FxWirePro- STXUSD (Chart of the day)
Stacks is a Bitcoin layer for smart contracts. The Stacks layer enables DeFi, NFTs, and other decentralized apps built on Bitcoin.
Consensus mechanism- Proof of Transfer
STXUSD performed well in the past two days
Any daily close above $3.02 confirms further bullishness.
STXUSD gained more than 30% in the past four days as BTC hit a 25 month high. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $3.18 and is currently trading around $3.15.
The bullish invalidation can happen if the pair closes below...
source:
https://tokenpost.com/FxWirePro-STXUSD-Chart-of-the-day-11320
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Published by: Book Club
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