STACKS looks likely to move down | Bitcoin STXBTC

Updated
Stacks STXBTC looks likely to pull back toward it's VWAP fair value as Bitcoin profit taking continues.

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
Comment
snapshot
Update and closer look at the 30 min
staxSTXstxbitcoinSTXBTCstxshortstxusdSupport and ResistanceTrend AnalysisTrend Lines

Disclaimer