alanmasters

Storj Conquers MA200, Big Swings Chart

BINANCE:STORJBTC   Storj / Bitcoin
Storj ( STORJBTC ) tends to move wildly each time it breaks down or breaks up.

Yesterday, 21st of May, we saw many altcoins printing big green candles, just like STORJBTC which moved above EMA50, EMA100, and MA200 in one single jump.
In one week, we have 55%+ of growth, with potential for so much more.

Trading above MA200 is considered really bullish for the altcoins, based on my experience reading charts... This means that now this pair is open for sudden strong bursts of growth.

Prices can still drop , but we remain bullish as long as prices remain above the last low.

This is not financial advice.

Thanks a lot for your support.

Namaste.
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Comments

Would you say buy at the current price?
Reply
alanmasters FrankMartini
@FrankMartini, I prefer to buy before the breakout... Somehow I am picky about that.

If you are looking for long-term growth or you have a plan you can buy of course, but if you are trading, there are always better options as jumping in between the action isn't wise in my experience.

So it really depends on your goals.

Namaste.
+1 Reply
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