Altcoin Update: STX Analysis It’s been a depressed week for | MYC Signals

Altcoin Update: STX Analysis

It’s been a depressed week for crypto, price action-wise, that is. And in a week that was largely bearish, STX gained 29% but hit resistance around its 50-day MA. It has dropped some 9% over the past 24 hours, and currently trading right in the middle of the 50 and 200 MAs on the 4-hour chart.

For now, we remain cautiously bullish on STX provided it breaks back above the 200-MA on the 4-hour chart, with our first target around the 50-day MA. On the downside, a drop below the 50-MA on the 4-hour chart could push STX back to 14-month lows.

These are our key levels

R1 0.64
R2 0.68
R3 0.72

S1 0.60
S2 0.56
S3 0.53

https://www.tradingview.com/x/5alFM0g5/