will serve as resistance. If we flip this level, it could then become support, opening up significant upward potential. While the timing is uncertain, we're ready to see how the price action unfolds, barring any unexpected news. On the quarterly chart, we see a clear picture. Our worst-case scenario is the 2024 Q1 VHL (Volume-Weighted Average Price Low) at $1.56, which is our downside limit. We expect this level to serve as resistance, and currently, we're struggling to surpass it. However, we're focusing on the 2024 Q1 VAL as our critical support, marking it as our worst-case scenario. Overall, breaking through the 2024 Q1 VHL is challenging, but our strategy considers this level, ensuring we're prepared for potential downside movements while aiming for upward targets. Lastly, the monthly chart for STX is more complex. We have the February VAL and January VAH below us, which have acted as support multiple times. If we lose these support levels, they might turn into resistance, possibly causing a reversal before or at the January VWAP. Our first resistance on the way up will be the April VAL of $2.42. There are several resistances to navigate, making it crucial to move carefully. Despite this, we expect a trend reversal soon, but the key question is whether the market will shake out a few more participants before turning upwards.
Long
by freeguy_by_wmc
STX buy setupThe main structure and substructrue are bullish and we also have a liquidity pool above the chart which is expected to be swept soon. By maintaining demand, we expect to move to TP. Closing a daily candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Long
by iMoneyTeam
STACKS & BITCOIN If you have been following crypto market in the last 3 weeks, you will certainly notice the crazy $STX performance, there were red days in crypto market meanwhile $STX was doing daily +10% We have seen how solid Bitcoin was during USDC depeg and during the collapse of $SIVB and Silvergate bank! SPX down while $BTC doing +20% in few days. In a nutshell, only few crypto projects will survive and more chance for those who co-exist with Bitcoin dominance, here comes Stacks. 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. Looking for 3X on this one, holding above $0.5555 is my only buy-condition as this investment is for the long term. For more solid & low risk investment ideas, make sure you follow me.
Long
by dogofwallstreets
1
STX will hit $4-5 in 2024, and top at $40-50 by November 2025Hi everyone! Here is one of my biggest positions in my portfolio, STX, which I have been holding since early 2023 and staking it. Other big investors like Tim Draper are extremely excited about Stacks and Bitcoin L2s, so hit up that Like and Follow buttons and now lets dive in the technicals: Short-term and Mid-term, STACKS or STX is exhibiting relative bullish strength as it is completing two bottoming bull reversal patterns of the trend which if you have been following my analysis for the past 10 years on Tradingview and old or recent publications, is very common in Crypto and Altcoins to do: (1) Adam & Eve at 0.23-0.19c (2) Rounding bottom. STX has still not broken the previous ATH at $3.25 so buying know below $1.81 is still considered an early entry and you could still make a whopping 2,600% in gains if this trade plays out as expected and we top at/near $50 by October 2025 through December 2025. In the incoming days / weeks, I am expecting to see a strong rally (a bit similar to the blue fractal which represents the Gold cycles in the past 10 years~ for reference) towards the previous ATH resistance block at $3.25. I believe that thanks to the Bitcoin ETF recent approvals by the SEC, Crypto is now mainstream and that we should see enough momentum to break up higher and hit $4-5 as a fake out before we pull back down and consolidate between that resistance and the support block at $1.90-1.40~ for the rest of 2024. Looking further ahead at the next bear market of 2026-2027, we can expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $4-5. Best of luck and happy trading! Carl M.
Long
by BitcoinGuru
STXUSD: Sell this rise and target the 1W MA50.Stacks is incredibly overbought on the 1D technical outlook (RSI = 84.093, MACD = 0.150, ADX = 38.340) as the January 22nd 1W rebound is now on the second very aggressive 1D candle. This has completed a +535% growth range from the last HL contact, the exact same rise with the March 20th 2023 HH. We are shorting on this technical sell signal, aiming at the S1 level (TP = 1.25000) a little over the 0.618 Fibonacci level. That will be our new buy entry for the long term and new All Time High. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
BINANCE:STXUSDShort
by InvestingScope
6
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 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