Stacks (STX) Breaks out From 221-Day Descending Wedge

Stacks (STX) has broken out from a bullish long-term pattern after the RSI generated significant bullish divergence. The post Stacks (STX) Breaks out From 221-Day Descending Wedge appeared first on BeInCrypto.

Timeline of Stacks

STX price shows a consolidation rally struggling to continue due to the high supply pressure near the resistance trendline.  Key technical points: The STX market value decreased by 4.29% today at press time.

STX has been trading at a significant discount from its $3.25 high that it achieved in December last year. However, it looks like the tides are about to shift in favor of the bulls, now that it is in a critical support zone.