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 🚀
STXUSDT
$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.
STXUSDT touch confluence | Long BiasOn week chart
BINANCE:STXUSDT hit and bounce back from the ascending trend line and Golden Ratio on week chart
On 4H timeframe
BINANCE:STXUSDT had returned to fill orders and bounce back
With signals from week and 4h timeframes, my opinion likely Long bias for this time and wait confirmation to trade
Wait and see
STX ANALYSIS#STX Analysis 🚀🚀
As we can see that #STX is trading in a Descending Channel Pattern in daily time frame and also there is a breakout. After a small retest towards it's support zone we would see a reversal in #STX 💸 💯🚀
💸Current Price -- $1.785
📈Target Price -- $3.000
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#STX #Cryptocurrency #DYOR
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
Potential Bullish Trend for Stacks (STX/USDT)#STX/USDT #Analysis
Description
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+ The chart shows a strong ascending trendline acting as support, originating from the low in mid-2022. This trendline has been respected multiple times, indicating its significance.+
+ The price has broken above the previous resistance zone around $1.90, now acting as a support level.
+ The next major resistance zone is between $3.80 and $4.50, which was previously a strong support zone before the price breakdown in mid-2021.
+ The EMA 100 (blue line) is currently acting as dynamic support, aligning with the ascending trendline and providing additional support to the bullish case.
+ If the price holds above the ascending trendline and the $1.90 support zone, we can expect a retest of the $3.80 - $4.50 resistance zone.
+ A successful breakout above this resistance could see the price targeting the next psychological level around $6.00 and potentially higher to $7.50
+ The RSI is currently at 46.92, which is neutral but showing signs of potential reversal from the oversold region. If the RSI moves above 50, it would support the bullish momentum.
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VectorAlgo Trade Details
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Entry Price: $1.587
Stop Loss: around $1.20
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Target 1: 2.660
Target 2: 4.050
Target 3: 6.00
Target 4: 7.5
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
$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
Stacks bullish scenarioStacks could be forming a bull flag. a technical chart pattern that indicates a potential continuation of an uptrend.
Bulls managed to bounce off the ~$1.25 zone, previously respected by both buyers and sellers.
Now in a tight spot, facing diagonal resistance, potentially being a key zone to break out of a bull flag.
When prices a tightly compressed, a breakout is often more powerful.
A successful breakout could test the March highs of the ~$3.7 zone.
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.
STX Technical AnalysisThe STX/USDT pair analyzes daily price activity and provides major support and resistance levels, trend lines, and key zones of interest. This comprehensive review gives useful information for both traders and investors.
Daily Resistance Zone
The chart shows a strong resistance zone in the Purple area at the upper limit. This zone has consistently stopped upward price movements, indicating significant selling pressure and indicating that it is a critical level for bulls to cross.
Key Resistance Levels
Several resistance levels have been found, including $3.078, $1.959, Blue zone at $2.379 - $2.445, and Green zone at $1.833 - $1.726. Historically acted as barrier, keeping the price from rising. The price reactions at these levels indicate how important they are in the overall market structure.
Descending Channel Trend Lines
The chart shows a descending channel with lower highs and lower lows. The upper boundary of this channel acts as dynamic resistance, while the lower limit provides dynamic support. The price movement within this channel represents the existing downturn, and any break from this pattern could indicate a major change in market sentiment.
Crucial Support Zones
Several support zones are marked, each representing a region where buying interest has previously occurred. The key levels are $1.561, and $1.388, and the monthly support zone in Yellow at $1.162 - $1.282. The Yellow zone has been identified as a strong support level. This monthly support zone indicates a higher level of buying interest. The price has bounced recently from this zone.
Daily Support Zone
A daily support zone has been identified in the Pink at $0.938-$0.989 area. If the price continues to fall, this area might serve as a solid support, offering a potential floor for buyers.
The current price actions of STX show an overall downtrend within a decreasing channel. As the price approaches key support levels at $1.561 and $1.388, these levels will be critical in determining the next directional move. Holding above these support levels may result in a positive reversal move, especially if the price breaks out of the decreasing channel and surpasses the upper resistance levels.
Failure to maintain support at these important levels, on the other hand, might lead to further drops, with the next major support region being the monthly support zone Yellow at $1.162 - $1.282. If the price drops further we might see it to the next daily support zone inPink at $0.938 - $0.989. Traders should keep a careful eye on these key levels for potential trading opportunities, as a breakthrough above the channel trend line and resistance levels could signify a move to bullish momentum, but a breakdown below the support zones might indicate sustained bearish pressure.
#STX/USDT#STX
The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in green at 1.25
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, upon which the price is based higher at the discount
Entry price 1.36
The first target is 1.66
The second goal is 1.91
Third goal 2.20
STX is one of the best coins now...Why? Because it follows BTC so well.
If BTC pumps, STX will also perform well, saving and growing your portfolio. Additionally, it is a fundamentally solid project.
Targets are on the chart.
Invalidation: if the price stays below $1.30 and fails to reclaim it.
Long-term hold until May 2025.
Stacks Crypto Breakout: Must-Watch Resistance and Support LevelsBINANCE:STXUSDT has shown notable upward momentum in recent trading sessions, with closing prices rising consistently. Closing prices have progressed from $1.508 to $1.65, indicating a strong bullish trend. Meanwhile, the 9 Exponential Moving Average (EMA) is currently at $1.5437, while the 20 EMA stands at $1.4816. The positioning of these EMAs suggests that the shorter-term trend is outpacing the longer-term trend, reinforcing the bullish sentiment.
Concurrently, the Moving Average Convergence Divergence (MACD) further supports this bullish outlook. The MACD line has remained above the signal line, with the histogram displaying positive values, highlighting strong upward momentum. Currently, the MACD histogram is at 0.0316, reflecting increasing buying pressure.
Relative Strength Index (RSI) values have surged from 64.65 to 77.09, indicating that STX is approaching overbought territory. This suggests that while the bullish trend is strong, traders should be cautious of potential pullbacks or consolidation phases.
Key levels to watch include immediate resistance at $1.657. A breakout above this level could propel the Stacks crypto price towards the next resistance points at $1.675 and $1.69. These levels are critical, as a successful breach could signal continued upward movement and potentially attract more buyers.
On the downside, support levels are observed at $1.635 and $1.621. Should the price retrace, these levels could provide strong buying opportunities. A further drop might see support at $1.605, which could be crucial in maintaining the overall bullish structure.
For traders looking to capitalize on this trend, potential entry points for long positions could be around the support levels at $1.635 and $1.621, with exit targets set near the resistance levels at $1.675 and $1.69. Conversely, short traders might consider entries near the resistance levels, with exit targets at the immediate support zones to capture potential pullbacks.
In conclusion, the technical indicators for STX on the 4-hour chart exhibit a predominantly bullish outlook. Traders should monitor key resistance and support levels for potential entry and exit points to maximize their trading strategies.
STX ANALYSISSTX's bearish structure is well visible
We have liquidity pools at the bottom of the chart.
We have a supply range that we considered as a POI.
If the price reaches this supply, we will look for sell/short positions
We will also look for buy/long positions in the demand range.
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
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