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STACKS Price Analysis: Crossed second resistance at $0.7883, outbreak.

  • The token has a 24 hours trading volume of 12,471,814 and a low of 21.89% was seen.
  • An evening Doji star formed in the 5 hours time frame.
  • RSI oscillator shows the NEUTRAL action in the last one hour.
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The token has been running below its 200 days moving average but above EMA-50 and 100. Doji formed on 28 june results worthy as the trend has turned bullish. EMA-20 has been shifting upwards since 28. The token has shown the percentage change by 0.67 since yesterday’s open. The chart above shows the movement of STXk with respect to EMA-20, 50, 100 and 200. EMA-20 has been shifting upwards and has successfully crossed EMA-50 and EMA-100. RSI for the last 5 hours shows the value of 59.327 and marks the buy action. MA-5 shows the sell action whereas MA-10 and MA-20 shows the buy action. Bull/Bear power has the value of 0.013 and shows the buy action.

The token-BTC pair is trailing at 0.00002334 and the low by 2.92% is marked whereas the token-ETH pair is trailing at 0.0003675 and the low of 5.10% is marked in the last 24 hours. The volume/Market cap of the token is 0.014 and its market dominance is 0.07%. In the last one hour we see three inside up patterns as a bullish Harami pattern occurs in the first two candles. The third candle is a white candle with a higher close than the second candle and the confirmation of the bullish trend reversal. 

Conclusion: The days range for the coin is 0.7767 – 0.8478 and presently is at 0.7893. The Doji showed up on 28 June and the trend has been shifting upwards. On average the token has provided returns of 15% in the month of June. In a short term tenure if you wish to long the token then you can. However if you wish to buy the token for the long run then wait for some days and the token price might fall.

Technical Instruments: 

Pivot: 0.7846

R-1: 0.7869

R-2: 0.7883

S-1: 0.7823

S-2: 0.7809

(Note- The unit is USD)