STXUSD Strong bullish extension short-term.

Stacks (STXUSD) has closed above the 1W MA100 (red trend-line) for the first time since March 23 and even though it remains within an 8-month Channel Down, we expect to finally break it upwards as the 1D MACD formed the first Bullish Cross above the 0.00 level since since the start of the Channel Down itself.

To make the bullish case stronger, this is coming off the first 1D Golden Cross in 9 months and we can clearly see a technical Channel Up emerging. We consider this a strong short-term buy opportunity towards Resistance 1 at 0.886750.


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