STACKS looks likely to move down | Bitcoin STXBTC
Stacks STXBTC looks likely to pull back toward it's VWAP fair value as Bitcoin profit taking continues.
STXBTC
The daily candle for STXBTC has fallen below the short-term VWAP over-bought line and is bouncing off of the trendline as support. The trendline is also the same level as the long term VWAP over-bought line.
Look for the price of STXBTC to bounce between these two levels until it breaks in a direction.
MACD look very bearish for the short term making it appear likely that it tests the short-term VWAP fair value (white line) around .00003000.
If it fails to hold the short-term white VWAP line, look for it to fall even more and test the long-term VWAP fair value line around .00002500
STXBTC
The daily candle for STXBTC has fallen below the short-term VWAP over-bought line and is bouncing off of the trendline as support. The trendline is also the same level as the long term VWAP over-bought line.
Look for the price of STXBTC to bounce between these two levels until it breaks in a direction.
MACD look very bearish for the short term making it appear likely that it tests the short-term VWAP fair value (white line) around .00003000.
If it fails to hold the short-term white VWAP line, look for it to fall even more and test the long-term VWAP fair value line around .00002500
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Update and closer look at the 30 min