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STXUSDT

$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
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
Located in an important volume profile sectionHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (STXUSDT chart) The key is whether it can be supported around 0.8395-0.9983. If it is supported in the 0.8395-0.9983 interval, 1st: 1.5327 2nd: 2.0316 It is expected to rise around the 1st and 2nd. but, Looking at the 1W chart, since the 1.2520 point has been serving as support and resistance for a long time, we need to see if we can break through this point upwards. If it falls below 0.8395, 1st: 0.6560 2nd: 0.4010 You need to check if it is supported in the vicinity of the 1st and 2nd order. The current price level is in the important support and resistance zone, so if it moves sideways in this zone, it is important whether the HA-High indicator on the 1W or 1M chart is created by a decline. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
9
Stacks (STX) set to reach $15 by January 2024After carefully analysing all the Fib tools on the hourly chart, I've revised my price prediction for $15 as the most likely scenario for this cycle, ending in January 2024. Looking at the 2 and 3-day chart, it's clear that Stacks has found reliable support at the 0.236 Fib level. Excitingly, we could see $1.57 being tested next week, paving the way for a potential all-time high. The #STXBTC trading pair is already close to reaching this milestone. Stay tuned for the chart I'll be posting later!
Long
by joerivdpol