STXUSDT
$STX - Bullish Pennant Breakout Entry$STX is in news after publication by LunarCrush. On Daily and Weekly it's showing a heavily bullish sign, this is 4h timeframe and it did a breakout from pennant which is ascending means forming HL but also LH.
I have kept two targets, first target is a resistance on Daily and second target is a Weekly resistance.
You can either enter if price comes back for a retest at breakout level or you can take entry at any level in between, but I technically believe that bullish momentum is strong and price might not come back for a retest.
Plan your trade and DYOR.
STX/USDT headed to $1.00+ STX/USDT is headed to a psychological $1 (I think).
Note the Purple Candles by Sam indicator (purple candles). The indicator is here on TradingView.
Have a trailing take profit just before $1 - as it might run past that.
Squeeze indicator looking strong and DI/ADX is turning up.
STXUSDT(Stacks) Daily tf Range Updated till 23-02-23STXUSDT(Stacks) Daily timeframe range. from its local low it retraced back to 320%+ thats actually quite insane. it needs little bit more volume to push toward 1.0276#. after that it got midrange which is 1.300#.but that depends how retail interest keeps up.
STX is at resistance again.Blockstack PBC, a software business that seeks to establish a decentralized internet, developed the cryptocurrency STX. The native coin of the Blockstack network, which employs a particular blockchain created to support safe, decentralized apps, is called STX.
The Blockstack ecosystem, which includes the Stacks blockchain and the decentralized apps developed on top of it, is powered by STX. STX is a key component of Blockstack's vision of a user-centric internet where people control their data and identities.
Within the Blockstack ecosystem, STX may be utilized for several things, including:
Using the Stacks blockchain and paying transaction costs
Participating in the Blockstack consensus method through stake
By rewarding users for contributing to the network and participating in governance procedures, the network can encourage developers to create new decentralized apps.
There are two support levels on the way down, and two resistance zones on the way up. One of the resistance levels is very strong and can push the price down for now.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
STXUSDT is preparing for an impulsive wave 3 It appears that STXUSDT is preparing for an impulsive wave 3. Support has been found at the 0.618 Fibonacci level, and by using Fibonacci extension, the following resistance points have been identified. Although it's just a possibility at this point, $STXUSDT could be quite intriguing.
$STX/#USDT [#Stacks]: Resistance_Breakout_ConfirmationWe've detected a Resistance Breakout and Confirmation on the $STX / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.331 | 0.366 | 0.428 and the major support zones are respectively at 0.269 | 0.242 | 0.18. We may consider entering a trade at the current price zone at 0.3222 and targetting higher levels.
Technical Metrics :
Current price: 0.3222
24H Volume: 7,358,644.3417 ₮
24H Price change: 10.912%
- Pivot Points - Levels :
Resistance: 0.331 | 0.366 | 0.428
Support: 0.269 | 0.242 | 0.18
Indicators recommandation :
Oscillators: BUY
Moving Averages: STRONG_BUY
Technical Indicators Summary : STRONG_BUY
- In-depth STXUSDT technical analysis on > Tradingview TA page
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STX/USDT | Pretty Solid Breakout..!!
#STX Falling Wedge Breakout has Confirmed in the Daily TF Chart..!!
Looks Promising for the Midterm Hold..
Expecting +200-250% Bullish Wave in the Midterm So Keep it under the Radar.
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STX 1$ Resistence ZoneBINANCE:STXUSDT
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Possible Targets
➡️globally we came in to -0.27 Zone (usually play like accumulation zone for investors)
➡️Main support area in case if BTC drop again to test 19-17K STX should hold 0.30 cent
➡️ We going out of global downtrend line since November 2021
➡️ Next resistance zones where we can going down again marked on chart
➡️ Main resistance zone and psychological level is 1$ where I think we will find huge sales and come back to test main support zone in September-October again.
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STXUSDT: Flexible Trading PlanLet's consider an excellent situation on the STXUSDT.
Based on the current wave structure, I plan the opening of a long position or the opening of a short position.
On the one hand, the current corrective in wave 4 may end up forming a WXY pattern; on the other hand, the current corrective pattern in wave 4 may end up forming a triangle pattern.
It is advisable to open a long position at a breakdown of the top of the presumed wave 1 in wave C of wave Y (after the completion of wave 1 and the formation of a local correction in wave 2).
Opening a short position is relevant in case of a breakdown of the low of the triangle pattern - the minimum of wave D.
In both cases, with a moderately aggressive approach, it is possible to extract a good profit in a short period of time.
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I found another coin for the long term, I think that due to the fall of bitcoin below $ 20,000, the price will test the $ 0.269 zone, this can be called a zone of interest for buying in the long term.
The asset is moving in a downward wedge, I think that in a month or maybe less, the price will be able to break through the resistance level of the pattern and show us the profit movement)
STXUSDT | BREAKING OUTSTXUSDT has given a breakout from the falling resistance trendline. We are expecting a retest to the level again and more confirmed once the horizontal level is taken out.
One can build a position with mentioned stop loss level and ride the upcoming bullish trend.
Trade your levels accordingly.
Stacks has bottomed at the 0.618 Fibonacci retracementSTXUSDT has put down a textbook 0.618 Fibonacci retracement correction on the weekly chart.
In my Elliott Wave count, the last impulsive wave was a truncated fifth. In a new wave count, the retracement to the 0.618 Fibonacci is a corrective wave 2. Such a correction is not unusual for a corrective Wave 2.
The Tom Demark (TD) Sequential Indicator indicates a 9-candle count. This usually means that a bottom has been reached and a trend reversal will occur. It indicates a set-up to take a position in the market.
I have additionally used the Chris Moody Indicator "RSI Strategy Lower". This indicates by means of the RSI that a bottom has been reached. This can also be seen by the formed horizontal green line; this is now starting to move upwards.
If STXUSDT is preparing for an impulsive wave 3, interesting times are coming...
Long STX\USDTlooking at a longer period …
Stacks is a layer-1 blockchain solution that is designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful — including its security and stability.
STX/USDT Technical analysis CRYPTOCurrent technical analysis for STX/USDT if you have any questions or criticism towards my analysis feel free to leave them in the comments!
FORECAST FOR ONLY IF PRICE REACHES THE TARGETS IF IT DOES NOT THEN THIS GRAPH DOES NOT IMPLY TOWARDS ANY OTHER PRICE TARGET!!!
Red line = current support
Orange line = current resistance
Yellow line = future resistance
Green line = future resistance
White arrows = what i think will happen
Yellow line = can happen but less likely
FORECAST ONLY FOR WHETHER THE PRICE WILL REACH THE BOTTOM OF THE DIAGONAL SUPPORT IF IT DOES NOT IT MAY BREAK THROUGH AND ENTER MUDDY GROUNDS!!!