Downloading...
Download

Stacks

Stacks (STXUSD): Balanced Strategy for a Solid UpsideFor Stacks (STXUSD), we see a Fair-Value Gap (FVG) on the weekly chart, along with similar gaps on the three-day and daily charts, plus a demand zone below. Our plan is to use these weekly FVGs and the demand zone for Dollar-Cost Averaging (DCA) entry points if the price drops to those levels. We see $1.31 as the maximum downside. On the upside, we aim to reclaim the recent high, with resistance around the three-day gap at $2.64. We're pretty confident that with a well-placed stop-loss, this setup offers a solid chance to build a long swing position. This strategy provides a balanced risk-reward scenario, allowing us to take advantage of potential upward movements while effectively managing the risks. Looking at the annual VWAP for STX, it's crucial because this year's VAL (Volume-Weighted Average Price Low) could act as support, which aligns with our planned entry in the orange zone. This point could be pivotal for holding and supporting STX's price action. On the upside, the annual VAH (Volume-Weighted Average Price High) will serve as resistance. If we flip this level, it could then become support, opening up significant upward potential. While the timing is uncertain, we're ready to see how the price action unfolds, barring any unexpected news. On the quarterly chart, we see a clear picture. Our worst-case scenario is the 2024 Q1 VHL (Volume-Weighted Average Price Low) at $1.56, which is our downside limit. We expect this level to serve as resistance, and currently, we're struggling to surpass it. However, we're focusing on the 2024 Q1 VAL as our critical support, marking it as our worst-case scenario. Overall, breaking through the 2024 Q1 VHL is challenging, but our strategy considers this level, ensuring we're prepared for potential downside movements while aiming for upward targets. Lastly, the monthly chart for STX is more complex. We have the February VAL and January VAH below us, which have acted as support multiple times. If we lose these support levels, they might turn into resistance, possibly causing a reversal before or at the January VWAP. Our first resistance on the way up will be the April VAL of $2.42. There are several resistances to navigate, making it crucial to move carefully. Despite this, we expect a trend reversal soon, but the key question is whether the market will shake out a few more participants before turning upwards.
Long
by freeguy_by_wmc
STX Analysis: Eyeing Bullish ReversalKey Levels: Support Level: 1.92 USDT (marked on the chart) 1.56 USDT (next major support below) Resistance Level: 2.15 USDT (immediate resistance marked on the chart) 2.38 USDT (secondary resistance above) 3.10 USDT (projected upper target) Current Trend: The price is currently in a downward channel, indicated by the trend lines converging downwards. There has been a consistent lower high and lower low pattern, characteristic of a downtrend. Technical Indicators: Stochastic RSI: The Stochastic RSI is currently around 53.10, which is in the neutral zone but close to being oversold. This could suggest a potential for a reversal if it moves further down into the oversold territory (below 20). Volume: The volume shows some green bars, indicating buying interest at lower levels, which could support a potential reversal or bounce from current levels. Potential Scenarios: Bullish Scenario: First Target: The price may attempt to break the immediate resistance at 2.15 USDT. Next Target: If it successfully breaks above 2.15 USDT, the next resistance level to watch is 2.38 USDT. Upper Target: A significant bullish move could see the price reaching up to 3.10 USDT, as indicated on the chart. Bearish Scenario: Immediate Support: The price might retest the support level at 1.92 USDT. Next Support: If the 1.92 USDT level fails to hold, the next support is at 1.56 USDT. Trading Strategy: Long Position : Consider entering a long position if the price shows a strong reversal signal from the support level at 1.92 USDT, with a stop loss just below the support. Short Position : Consider shorting if the price breaks below 1.92 USDT, targeting the next support at 1.56 USDT, with a stop loss just above 1.92 USDT.
Long
by Z4F4R
STX/USDT bullish reversal form key support? 👀 🚀STX analysis💎Paradisers! #STXUSDT looks like it's getting ready to climb. If it can keep up its energy at a crucial support level $2.3741 and bounce back, there's a good chance it'll start moving up, aiming to get past a big obstacle. 💎 Watching Closely: Right now, the price of #STACKS is heading towards an important level, and we're waiting to see how it behaves. Being patient and keeping a sharp eye out is crucial in trading. Looking back, we've seen the price respect this spot twice. However, on its third approach, a break occurred due to factors like Fair Value Gap (FVG), liquidity and OB right below the support. 💎Plan B: As smart traders, we always have a backup plan. If our hope for a rise at this spot doesn't happen and the price falls further, we'll change our game plan. We're looking at a potential bounce back from a lower spot at $2.0669, attracted by some strong market interest there that could push the price up again. If it falls below this, we might see it drop more. 💎 Flexible Moves: Paradisers, this situation shows why it's important to be flexible with our trading strategies. By watching closely and being ready to change plans based on what's happening, we set ourselves up for success. Your ParadiseTeam is here to help guide you through these market waves, making sure you're ready for whatever comes next.
