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Stacks / TetherUS PERPETUAL CONTRACT

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STXUSDT.P trade ideas

STX inside amazing logarithmic parallel channelThis graph portrays STX's *logarithmic* path in WEEKLY. I've added its textbook Elliot Wave pattern to illustrate even more what it's apparently doing. It fits amazingly well inside that parallel channel, with an pixel-perfect bounce at the end of wave 4. Apparently, we have only to wait pattern continuation to uncharted new hights at the end of that wave 5. What will the top number be? I dont know, I'll leave that to the experts. Maybe Fibbonacci will tell us? Please, don not hesitate to share your thougts. Peace
Long
by CryptoTonton
1
STX USDTSTX is currently in a bearish trend and has been moving within a descending channel for approximately 157 days. The chart clearly shows the price making lower highs and lower lows, respecting the boundaries of this channel. At the moment, the price is positioned near a critical juncture where it could potentially break out of this descending channel, signaling a reversal. For a bullish move to occur, STX must break above the channel’s upper boundary. This resistance has acted as a barrier to the price, preventing any significant upward movement.
by TheCryptoCity
Stacks Pre-2025 Bull-Market Accumulation Zone & StrategyFor Stacks, let's consider the action in early 2023 first. There is always a consolidation period between major waves. 1) Bullish-wave. 2) Correction. 3) Accumulation (consolidation period). Chart: Now let's consider present day; 2024. I am doing mainly two things here: (1) Showing you how the market works and (2) supporting my thesis regarding what will happen next in the crypto market. Chart: 1) Strong bullish-wave. 2) Strong correction. 3) Accumulation phase (consolidation period before any new and strong bullish action). Due to the strength of the previous bullish wave the accumulation phase can be longer for this pair. This is just a potential and doesn't necessarily need to happen but the dynamics are not the same here as for a pair which produced minor growth in late 2023/early 2024. This pair might not go to new highs or might outperform the entire market again. We don't know at this point in time how those that moved strongly last year will perform next year. See the XRP Pre-2025 trade for additional information on this point. What we know for sure is that the market never moves in a straight line and is never in a hurry. And even with these uncertainties we can still define an accumulation zone, which is the most important part at this point in the market cycle. What happens if the market runs and everything starts growing instantly 1,000,000% while we wait for the accumulation phase? Nothing. We let go of it and move smoothly to the next pair/chart, the one right next to it. If it runs faster than you can catch it, it means it was not meant for you. But it never means that you need to FOMO or hurry, but, opportunities are endless. In fact, there are so many good opportunities that it is impossible for you to take them all. Let's go back to our usual schedule. Let's remove all doubts and uncertainty. The cryptocurrency market is booming. Bitcoin is growing. Bitcoin and the cryptocurrency market continues to mature, it continues to evolve. The amount of action, the number of participants, the amount of capital now available within the market is much bigger than in years past and it is only set to grow bigger and wider. It is set to get better as more and more countries open up to crypto and all the many benefits this incredible technology has to offer. If Stacks did great last year, with less capital and attention, it can do even better in the future. We will go with the bullish bias. Crypto has been in a very strong growth trend every forever. There is absolutely no reason to assume it will be different this time around specially when the legislative and political situation around world is only improving for this sector of the financial industry. Do we agree on this point? Crypto-bullish!? Sure, or else you wouldn't be reading this. Stack's new All-Time High potential in 2025/26 can reach as high as $10 based on current data and simple Fibonacci extension projections. The key factor as to how inflation will affect our price projections can be completely ignored. All we need to do is buy low to sell high. Buy and hold focusing on the long-term. Tracking such details can become a waste of time and energy. Imagine, just 100% profits is great if you compare it to any other type of venture, anywhere period. Which means that 200% is even better and 300% is absolutely insane. When we aim for winnings such as 10X and higher, we don't need to worry about petty details and that's the purpose of the long-term strategy, i.e., peace of mind. A short-term trader needs to consider such nuances as fees, commissions, slippage and what not, because they are focusing on a 1% move. When you look at the bigger picture, you only have to focus on your life and instead of having to follow the market you let the market take care of you. There are many ways to approach the financial markets. And each and every successful trader uses a different method. So do what works for you. There are not two highly successful traders that do exactly the same, everybody has their own way and that's the way it is. Stacks has been going down for four months. We can expect 3-6 more months before a new trend develops and this trend ought to be an uptrend because we are already experiencing a downtrend. The uptrend is defined as higher highs and higher lows. We want to ride the entire wave all the way to the top. Sell high after buying low. ➖ Buy low —Q3/Q4 2024. ➖ Sell high —late 2025. Easy, isn't it? Get ready for the most profitable bull-market of your life. Namaste.
