www.tradingview.com/chart/nSeV9PgK/
STORJ has shown very clear sign of a bullish pennant. This means potential spike up for a short term trade for the breakout. The time frame, volume on main pole (as highlighted in red circle) followed by light volume building the flag has met pretty good structure to trade on. The upwards pole is to the high of ~140%, which expected to be the same coeff of the expansion of next pole unless there is changes in volume (decreasing).
Otherwise, with alt season coming in April 2021 as the macro perspective, we might see a 10x coin here but thats will be my longer term target for 2 months. Alt coin seems like going to last a lot longer compare to 2017. It is just the beginning.
This is my journal, not financial advise.
Trade active:
If price closes above blue line, remain in trade and wait for volume confirmation to increase. Stop loss review to initiate if trends out higher.