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.
STXUSDT trade ideas
$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
What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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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.
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
STX Hidden Bullish Divergence must hold .14c A 20x next cycle e Not financial advice.
Like and follow
I will say short but I'm super bullish long term.
I believe this token has potential to hit 3.00-5.00 and as high as 10.00 when bullish conditions come back.
I tried to explain as best as I could.
But .14c is the key entry area but also the key area to hold.
We have a Huge Hidden Bullish Divergence on the Stoch Rsi with an optimal entry of around the 25 area on Stoch RSI.
If we happen to lose .14c
I'd look at .03c as entry.
This token is definitely one you don't wanna sleep on Long term.
The potential is thru the roof especially when regulations come this will be one of the few that survive.
Always DYOR
#PIK
Patience is Key
#TLAW
Think Like A Whale
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.
STACKS WARNINGStacks is an open source blockchain network that provides decentralized applications (dApps) and smart contracts for Bitcoin
Think about it! Smart contracts for Bitcoin! This is a huge uncultivated field. No wonder they managed to scam crypto and financial sharks into their project
Their #STX coin is the first coin to have a token sale under the full control of the US Securities and Exchange Commission (SEC). They were able to fulfill all their requirements FIRST!
◻️People like Andreas Antonopoulos and Edward Snowden spoke at conferences dedicated to the project
◻️I will not torture myself and you with complex terms, since almost always the success of a project lies in the team and marketing. A good team doesn't take on a bad project.
◻️According to my information, in the FALL the project plans to attract the giants of the cryptocurrency market, which will give rise to an extensive marketing campaign, which, coupled with innovative developments, should attract the interest of a huge number of retail investors
◻️Especially noteworthy is the fact that #STX is traded on almost all popular cryptocurrency exchanges, and the technical picture for buying is now excellent:
◻️I took 10% of the portfolio without any hesitation. I will hold part of it until the end of the upcoming bullrun, I will leave part of it for a long 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.