Long
by MasterAnanda
1
STX NEW UPDATEFrom the data we have on the chart, we can identify a larger pattern for STX. It looks like a larger correction pattern like the diametric is forming. This correction has started from where we placed the red arrow on the chart. The price has reached a SWAP resistance range. The F wave can end around here after a while. G wave can have two targets ahead. I marked the best place for rebuy on the chart. Closing a candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
Potential Bullish Trend for Stacks (STX/USDT)#STX/USDT #Analysis Description --------------------------------------------------------------- + The chart shows a strong ascending trendline acting as support, originating from the low in mid-2022. This trendline has been respected multiple times, indicating its significance.+ + The price has broken above the previous resistance zone around $1.90, now acting as a support level. + The next major resistance zone is between $3.80 and $4.50, which was previously a strong support zone before the price breakdown in mid-2021. + The EMA 100 (blue line) is currently acting as dynamic support, aligning with the ascending trendline and providing additional support to the bullish case. + If the price holds above the ascending trendline and the $1.90 support zone, we can expect a retest of the $3.80 - $4.50 resistance zone. + A successful breakout above this resistance could see the price targeting the next psychological level around $6.00 and potentially higher to $7.50 + The RSI is currently at 46.92, which is neutral but showing signs of potential reversal from the oversold region. If the RSI moves above 50, it would support the bullish momentum. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: $1.587 Stop Loss: around $1.20 ------------------------------ Target 1: 2.660 Target 2: 4.050 Target 3: 6.00 Target 4: 7.5 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
STX Fundamental Analysis : Inflation vs PriceDetailed inflation analysis of STX reveals significant insights into its price action. 2020 - 2021 : During the previous altseason, STX surged by an impressive 3200%, followed by a -78% correction.Subsequently, it experienced a 400% pump, forming a double top, before entering a bear market with a -92% decline. In this period, 60% of the max supply was introduced into the market. 2022-2024 : In this period, only 10% of the max supply was injected , indicating that the dramatic price pumps, dumps, and accumulation phases during this period were not driven by inflation but rather by large stakeholders, or "whales" . Now : Observing the current double bottom formation near a key level, with similar correction patterns(~64%), it suggests that whales will likely push the price upward towards and target a $5 billion market cap . Inflation is expected to be around 1-2% , sufficient to propel the price to a new high that will trigger a bearish divergence, potentially leading to a -90% correction as the bear market ensues.
by Monstralian
STX Potentially BullishNASDAQ:STX is still attempting to reclaim the bullish momentum and so far, the 1.760 zone (Previous Resistance now turned support) seems to be holding. A further bullish push just might lead the start of another bullish push. This does not completely rule out the possibility of another dip in the market. As long as the now found support holds, the bulls will take the lead otherwise, the bears will dominate. I will keep an eye on this closely. Expect updates on #STX as market reveals itself more.
