Stacks has been trading within a long-term Channel Up since the start of 2020 and is about to form a 1D MA50/ MA100 Bearish Cross. This is similar to the Bearish Cross of October 10 2020, which was the cross that paved the way for a 3 month rally. The 1D LMACD sequence between the two fractals is also identical. We should be expecting a bullish break-out by the...
Stacks , STX built on Bitcoin Blockchain, miner of MiamiCoin MIA, and now NewYorkCityCoin NYCCoin ( be careful there is another New York Coin that is NOT this NYC...
Anyway... 2 different patterns , 2 different measured moves. Hit the small one first, then a small retrace, then hit the 1.618 FIB at $5.00 which is also a big psychological barrier too, ranked #51...
Stacks (STXUSD) to break some resistances.
Those are at current price level for a new ATH.
But also in the OBV and later at the critical RSI-level.
But specifically the OBV is rising in a stable way.
And still some space until the above mentioned RSI "danger zone" 😎
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(STXUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.35034579-0.47505249 section: expected to continue upward trend
0.99833499-1.10302110 or higher: Expected to create a new wave.
Stacks price analysis is bullish today.
Resistance is found at $2.29.
Strong support is present at $2.04.
The Stacks price analysis shows bullish momentum is taking the price higher every day. The recent bullish wave had brought brighter prospects for STX/USD as the crypto pair had gained significant value since 19th November, when the bulls took over the price...
Stacks' (STX) rally has paused, and a very volatile consolidation seems to be taking place in the form of a symmetrical triangle. While the symmetrical triangle is a neutral chart pattern, when it appears within an established trend, it tends to break in the direction of the prevailing trend.
Symmetrical Triangle Pattern
The symmetrical triangle is in the early...
chart looks very good. If it flips the diagonal (blue dotted line) resistance then it will go much higher. If not, I think it will consolidate more and eventually break it.
I hope you found the idea interesting:)
STX is currently trading above the support zone at $0.89. If it can stay above this support zone, we could start seeing a move towards $1.25, $1.36 and $1.49. If it can flip the resistance at $1.49 to support, we could start seeing a higher move towards $1.72, $2.29 and $3.22. Failure to hold the support at $0.89 could lead to a drop towards $0.79, $0.70 and $0.58.
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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...