Stacks STXUSD to $40-50 by end of 2024

Stacks STX is exhibiting relative bullish strength after reclaiming the resistance block (seen in red) as support. Similar to 2020, currently it is completing two bullish reversal patterns of the trend such as a:
(1) double bottom at 0.23-0.19c and
(2) rounding bottom.

Once STX rallies towards the top resistance block of the rounding bottom at $2.65-3.25 and successfully backtests it as support, we can expect the Megabull to be confirmed, leading STX to rally and reach a peak by the end of 2024 at either $10 or $40-50. This would represent a generous 5,000 to 23,000% increase from the all-time lows should we reach $10 or $40-50 respectively. Tim Draper is backing Stacks among others in the industry, so I would not be surprised to see it deliver great gains in 2024.

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Carl M.

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