Smart Contracts on Bitcoin: Stacks Blockchain PlatformSTX 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.
STXSUSD trade ideas
STX Bearish... for now.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: Bearish with downward breakout toward reversal at the next 3M (2pt dashed) line.
Orange: Bearish with upward short-term breakout and reversal at next 1M (1pt dashed) line.
Yellow: Neutral path, resulting in high volatility in the current open air gap.
Green: Bullish with unlikely reversal at a 1W line.
Friends never let friends leverage crypto: you will get liquidated in both directions.
Stacks STX to $15 by September 2024Bitcoin 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.
STX above previous ATHThe 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.
STX... moments from price discoveryExtra, extra, read all about it! STX moments from price discovery... "all aboard!"
STX Second launch loading 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 3.50. Just keep in mind its very correlated to BTC and will be submissive to BTC moves
Feel free to comment or please boost if you agree Thank you
Stx Weekly Brake Out @the Golden PocketThis 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
STX IS CLEAR FOR LAUNCHLook 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 red. Its a big bull for me on STX
With A 20% Boost, Stacks Closer To $320% 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 within the month.
Rounding Bottom Breakout: The bullish reversal in STX price trend is overcoming resistances, hinting at a robust uptrend towards $3.
Market Recovery Boosts Confidence: The general market recovery is enhancing the confidence among Stacks holders, suggesting a potential for continued uptrend.
Top Performer in Top 100 Coins: Amidst market bullishness, STX emerges as a leading performer with significant gains.
78% Increase in Last Eleven Days: STX's price has surged by 78% over the last eleven days, indicating a strong bull run.
New 52-Week High Formation: The continuous bullish candles signal the formation of a new 52-week high for STX.
MACD and Bollinger Bands Indicators: Both MACD and Bollinger Bands indicate a positive trend and high momentum rally for STX.
Potential Target at $3.37: The Fibonacci level analysis projects an upcoming target of $3.37, marking a 25% jump.
STX Current Price: Trading at $2.665 with a 3.75% intraday jump, STX continues its upward trajectory.
STXUSD: Sell this rise and target the 1W MA50.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 (TP = 1.25000) a little over the 0.618 Fibonacci level. That will be our new buy entry for the long term and new All Time High.
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Stacks in way to major correctionBy 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.
STX Price Pullback Brings A Dip To BUYPullback 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 Downturn Impacts STX: Despite the broader market downtrend, STX shows signs of resilience, clinging to the 50-day EMA.
Buyers Step Up Amidst Bearish Market: A recent uptick in buying activity suggests a possible turnaround for Stacks.
Technical Indicators Mixed: The daily RSI nearing the oversold zone indicates limited reversal potential due to bearish divergence.
Short-Term Recovery Possible: STX's current momentum may sustain the uptrend, potentially retesting the $2 level.
Key Fibonacci Levels to Watch: A rebound might initially target the 23.60% Fibonacci level at $1.66, with further gains requiring a breakout confirmation.
Crucial EMA Support: The 50-day EMA serves as a pivotal support level, with its breach potentially leading to further declines.
Downside Risk Remains: A breakdown below $1.39 could see STX sliding to the $1.12 mark.
Investor Sentiment Key: Market sentiment and investor reaction to broader trends will be critical in STX's price direction.
Cautious Trading Recommended: Sideline traders should seek confirmation signals before entering the market, given the current volatility.
stacks will fill your cupWhen 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, be it a stock, or coin, needs to rest sometimes. It is investing, and some investors want to secure profits, especially after recent gains. When many people do that, the price may drop lower but the initial upward pressure and the strength of the protocol behind the coin itself, say the intrisic value, stays the same or improves.
When the cup is filled, highlighted by the orange line in the graph, stx will reach almost 2, which will be an almost 25% rise on the short term. We are talking about weeks at the most.
Of course, with every coin BTC movements are crucial, but with strong coins like Stacks, we can see they are less vulnarable, and in many cases will retrace to higher grounds sonner after BTC falls a little bit.
STXUSD: One more green week and then correction.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 timeframe.
Our TP = 2.5000 remains but after that we expect a strong correction as not only is the 1W RSI the most overbought in history, but we are about to experience the first ever 1W Golden Cross, which would be a good opportunity for the market to take profits. The downside target is the 0.618 Fibonacci level (TP = 1.20000).
See how our prior idea has worked:
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STX Price Teases Breakout Rally Beyond $2!Diagonal Consolidation Range: STX shows a consolidation pattern in the 4-hour chart with diagonal boundary lines.
Current Market Sentiment: A general bearish trend in the market, with Bitcoin and Ethereum showing declines.
Resistance at $1.79: STX is currently facing resistance at the $1.79 level, a key point for potential breakout.
Potential for a Bullish Breakout: If STX breaks above $1.79, there's a strong possibility of entering a high-momentum bullish phase.
Support from Ascending Trendline: The price has been supported by an ascending trendline in the 4-hour chart.
Indecision in the Market: Lack of clear volume support for either bullish or bearish direction, leading to a sideways trend.
Intraday Growth: STX is showing positive signs with a 1.41% growth in a generally bearish market.
Technical Indicator - RSI: RSI indicates a potential for a comeback, currently supported at the halfway line.
Technical Indicator - MACD: MACD and signal lines are on the verge of a bearish crossover, indicating potential downside risk.
STX Price at Press Time: Trading at $1.69 with potential to test the overhead resistance soon.
Upside Target: If STX breaks through the $1.79 resistance, it could potentially target $2.00 and even $2.15.
