- STX is forming an inverse head and shoulders pattern on the daily candles, which is a bullish reversal pattern.
- Volume favors bulls, as there is not any selling pressure.
- All time high resistance 2.85 can act as a resistance.
- The price is above a trendline from 2020.
- For expected duration of the trade, probability, stop loss, profit target, entry...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
STX is sitting around strong demand and round number 1.0 so we will be looking for buy setups.
on H1: STX formed a valid ascending triangle in red but it is not ready to go yet. (projection in purple)
Before we buy, we want the buyers to prove that they are taking over...
This is the first time I'm doing analysis on STX, hope it will work out.
It is also possible that STX will retrace a bit to test the lower edge of the triangle then resume upwards.
Nevertheless, I highly recommend to wait for a breakout and retest confirmation.
#Blockstack - Pullback in play. $STX is heading to the bottom of the wide range - a reversal around $ 1.50 is crucial for new #bullish impulses. The uptrend is still valid and could even continue to new targets @ $4.13. Watch out for RSI we need a defense of 48.5 #STX
STX is innovative project. This coin looks promising, holders will be rewarded. This coin is on our golden altcoins list and we are holding it. If you are Stacks holder you can use stacking (no staking) on their official wallet - Stacks wallet. You can earn free BTC by this method.
If you want to know our golden list of altcoins for this bullrun and play with us...
On small time period one hour chart, the price action of Blockstack (STX) is completing the final leg of Cypher pattern , and soon it will be entered in potential reversal zone. There is also 200 simple moving average support in PRZ level.
Buying And Sell Targets:
The buying and sell targets according to BAT pattern should be:
Potential reversal or buying...
STXUSDT LONG TRADE
Signal: Blue -> Green
Context: Light Green
Trade close manually when: the above ribbons turns Yellow or better Red.
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This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own...
The project has backing from venture capitalist mainstays like Union Square Ventures, Digital Currency Group, and 20 others. It’s secured $75 million in funding to date... including $23 million via the first Regulation A+ token offering ever. (A Regulation A+ deal allows non-accredited investors to invest in private projects.)
The Blockstack network launched in...
💎Technical Analysis Summary💎
-STX confirms the bear flag a few days ago
-The rising channel broke to the downside
-If the bears can control this downward pressure
-The potential target is somewhere 1000s sat level
-That is strong support where we saw bullish price reaction
A big Thanks for donating 💰 via Tradingview coins this week to ...
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...