STX Looks Ready To 5x By End of 2024
With this week's FOMC .50 Bp rate cut -- The Bull is Back Baby.
I've been buying BTC and SOL since last week, but now many of the alts are shaping up nicely.
One I like in particular is STX (Stacks) which essentially makes Bitcoin better.
The weekly chart looks very interesting here, coming out of a Buy Limit Order Block, and holding it's longer term trendline, back above it's 21 and 50 day EMA's.
The last local top was a projection from the prior dip and a 3.618 Fibonacci extension.
The same 3.618 projection points toward $10 which I think is a reasonable target by the end of 2024, which would be a 5x from here.
Plus our weekly Trend Strength Indicator is turning Green for first time since Jan 2023.
Many Alts are looking interesting, but I like this project and have been waiting for the ideal time to start building a position, so I'm going to start building here.
Let me know what you think, and your comments below.
Please 'Like' the analsys if you feel it's warranted (Trying to build a presence here on TV!)
Enjoy the next 3 months, Q4 should be interesting!
PS> I think we get a blow off top and a left-translated cycle. 2025 is a huge wildcard.
I've been buying BTC and SOL since last week, but now many of the alts are shaping up nicely.
One I like in particular is STX (Stacks) which essentially makes Bitcoin better.
The weekly chart looks very interesting here, coming out of a Buy Limit Order Block, and holding it's longer term trendline, back above it's 21 and 50 day EMA's.
The last local top was a projection from the prior dip and a 3.618 Fibonacci extension.
The same 3.618 projection points toward $10 which I think is a reasonable target by the end of 2024, which would be a 5x from here.
Plus our weekly Trend Strength Indicator is turning Green for first time since Jan 2023.
Many Alts are looking interesting, but I like this project and have been waiting for the ideal time to start building a position, so I'm going to start building here.
Let me know what you think, and your comments below.
Please 'Like' the analsys if you feel it's warranted (Trying to build a presence here on TV!)
Enjoy the next 3 months, Q4 should be interesting!
PS> I think we get a blow off top and a left-translated cycle. 2025 is a huge wildcard.
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
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