STX Looks Ready To 5x By End of 2024

١٩ سبتمبر

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.