Long
by MyCryptoParadise
1
$stx stacks rounded bottom pattern... Bigger Picture!NASDAQ:STX Stacks price action is currently forming a rounded bottom pattern on the weekly timeframe! Current price: $2.9 #stacks price action is around it's previous all time high of 2021, forming a neckline resistance between 2.7-2.9. NASDAQ:STX continuous rejection of neckline resistance will make for buy the dips opportunities at these supports: 2.4, 2.2, 1.8 Else A break out neckline resistance will lead to price discovery with resistances: 3.3, 3.6, 4.0, 4.4, 4.7, 5.1, 5.4
Long
by Ifiok-Trades
STACKS & BITCOIN If you have been following crypto market in the last 3 weeks, you will certainly notice the crazy $STX performance, there were red days in crypto market meanwhile $STX was doing daily +10% We have seen how solid Bitcoin was during USDC depeg and during the collapse of $SIVB and Silvergate bank! SPX down while $BTC doing +20% in few days. In a nutshell, only few crypto projects will survive and more chance for those who co-exist with Bitcoin dominance, here comes Stacks. Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Looking for 3X on this one, holding above $0.5555 is my only buy-condition as this investment is for the long term. For more solid & low risk investment ideas, make sure you follow me.
Long
by dogofwallstreets
1
STX/USDT SPOT buy/sell zoonesMy minimal target for STX bull run is previous height above 3,66$. I dont feel too much pressure tu buy STX becouse i bought mine at 0.5$ but if i would buy more it will be this places. BUY First buy zoone is a bit risky but it's the most recent and seems better than the lower one. Double green marked zoone means that this place is best of this whole area. Second buy zoone I dont trust this zoone. Of course i will seek long in this place if the chart will form liquidity above the box but i am not that confident to set there positions with chill. I am worried about recent similiar lows (3 in this case, for me must have to push below) Gold zoones are places that i am the most confident about future movement from this places. If price reach this place it can't rail it without any stop. But even if they look best for trades we don't have guarantee that the price will be there in near future. SELL Sell zoones are not easy to find there becouse this coin had big dump after release. Gold zoones above actual price defines places where Imbalances(FVG or few of them) and breaker/order blocks combine. I won't place sell orders there, i will seek for the distribution There are two big sell zoones marked. 1st one is more real, x3 will make STX reach 30bil$ MCap which i think is real target in bull run.
Long
by HallFer
STX/USDT Bullish ride boom from demand?🚀 STX Analysis💎 Yello ladies and gentlemen! Get ready for an exciting chance with #STXUSDT as we've spotted it bouncing around in a range, hinting at potential price movements ahead. 💎 Checking out #STACKS, it's been giving a nod to its short-term resistance (RI). We're eyeing a bullish leap from the demand zone at $1.4324, but that's banking on the price keeping up its energy at this level. If it manages to do so, we might just see it bust through RI and embark on a bullish journey. 💎 Ready to catch every opportunity? Keep your eyes peeled if the NASDAQ:STX slips below the DZ. In that case, a cool, calculated wait for a bullish swing from the lower demand zone at $1.1776 is the move, thanks to the juicy liquidity waiting there. Dipping below that? Brace for a possible dip.
Long
by MyCryptoParadise
STX will hit $4-5 in 2024, and top at $40-50 by November 2025Hi everyone! Here is one of my biggest positions in my portfolio, STX, which I have been holding since early 2023 and staking it. Other big investors like Tim Draper are extremely excited about Stacks and Bitcoin L2s, so hit up that Like and Follow buttons and now lets dive in the technicals: Short-term and Mid-term, STACKS or STX is exhibiting relative bullish strength as it is completing two bottoming bull reversal patterns of the trend which if you have been following my analysis for the past 10 years on Tradingview and old or recent publications, is very common in Crypto and Altcoins to do: (1) Adam & Eve at 0.23-0.19c (2) Rounding bottom. STX has still not broken the previous ATH at $3.25 so buying know below $1.81 is still considered an early entry and you could still make a whopping 2,600% in gains if this trade plays out as expected and we top at/near $50 by October 2025 through December 2025. In the incoming days / weeks, I am expecting to see a strong rally (a bit similar to the blue fractal which represents the Gold cycles in the past 10 years~ for reference) towards the previous ATH resistance block at $3.25. I believe that thanks to the Bitcoin ETF recent approvals by the SEC, Crypto is now mainstream and that we should see enough momentum to break up higher and hit $4-5 as a fake out before we pull back down and consolidate between that resistance and the support block at $1.90-1.40~ for the rest of 2024. Looking further ahead at the next bear market of 2026-2027, we can expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $4-5. Best of luck and happy trading! Carl M.
Long
by BitcoinGuru
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. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
BINANCE:STXUSDShort
by InvestingScope
6
STX Price TrendAt present, the price is positioned within the range delineated by the resistance box. Should positive and ascending patterns emerge in this region, it is anticipated that the price trend of STX will shift into an upward trajectory. Conversely, if the price breaches and falls below the base of the box, it is projected to descend further, potentially reaching the lower boundary of the ascending channel. (All analyses will be updated) This analysis is informational, not financial advice. Good luck!
by MonoCoinSignal