Stacks STXBTC looks likely to pull back toward it's VWAP fair value as Bitcoin profit taking continues.
BINANCE: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...
STX is a good project. You can earn BTC by staking your STX coins.
STX is standing on the red trendline. If this trendline going to be broken, I guess it can fall back to 0.5$. In my opinion, this area is a strong buy area.
In case of bounce, if it can menage to go above 2.8$ next target will be the upper trendline.
This is my trial. Not a financial advice.
Mainnet launch:
The Blockstack has a significant event of mainnet launch expected on 30 Sep or earlier. This event is also mentioned on STX coin’s roadmap.
The Channel:
The priceline of STX was moving in a parallel channel and finally broke out the resistance of the channel. Now the previous resistance is working as support and the priceline is re-testing this...
The priceline of STXBTC is forming continuously 2nd BAT pattern. The targets are as below:
Buy between: 0.00001625 to 0.00001530 btc (this should be stop loss as well)
Sell between: 0.00001850 to 0.00002196 btc
Regards,
Atif Akbar (moon333)
As we have already discussed in my previous articles that the mainnet launch of Blockstack coin is expected on 30th September 2020 or earlier. This is one of the most significant upcoming event of STX coin that can lead the price action to start a very powerful bullish rally soon.
The re-testing of channel’s resistance as support:
In my previous article we have...
BINANCE: STXBTC
-Blockstack penetrated the potential support at 1700 sat range
-The next key area to be watching is around 1300 sat
-The RSI is near the oversold level, there is a chance of a bounce reaction
-If the price reached this level wait for any reaction
-Enter only once there are potential reversal signals
-Analyze Bitcoin's next move also to predict...
Hey, friends hope you are well and welcome to the new update on Blockstack coin. In my previous article we have discussed that the STX coin was moving in a parallel channel and we also had received different bullish signals giving clear indications that the price action may breakout the resistance of the channel very soon. The moon phases indicator was showing the...
STX is in the accumulation zone and ready for a jump. We can consider buying in the 1400sts zone, the target will be the 1750 - 2000 - 2500 or even 3500sts after September.
This analysis will be invalid if the price breaks the 1200sts zone
STX is trying to break out and its target should be 2000sts in June. But 1600sts is very strong that may make STX dump a little to the range of 1250-1350sts before pump to 2000sts.
![STXBTC: Blockstack [STX / BTC] on July 8 (#STX #STXBTC)](https://s3.tradingview.com/k/Kqx8F62L_mid.png "Blockstack [STX / BTC] on July 8 (#STX #STXBTC)")
