Storj (STORJ) to $2. Soonish Long

Storj / TetherUSBinance

Description

⋅ Aug 8, 2022 6:43 PM

So much going on in the above daily chart, multiple reasons to be bullish.

1) There was a ‘incredible buy’ signal, just did not get around to sharing. See 2-day chart below.

2) Price action has broken out from long term resistance since November 2021 as shown by the black arrow, do you see it?

3) Most recently price action has broken out from a bull flag formation during a month long consolidation period.

4) The Bull flag ‘flagpole’ extension measures a target to around $2, that’s almost 200% from current levels.

5) Price action consolidates on the golden ratio.

6) The Fibonacci golden ratio extension (1.618) measures out to the same target!

Is it possible price action falls further? Sure.

Is it probable? No

Ww

Type: trade
Risk: 6% of portfolio
Timeframe: no idea
Return: 200%

2-day chart

Comment

⋅ Aug 14, 2022 3:58 PM

breakout occurs before August 20th

Trade active

⋅ Apr 28, 2023 8:44 AM

Target revised to 1.70.

Comments

Putrid_Shittgenstein

⋅ Aug 10, 2022 3:22 AM

You keep this performance up and you'll soon be considered an illuminati.

without_worries

⋅ Aug 10, 2022 7:55 AM

@Putrid_Shittgenstein, My super power... I look left and right before crossing the road. Sometimes even down and up if I'm feeling particularly paranoid.

goldenruel13

⋅ Aug 11, 2022 5:24 PM

Well the comment has 33 likes

Putrid_Shittgenstein

⋅ May 25, 2023 3:28 AM

@ArtfulDodger1974, LOL ... yeah ... that idea didn't work out at all - actually he should have drawn his trend line at the top of the wicks - and if he had done so there would have been no breakout.

Soonish? ... Nope - not Illuminati - maybe in his next life.

Putrid_Shittgenstein

⋅ May 27, 2023 6:45 AM

@ArtfulDodger1974, You can never take financial advice from a Scottish person - those guys have always been broke and mean.

Putrid_Shittgenstein

⋅ May 30, 2023 4:50 AM

@ArtfulDodger1974, Nah ... I'm Irish. He's Scottish - Irish people would never pretend to be financial experts and take money from rubes : what this guy is discovering is that signals that work in extremely bullish environments only work in extreme market conditions. Most of the time the markets are not extreme, and trained financiers know this.