KC Strategy on weekly for STXWeekly uptrend, holding the 51 EMA on a higher low, potential hidden bullish divergence forming on RSI and Stochs, low Volatility. At an area where risk can be easily managed.
STXUSD.P trade ideas
STXUSD Last dump before a multi-month rally.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 first week of February.
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Stacks STX New ATH Breaking out! 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 room to grow
Stacks (STXUSD) to break some resistancesStacks (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" 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
Stacks (STX) - November 25Hello?
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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.
(1D chart)
First resistance section: near the 2.55287349 point
Second resistance section: 3.17634175-3.38416449
Support section: 1.72158249-1.92940524
If the price is maintained in the range of 1.92940524-2.55287349, it is expected to renew ATH.
It should rise above the 2.33980519-2.55287349 section to accelerate the uptrend.
If the price declines from the support zone, it may move towards the 1.10302110 point, so trade cautiously.
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(STXBTC 1W chart)
Above the 2735 Satoshi point, we need to see if we can continue the uptrend along the uptrend line.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Bullish momentum takes STX up to $2.20, gaining 7% moreStacks 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 function and started to elevate the price level by taking the bar higher every time.
Yet, there has been no considerable bearish hindrance seen as the bulls continue to rally high on a daily basis, however corrections have been observed on an hourly basis, but they have not impacted the daily uptrend. The next resistance for STX/USD is present at the $2.29 level. On the contrary, support for the coin is present at the $2.04 level, just above the psychological mark of $2.
STX: Conditions similar to the moment before the previous pumpTwo important indicators exhibit noticeable similarities to the point in time just before the previous pump got going:
1. Big market cipher wave beginning to flow upward.
2. ATR came down to basically the exact same value as it was before the pump.
Looking at the situation as a whole, I expect the price to travel down a bit further before then making a strong push back up again.
STX/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
$STX cup and handle?Chart is self-explanatory.
After long consolidation, we formed the descending handle and at any moment we go to the target, which is also 1.618
STX 4 HOUR BULLISH BAT AND GARTLEY STX 4 hour bat backtest confirmed higher low manifests as a gartley pcz at end of falling wedge as well as at a critical inflection point going back to beginning of year (bold white line) , all time 78.6% retracement and local 38.2% retracement , rsi hidden bullish divergence , macd and cmf regular divergence
calling the bottom here on STX provided btc doesnt roll over
huge stx pump coming hidden bull divs , trend line supports, multiple bullish harmonics + successful backtests, stx to continue to outperform btc at a time when many alts are weak, higher highs higher lows, stx is layer 2 bitcoin , gains will compound as btc increases
STX about to pump hardSTX showing strong reaction to bullish bat on 1 hour STX/BTC on 4 hour bullish gartley . negative momentum weak, all emas reclaimed
Stacks' Is Consolidating in a Symmetrical Triangle For NowStacks' (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 stage of development, and it might take a while before it is concluded. If the price remains contained within the current upward and downward sloping trendlines, we will have a valid symmetrical triangle.
On the upside, a break above the downward sloping trendline will open the door for a retest of the short-term resistance level of $2.44.
The current swing high of $2.61 is another technical level that the bulls need to overcome. However, the most important resistance level remains the recent all-time high of $2.90 established on April 5.
The 50-period simple moving average aligns perfectly with the upward sloping trendline to provide more confluence. This means it will be harder for the bears to take charge. However, a downside break will open the door for a retest of support level $1.83.
STX low risk high reward its in the cradle. STX is trending pretty well.
chances of being stopped out are high, so selling half position at target is going to help
Stacks/USD LongStacks has been going up with several retest but on the long run, we can see an uptrend anyways. I have forecasted a bullish trend for Stacks. Let me know what you think about this pair.
Blockstack DECISION TIMEchart 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:)
STACKS STXUSD Massive Breakout Potential1.618 is the target
0.618 is a strong support
Provided a channel for the uptrend run
This looks really good and could run massively
STXSTX 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.
STX - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
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 again.
You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the upper red trendline (1.250) to buy.
Meanwhile, until the buy is activated, STX would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Blockstack stucks in a wide range #Blockstack - Pullback in play. $STX is heading to the bottom of the wide range - a reversal around $ 1.50 is crucial for new #bullish impulses. The uptrend is still valid and could even continue to new targets @ $4.13. Watch out for RSI we need a defense of 48.5 #STX
