Market & Ticker: Stacks – STX/USDC

Date: 11/11/2024 
 
Horizon / Timing:  Tactical Mid-term / 1 to 3 months 
 
 

Scenario:  

STX has been evolving in descending range since MARCH 2023. This Range is forming a base for a long-term perspective. Now the recent acceleration confirms the upside trend towards the exit potential. 
 
At the current level as long as 1,75 remains tactical support valid (previous 1,40) a larger rise towards 2,50 is expected. On the midterm 2,80 is the standard target 

Technical Key Elements: 

- Range exit confirmed 
- RSI indicator is above 50% and keeps potential 
- The Moving average are support 
- Fibonacci key support is adjusted at 1,75 while the Elliot wave shows upside potential towards 2,80 

 
Trade Idea conclusion:  Buy  

• Tactical Target Max 2,8 
• Tactical Target 2,50 
• Tactical key support (Pivot) 1,75 (Daily close) 

Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 

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