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#stacks #stx #stackscoin
Hey friends this is a hope you’re well and welcome to the new update on Stacks in today’s video I would like to show you these two breakouts which are happening on the 7 Days time frame chart you can see that stack has broken out this vge here in the month of January
2023 and by the way before breaking out this wge the price and also formed a very huge double bottom pattern as well at this uh long-term support of 20 cents and then got stack inside in another falling W pattern and broke it out as well now if I place this measurement
Tool from this low when we were testing the support of this vadge here up till this High then you can see that so far it has ried more than 935 per and now for the past few weeks it is struggling to break out this long-term resistance
Of $1 and 94 cents that has been previously breaking as a resistance here and support here and now again for the past two weeks it is breaking as a resistance and this is the major support we have here at $124 that has been previously breaking as a uh resistance here and even before
That it has been breaking as a support here as well at the same time we have also found another quite uh steep uptrend line support and resistance uh this is the resistance uh support we have found here and the resistance is here that is the formation of a quite
Steep up Channel by the way if we take a look at the daily time frame chart then you can see that for the past several days the price line is moving very well between the resistance and support of this Channel and in today’s video we will also analyze this move and I would
Also like to show you my most recent trade signal for Stacks that I shared by the way in the month of uh January on 18th of January 2024 with my members uh but almost few hours ago the price line has read the sell Targets on and so far
It has pumped almost 30% but before starting this analysis if you are not subscribe to my channel then do subscribe it and for more trading signals you can also join me and support me as a YouTube member res patreon member because there I’m sharing different trading signals for you and
You can find a link to join me there in the videos description I’ve shared let’s start analysis and first of all let me to begin with my most recent trade signal for STX that I shared by the way on 18th of January 2024 with my members and that was a harmonic bullish versus
GLE pattern that has tax formed on The Daily time frame chart with US dollar pair and if I play this chart then you can see that this time the price and moved slightly down than this potential reversals on but it covered back very soon and geared up and so far it has
Ried almost 30% and still moving to the upside and if you would like to cast each other pumps before they happen then you can also join me and support me as a YouTube member or as a patreon member because there I’m sharing S Trading signal for you and you can find a link
To join me there in the videos description I’ve already shared now let me to take you to the live chart of stxs and first of all let me to show you this daily time frame chart and you can see that for the the past several days
The price and is moving inside the sub Channel and in case of the price and breaks down the support then Target to the down side can be here at the bottom of the channel over there we have a quite long-term support at 38 cents and right now you can see that the price
Line is geared up from the support of this channel now it is struggling to break out this long-term resistance of $1.94 and after breaking it out it can read the resistance of this up Channel somewhere here at $327 and in case of breaking out this up
Channel the target to the upside uh will be here for example if it will break it out from $327 then the target can be at $677 now if we take a look at the weekly time frame chart then you can see that we have already broken out a very big
Falling W pattern this one and after that it was tuck inside in another falling W pattern but got rejected by this long-term resistance of $1.94 now if the price and reaches your resistance of the channel this channel then it can break out this very very long-term resistance of
$1.94 and by the way the target for this huge break out from this big down big falling wed pattern was here at the top of the V that is between $350 to $4 and once the price and will be able to break out this channel then we can expect a
Very very massive Target that will be uh here at $677 this was the update so far I hope that you have like the analysis then do hit the like and do subscribe to the channel as well and for more trading signals you can also join me and support
Me as a YouTube member or as a patreon member because there I’m sharing different trading signal for you and you can find a link to join me there in the videos description I’ve shared take care goodbye