Fibonacci applied to that corrective wave shows that the first potential target is located at $1.8 area, where 327.2% retracement is. It goes inline with the 61.8% level applied through the all-time high.
$1.8 price must be watched for a breakout because the next wave could send Storjcoin up to $3.6 target where yet again two different Fibonacci levels meet with each other. 827.2% and 927.2%.
Currently, Strojcoin very close to the $1 psychological support which could be the starting point for impulsive growth. Although it could correct lower towards $0.57, to test 200 Moving Average once again. And only break and close below the $0.57 could invalidate outlook.
#1 Crypto Blog: http://cryptopost.com
Crypto Forum: http://cryptoforum.com
Alts vs BTC Trade Signals: http://cryptopost.com/signals-membership/
ETH Tip Jar: 0xafbc203afac03c466b9e8ce3b4c7133b710bf