💎 Paradisers, direct your attention to #STXUSDT as it showcases a compelling pattern. Currently trading within a consistent range, the asset exhibits a high probability of a bullish breakout.
💎 In the past, #STACKS has demonstrated a trend of following a descending trendline, breaking above it to initiate an upward movement. It has been faithfully adhering to a...
Long term analysis
STX has performed very well during the last bull run.
After a deep correction during the bear market, STX showed good signs of life (interest from market participants) from February 2023 with great price surge alongside increased volumes.
Every past golden crosses (MA crossing, see orange circles) developed into a significant upward movement...
$STXUSD has now beautifully broken out of the triangle after an impressive textbook correction at the 0.618 Fibonacci retracement.
This type of correction is a typical feature of wave 2 in an Elliot wave count, which indicates that $STXUSDT is now ready to embark on its third impulsive wave, often referred to as the most explosive one.
Considering the increasing...
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the STX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Yello Paradisers, Stacks Analysis: Navigating a Bearish Trend
💎 STX recently faced a rejection after hitting the supply zone, continuing its downward trajectory.
💎 Currently, it's approaching a demand zone where it could potentially bounce for a short upward leg before resuming its decline.
💎 In terms of the overall trend, STX remains bearish. Therefore, for...
The price action of BINANCE:STXUSDT (Stacks) presents an intriguing setup that resembles the Adam & Eve reversal pattern. Recent developments include a bullish breakout from a Falling Wedge pattern, suggesting potential upward momentum.
Key Target Levels:
Target 1: $0.53
Target 2: $0.57
Target 3: $0.59
Target 4: $0.64
Target 5: $0.68
By examining the waves, we can see that we are in a diametric that we are now ascending for the F wave of this diametric.
The green area is a good place to buy.
Do not enter a position without trading setup, stop setting, volume and leverage management
💎 STX has undeniably caught our attention. Presently, STX has achieved a breakout from the ascending pattern, marking a valid phase for retesting.
💎 STX now stands poised for further upward progression, evidenced by the robust green candle's rebound from the retesting phase at the previous supply-now-demand zone. The forthcoming target for STX is the supply...
Trade setup : Following a bullish breakout from Descending Triangle pattern, price rallied 30% and reached our target of 200-Day moving average ($0.61). It is getting overbought (RSI > 70), so near-term, we could see some profit taking, which could be a swing entry opportunity. Stacks (STX) is a platform for scaling and building on top of Bitcoin.
sed on the given market data, it is observed that the STX coin is currently priced at $0.6096. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 67.30, 78.01, and 53.87 respectively. The RSI values show that the coin is neither in the overbought nor in the oversold zone, indicating a balanced demand and supply scenario.
The Moving Average...
The price of Stacks is $0.76 today with a 24hour trading volume of 250 million dollars. This represents a 12% price increase in the last 24 hours and a 160% price increase in the past 14 days
Stacks is a layer1 blockchain solution that is designed to bring smart contracts and decentralized applications to Bitcoin. These smart contracts are brought to Bitcoin...
In our post about STX symmetric triangle, we let you know STX will pump hard if breakout and retest the symmetric triangle…. As we can see STX did good pump after breakout and retest.
But right now we need to listen to what the PA (Price Action) is saying as we are currently facing daily resistance and 4hrs TF resistance…. I’m expecting a little correction here...
The price broke the descending triangle and has been falling since last March
With an oversold presence on the MACD
We expect an upward wave heading to 150% of the current price
Entry areas from
With a goal of 0.4000 to 0.5200
With a goal of 0.8900
We expect the price sequence to rise