STORJETH Bittrex 10Sep2017 – falling wedge (?)– close to support
With looking at 4H STORJETH chart there looks to be a falling wedge pattern and STORJ is now very close to a support level around 0.0016. If price breaks down next potential level at 0.00125. However if price breaks upper line of the wedge – RSI and MACD + 1 candle confirms – we may have a buying opportunity and take profits at following levels – 0.0032 fibonacci 0.618 of previous uptrend; 0.0045-0.0049 zone fibonacci 0.382 and slightly above of previous uptrend; 0.0065 or keep for longer for new ATH. Swing trade at these resistance levels may be worth wile to accumulate STORJ tokens.
What do you think? Please note – these are my personal plans and thoughts only and so please trade carefully!
What do you think? Please note – these are my personal plans and thoughts only and so please trade carefully!
Comment:
STORJ broke falling wedge. waiting to buy at the bottom. In addition if you check on a shorter timeframe a channel can be identified and this has not been broken yet. I am still waiting a bit to buy in.
Comment:
Broke wedge but still within a channel. Waiting for more confirmation to buy in - possible downward movement prior.
Comment:
In the channel, testing support. RSI shows bullish divergence. Still waiting. Next support at around 0.00125 level.
Comment:
Breaking support at 0.0016 level.
Comment:
Comment:
STORJ may be close to breakout. MA10 is close to MA60. There is a pennant pattern with higher lows and lower highs showing consolidation. If price stays within the pattern, STOCH RSI reverses we may say an upward movement, breakout and trend reversal.