$STX Looks Strong: Could It Rally to $7?NASDAQ:STX Looks Strong: Could It Rally to $7?
➡️ Current Trend: Bullish on the higher time frame (HTF).
➡️ Key Support Level: $1.20
If $1.20 holds as support, it’s a very positive sign for STX holders.
➡️ Bull Flag Formation:
- Breakout zone: $1.60 - $1.70
- If STX breaks out of this zone, it could push the price toward $5 - $7.
➡️ Accumulation Zone:
- Above $1 is a good area to accumulate STX.
- Below $1 could be bearish.
Stay sharp and watch these levels.
Stacks
Stacks (STX) Hits New High Compared To April 2021 - Great NewsWe are technical analysts and we love the charts.
We love the candles and the amazing tool that this is.
Since you can get everything from the charts, hardly ever we take the fundamentals into account.
Here is one exception though, we love Stacks as a project and we have been trading this pair for long.
STXBTC (Stacks) hits a new high today compared to April 2021.
Like most Altcoins vs Bitcoin pairs;
The bullish action started after the low set late 2020 early 2021, prices started to grow.
A peak was hit in April (others peaked in March/May) and then we had a correction that ended in a higher low.
Higher lows lead to higher highs...
And now we grow.
After almost 8 longs months, we have a new high which is extremely bullish for this pair and the rest of the Altcoins market as a whole.
Remember, they are all connected.
What one pair those, the rest is sure to follow.
We are set for at least 1 more year of higher highs and higher lows.
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Namaste.