Is STXUSDT About to Explode or Collapse?Yello Paradisers! Could we be on the verge of a major breakout for STXUSDT, or are we staring down a potential breakdown? Let’s dive into the details so you don’t miss out on this crucial moment!
💎STXUSDT has formed a descending channel, and right now, the price is sitting near a key support zone. This combination significantly raises the odds of a bullish move.
💎What we’re looking for is a Change of Character (CHoCH) in the lower time frame from this support zone. If that happens, the probability of a rally increases further, as it suggests a potential double-bottom pattern could be forming.
💎If we see a rise from this level followed by a breakout and a candle closing above the resistance zone, that will confirm the bullish bias. After the formation of a W pattern or a consolidation phase, the odds of a stronger upward move become even higher.
💎However, stay alert. If the price breaks down and we get a candle closing below the support zone, it will invalidate this setup completely.
🎖 As always, discipline is key, Paradisers. Be patient and wait for confirmation. Trading smart and sticking to high-probability setups is how you make it long-term in this game. Stay focused, stay disciplined!
MyCryptoParadise
iFeel the success🌴
STX
$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.
💡Don't miss the great buy opportunity in STXUSD @StacksTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.295).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. STXUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 1.595
TP2= @ 1.769
TP3= @ 1.988
TP4= @ 2.195
TP5= @ 2.465
SL= Break below S2
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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.
Thanks for reading.
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Namaste.