Stacks

Bittensor

Rekt

Higher

<p>Rekt Capital’s latest analysis of Stacks (STX) against USDT highlights a recurring behavior in STX’s price movements.&nbsp;</p>
<p>Historically, STX experiences price compression within a specific market structure, approaching its multi-year Macro Higher Low trendline, indicated in green. This price compression often resolves when STX successfully retests this trendline as support.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-1024x723.png" alt="" class="wp-image-557504" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>As <a href="https://coinmarketcap.com/currencies/stacks/" target="_blank" rel="noopener noreferrer nofollow">STX</a> continues to coil closer to the apex of its current pattern, it nears its Higher Low, setting the stage for a potential breakout into a new Macro Uptrend. Rekt Capital notes that STX typically exhibits clear breakouts from its established patterns relative to the Macro Higher Low.&nbsp;</p>
<p>The analysis points out that in previous instances, STX has tended to close weekly above its pattern resistance, subsequently retesting it as support. This behavior is crucial for confirming a continuation of the trend upward, signaling the start of a new Macro Uptrend.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/this-crypto-trader-predicts-sui-price-will-hit-4-5-short-to-mid-term-heres-why/" target="_blank" rel="noopener noreferrer nofollow">This Crypto Trader Predicts SUI Price Will Hit $4.5 ‘Short to Mid Term’ – Here’s Why</a></em></strong></p>
<h2 class="wp-block-heading" id="bittensor-price-chart-breaks-out-of-key-level">Bittensor Price Chart Breaks Out Of Key Level</h2>
<p>In analyzing Bittensor, they revisit the previous discussion about <a href="https://captainaltcoin.com/can-bittensor-tao-price-break-crucial-resistance-analyst-predicts-7-5x-rally/" target="_blank" rel="noopener noreferrer nofollow">TAO’s consolidation</a> within its current ReAccumulation Range. The analysis noted the development of a potential Ascending Triangle market structure, with the expectation of a green circled post-breakout retest in the future.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-1024x723.png" alt="" class="wp-image-557512" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>This week, <a href="https://newsletter.rektcapital.co/email/f32eb15b-8749-4cce-a4fa-ca401def9ddb/?ref=rekt-capital-newsletter" target="_blank" rel="noopener noreferrer nofollow">Rekt Capital </a>reports that TAO has rallied by +38% since their last update, revisiting the area indicated by the green circle and breaking beyond the Range High of its ReAccumulation Range. This movement positions TAO for a significant post-breakout retest, as highlighted by the green circle.</p>
<p>They emphasize that a Weekly Close above the Range High of $350 (marked in black) would set the stage for a potential dip back to this level for a retest. Such a retest would serve to fully confirm a breakout from the range, leading TAO into a new Macro Uptrend.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/recurring-stacks-pattern-shows-path-for-stx-prices-next-leg-up-bittensor-tao-must-surpass-crucial-level-this-week-to-soar/" rel="noopener noreferrer nofollow">Recurring Stacks Pattern Shows Path for STX Price’s Next Leg Up: Bittensor (TAO) Must Surpass Crucial Level This Week to Soar</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Recurring Stacks Pattern Shows Path for STX Price’s Next Leg Up: Bittensor (TAO) Must Surpass Crucial Level This Week to Soar

Table of Contents

CaptainAltcoin

Other articles published on Sep 21, 2024

Shiba Inu Rally: What Investors Should Know About the 4.5% Price Surge

dVIN Labs Launched $VIN Native Token & Delivered Tokenized Champagne Airdrop During Solana Breakp...

Internet Computer Price Prediction 2024 – 2030: Will ICP Price Hit $15?

Proposal to Reduce WBTC LTV Ratio to Zero in Aave V3 Faces Opposition from ACI Founder Marc Zeller

Elon Musk Discusses Technology and AI with El Salvador’s President Nayib Bukele

Current Bitcoin Rise Can Be Temporary—How to Secure Money on the Unstable Market?

Join our free newsletter for daily crypto updates!