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Stacks(STX) Technical Analysis: STX Price Feared to Lose $1

Stacks (STX) Technical Analysis

Key Takeaways

Stacks(STX) Technical-Analysis for Today: 09 March 2022

The Stacks price consolidated for the first couple of days this month and quickly fell deep down the cliff to hit levels close to $1. Currently, it is attempting a notable flip to reach out the safe zone above $1.2. But the bears appear to have jumped in and may shed some of the gains. 

The STX price at the press time is $1.12 with a jump of nearly 6.44% compared to the previous day’s close. Yet the trading volume is down by more than 9% while the market capitalization has surged by more than 6%.

Stacks(STX) Technical Analysis at a Glance

After trending within a very narrow range from the past couple of days. The STX price broke above the consolidation and rose by more than 6% since the early trading hours. After rising high a significant chance of a correction or pullback is much expected in the next couple of hours.

Short-Term The price rises above the accumulation and currently appears exhausted and hence a minor pullback expected
Mid-Term STX price is slowing rising high, trying to prevent pullbacks and hence $1.18 levels appear achievable soon
Long-Term The asset after bottoming hard attempts a flip, yet the rebound is not validated yet as the bears still are pretty active

Additional Read: Top Crypto News Today, 9 March 2022.

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1Hr / 1D) Action (1Hr / 1D)
Relative Strength Index(RSI) 74.25 / 40.5 Buy / Sell
MACD(12,26) 0.015 / -0.090 Buy / Sell
Average Directional Index(ADX) 35.4 / 37.6 Buy / Sell
Bull-Bear Power 0.05 / -0.12 Buy/ Sell

Pivot Levels

Pivot Levels Short-Term Long-term
Moving Average(MA)-50 $1.06 $1.39
Moving Average(MA)-200 $1.14 $1.78
Resistance $1.138 $2.4
Support $1.048 $0.79

Oscillators

Oscillators Short-Term Long-Term
Stochastic Oscillator 83.07 24.1
Ultimate Oscillator 69.01 42.6
Average True Range(ATR) 0.0129 0.08
CCI 121.3 -62.56

The Stacks(STX) price is extremely bullish in the short-term while mostly bearish in the long term. Also, the price has surpassed the 50-day MA levels indicating the ignition of the bullish trend. However, a pretty long way to go to validate the uptrend as the local resistance and the 200-day MA levels in STF are pretty distinct. 

Yet the asset is less volatile therefore a slow and steady rise may be expected further. Once the price settles beyond $1.5, a constant uptrend may be imminent. But the long term is extremely bearish and hence a cautious move needs to be carried out. 

Additional Read: What is Stacks (STX)?

STX /USDT Technical-Analysis for Short-Term

Source: Tradingview

STX/USDT Technical Analysis for Long-Term

Source: Tradingview

Where & How to Buy Stacks(STX coin)

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