$STXUSD has now beautifully broken out of the triangle after an impressive textbook correction at the 0.618 Fibonacci retracement.
This type of correction is a typical feature of wave 2 in an Elliot wave count, which indicates that $STXUSDT is now ready to embark on its third impulsive wave, often referred to as the most explosive one.
Considering the increasing volume, an explosive surge in the number of transactions on the network, and the oscillators, we can expect a swift development in the price towards the following resistance levels:
— 0.57
— 1.06
— 2.85
— 5.96
— 8.16
— 13.17.
#stxusdt #stxusd #BNS #DeFi #BitcoinNFTs #Stacks
This type of correction is a typical feature of wave 2 in an Elliot wave count, which indicates that $STXUSDT is now ready to embark on its third impulsive wave, often referred to as the most explosive one.
Considering the increasing volume, an explosive surge in the number of transactions on the network, and the oscillators, we can expect a swift development in the price towards the following resistance levels:
— 0.57
— 1.06
— 2.85
— 5.96
— 8.16
— 13.17.
#stxusdt #stxusd #BNS #DeFi #BitcoinNFTs #Stacks
Exciting update on my 'The Road to $66 for
Stacks" analysis: A pivotal moment is approaching as we near a Fibonacci circle. These circles are powerful tools for financial analysis, identifying support, resistance levels, and potential turning points. Mark your calendar for August 14th – expect insightful market developments over the next two weeks!