Downside Risk: Failure to maintain momentum above $1.50 could lead to a retest of lower levels around $1.20.
Will STX Price Cross $1.75 Or Crash To $1.20?STX Price Lateral Shift: Currently, Stacks (STX) price shows a sideways movement, reflecting market indecision.
Sustaining Above $1.50: Despite volatility, STX holds above the crucial $1.50 mark.
Key Resistance at $1.75: STX faces significant resistance near $1.75, a pivotal barrier for further gains.
Bullish Recovery Risk: The recent 15% gain since the year's start is threatened by current market dynamics.
Volume and Volatility: A noticeable spike in trading volume aligns with marked price volatility, indicating active market participation.
Recent Price Pattern: A long-range Doji candle highlights the current indecisiveness in STX's price movement.
Current Trading Price: STX is trading around $1.5483 with minimal movement, suggesting caution among traders.
Selling Pressure at Higher Levels: Recent price actions show strong selling at higher levels, especially around $1.75.
Technical Indicator - RSI: The Relative Strength Index (RSI) dips below the overbought zone, hinting at a possible loss in bullish momentum.
Technical Indicator - MACD: The Moving Average Convergence Divergence (MACD) indicates a bearish trend with negative alignment.
Potential Bearish Breakdown: The possibility of a bearish breakdown increases if the price fails to sustain current levels.
Upside Potential to $2: If STX maintains above $1.50, there’s potential for an uptrend towards $2. However, failure to hold could lead to a drop to $1.20.
Quick Comeback for Stacks Teases A Bull Run To $1.50Sharp Comeback: STX price stages a strong recovery, testing the rounding bottom pattern successfully.
Recovery Rally: With a lightning-fast rally, STX rebounds above the $1 mark over the weekend.
Potential Breakout at $1.18: STX price hints at a breakout past $1.18, eyeing a target of $1.54.
Strong Start to the Week: STX opens the week with an impressive 8.98% jump, indicating a strong bullish trend.
Top Market Performer: Ranking high in top gainers, STX showcases significant investor interest.
Technical Indicators:
RSI Indicator: Demonstrates bullish dominance as it approaches the overbought zone.
MACD Indicator: Suggests an indecisive trend, despite being in the positive zone.
Rounding Bottom Pattern Retest: STX retests the 38.20% Fibonacci level and the $0.82 neckline, signaling robust market demand.
Bullish Uptrend Possibility: Current trading patterns suggest the potential for a new series of breakout rallies.
$STX almost 200% upside?COINBASE:STXUSD is one of my favorite looking charts for upside potential. STX, $ SYN $ XRP and $MASK are all charts that I've been looking at that haven't run yet.
Therefore, I think they'll be the next set of coins to run after BTC pulls back.
If we look at the chart, you can see STX has broken out of a massive bull pennant and now has formed a bull flag. As long as STX stays within the flag structure, then I lean towards one more move down to test the lows at $.58-$.59 before breaking upwards.
If this were to play out like this, then you can expect between 180%-200% gains from an entry at support. If it breaks upwards sooner than that, then I still expect the targets to remain, you'll just see smaller gains.
Let's keep an eye on this for the next week to see if we can nail and entry and exit.
STX Price Heads To The MOON, Targets $1.79!42% Surge in a Single Session: STX price experiences a remarkable 42% jump in one trading session.
Breakout Rally to $1.20: A lightning-speed breakout rally leads STX to surpass $1 and reach $1.20.
Potential to Reach $1.79: The STX price shows potential to climb to $1.79 before the end of 2023.
Reclaiming the $1 Mark: As previously predicted, Stacks has successfully reclaimed the $1 milestone.
90% Growth in Seven Days: STX demonstrates an impressive 90% growth in the past week.
Double Bottom Reversal: The price action indicates a double bottom reversal, triggering a bullish chain reaction.
Overhead Resistance at $1.21: STX is teasing a breakout at the overhead resistance of $1.21.
Support from Intraday Trading Volumes: The bullish trend is backed by rising intraday trading volumes.
Challenge to 52-Week High: STX is poised to challenge its 52-week high at $1.3250.
Current Trading Price: STX is currently trading at $1.2266, showing a 4.55% intraday growth.
Technical Indicators - RSI: The RSI indicates strong bullish momentum, crossing the 14-day SMA and nearing the halfway mark.
Next Resistance Levels: Post $1.32, the next resistance level is $1.79, beyond the psychological mark of $1.50.
STXUSD: Start of a parabolic rally.Stacks is rising after forming a Golden Cross on the 1D timeframe and turning highly overbought (RSI = 81.130, MACD = 0.059, ADX = 31.757). This comes after a major bullish breakout yesterday as the price crossed over the LH trendline of the December 1st 2021 All Time High. This indicates that the token has officially entered its new Bull Cycle and the onyl pattern that is emerging so far is a Channel Up.
Initially we expect this wave to target the 0.786 Fibonacci level (1.8700) and after a pullback, we will aim at the +535% total rise (TP = 2.5000).
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STXUSD Strong bullish extension short-term.Stacks (STXUSD) has closed above the 1W MA100 (red trend-line) for the first time since March 23 and even though it remains within an 8-month Channel Down, we expect to finally break it upwards as the 1D MACD formed the first Bullish Cross above the 0.00 level since since the start of the Channel Down itself.
To make the bullish case stronger, this is coming off the first 1D Golden Cross in 9 months and we can clearly see a technical Channel Up emerging. We consider this a strong short-term buy opportunity towards Resistance 1 at 0.886750.
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