STX is in a bullish trend with an RSI around 78. It's bouncing off support at 3.077169300, with an expectation to continue higher past its all-time high of 3.679184348.
STX is on its third cycle within a descending parallel channel. Channels tend to break at this point. However, STX has shown a tendency to hesitate at 1W support/resistance lines, but not to fully reverse until a 1M or greater line. The breaking of the current long-standing rising 2H support in red indicates retail traders are likely to sell short-term.
Red:...
Stacks started its upward impulse wave sooner than others. Back when a harmonic pattern ended and price settled on 0.618 Fibonacci level, STX started a strong upward wave. After a 500% growth, corrective wave started. Now it seems STX posed for continuation. Let's see what happens.
Bitcoin now has a layer 2 system -- Stacks -- and this April, during the Bitcoin halving, Stacks is set to accelerate its confirmation times from 10 minutes, to mere seconds, with the Nakamoto upgrade.
The functionality of Ethereum is now being brought to Bitcoin.
The price of STX has just broken above the previous ATH which will probably become strong suppost for the price. Right now it looks like the price is trying to retest the new support and if it bounces that would be send the price into price discovery.
Anyone who follows me knows i love me some STACKS. Last trade nailed my target and gave us a few more. We can see now price coiling up inti a pinch zone. We have tested this level a few times as support and looks to be ready for another run up. I would like to see macd and rsi break mid and base level then I'll be happy with another run with target of...
This is a weekly chart of STX. Looks like there is a brake out from the golden pocket on a weekly chart.
Looking at the first bull run for STX end up being a measured move that was a double of the range.
Appears to be setting up for ABC retracement of the previous bull run.
STX is closely tied to BTC. There is a macro btc cycle chart attached below
Look at this weekly chart. What can i really say about it that you cant already see. And well if you cant then its time to buy some more. Holding up to the trend you can see price this week with a strong bounce to the topside. New ATH? possible. This is one of my best preforming investments. Bought this well under a dollar and i dont think it will ever see...
20% Overnight Jump: STX price showcases a significant rise with a bullish engulfing candle, indicating strong buyer dominance.
120% Hike in Intraday Trading Volume: The dramatic increase in trading volume underscores the momentum behind the bullish rally.
Trend-based Fibonacci Retracement Prediction: The uptrend is anticipated to easily surpass the $3 barrier...
Stacks is incredibly overbought on the 1D technical outlook (RSI = 84.093, MACD = 0.150, ADX = 38.340) as the January 22nd 1W rebound is now on the second very aggressive 1D candle. This has completed a +535% growth range from the last HL contact, the exact same rise with the March 20th 2023 HH. We are shorting on this technical sell signal, aiming at the S1 level...
By Elliot waves, we know that STX is in its fourth path which is confirmed by Pin Bar 2024-01-08. So forward to the bottom of 0.6.
It will be possible to reach the previous ATH.
Then we will have correction waves ahead.
Pullback Phase in Play: STX price is undergoing a significant pullback, closely testing the 50-day EMA.
Increase in Intraday Trading Volume: A notable surge in trading volume hints at a potential rebound in the STX price.
Potential Challenges Ahead: While a bounce back is on the horizon, it might lack strong momentum but could still aim for the $2 mark.
Market...
When you look for a new coin to invest in, Stacks (stx) might be a good option. Many influencers, analists and coin traders think it will rise high. Some even talk about 1000% within 1 year, but let's keep in real and in the short term.
Now stacks is moving down, while t has gone up for quite a while. The price is consolidating. Every rise in price of an asset,...
This is a direct update to our initial long signal on Stacks (see chart at the bottom), which is so far going according to plan. It just turned overbought on the 1D timeframe (RSI = 72.109) but it is the 1W that is of more concern, which is extremely overbought (RSI = 87.916, MACD = 0.253, ADX = 61.042) and this is why we are doing today's analysis on the 1W...