Long
by Mbjoey
STX Technical AnalysisThe STX/USDT pair analyzes daily price activity and provides major support and resistance levels, trend lines, and key zones of interest. This comprehensive review gives useful information for both traders and investors. Daily Resistance Zone The chart shows a strong resistance zone in the Purple area at the upper limit. This zone has consistently stopped upward price movements, indicating significant selling pressure and indicating that it is a critical level for bulls to cross. Key Resistance Levels Several resistance levels have been found, including $3.078, $1.959, Blue zone at $2.379 - $2.445, and Green zone at $1.833 - $1.726. Historically acted as barrier, keeping the price from rising. The price reactions at these levels indicate how important they are in the overall market structure. Descending Channel Trend Lines The chart shows a descending channel with lower highs and lower lows. The upper boundary of this channel acts as dynamic resistance, while the lower limit provides dynamic support. The price movement within this channel represents the existing downturn, and any break from this pattern could indicate a major change in market sentiment. Crucial Support Zones Several support zones are marked, each representing a region where buying interest has previously occurred. The key levels are $1.561, and $1.388, and the monthly support zone in Yellow at $1.162 - $1.282. The Yellow zone has been identified as a strong support level. This monthly support zone indicates a higher level of buying interest. The price has bounced recently from this zone. Daily Support Zone A daily support zone has been identified in the Pink at $0.938-$0.989 area. If the price continues to fall, this area might serve as a solid support, offering a potential floor for buyers. The current price actions of STX show an overall downtrend within a decreasing channel. As the price approaches key support levels at $1.561 and $1.388, these levels will be critical in determining the next directional move. Holding above these support levels may result in a positive reversal move, especially if the price breaks out of the decreasing channel and surpasses the upper resistance levels. Failure to maintain support at these important levels, on the other hand, might lead to further drops, with the next major support region being the monthly support zone Yellow at $1.162 - $1.282. If the price drops further we might see it to the next daily support zone inPink at $0.938 - $0.989. Traders should keep a careful eye on these key levels for potential trading opportunities, as a breakthrough above the channel trend line and resistance levels could signify a move to bullish momentum, but a breakdown below the support zones might indicate sustained bearish pressure.
Long
by TheCryptoCity
4
#STX/USDT#STX The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern We have a bounce from a major support area in green at 1.25 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount Entry price 1.36 The first target is 1.66 The second goal is 1.91 Third goal 2.20
Long
by CryptoAnalystSignal
1
Stacks Crypto Breakout: Must-Watch Resistance and Support LevelsBINANCE:STXUSDT has shown notable upward momentum in recent trading sessions, with closing prices rising consistently. Closing prices have progressed from $1.508 to $1.65, indicating a strong bullish trend. Meanwhile, the 9 Exponential Moving Average (EMA) is currently at $1.5437, while the 20 EMA stands at $1.4816. The positioning of these EMAs suggests that the shorter-term trend is outpacing the longer-term trend, reinforcing the bullish sentiment. Concurrently, the Moving Average Convergence Divergence (MACD) further supports this bullish outlook. The MACD line has remained above the signal line, with the histogram displaying positive values, highlighting strong upward momentum. Currently, the MACD histogram is at 0.0316, reflecting increasing buying pressure. Relative Strength Index (RSI) values have surged from 64.65 to 77.09, indicating that STX is approaching overbought territory. This suggests that while the bullish trend is strong, traders should be cautious of potential pullbacks or consolidation phases. Key levels to watch include immediate resistance at $1.657. A breakout above this level could propel the Stacks crypto price towards the next resistance points at $1.675 and $1.69. These levels are critical, as a successful breach could signal continued upward movement and potentially attract more buyers. On the downside, support levels are observed at $1.635 and $1.621. Should the price retrace, these levels could provide strong buying opportunities. A further drop might see support at $1.605, which could be crucial in maintaining the overall bullish structure. For traders looking to capitalize on this trend, potential entry points for long positions could be around the support levels at $1.635 and $1.621, with exit targets set near the resistance levels at $1.675 and $1.69. Conversely, short traders might consider entries near the resistance levels, with exit targets at the immediate support zones to capture potential pullbacks. In conclusion, the technical indicators for STX on the 4-hour chart exhibit a predominantly bullish outlook. Traders should monitor key resistance and support levels for potential entry and exit points to maximize their trading strategies.
by Ecoinimist