STORJ printing beauty on the chart, going 2$? Long term outlook
Will try to keep it simple and short so let's dive into it.
1. expanding symmetrical triangle on daily
2. Possible cup and handle set up on the weekly
3. Holding on to the support line created since 14 August 2023
Growth touch a very strong resistance at the 1.0557 region which was the neckline of the HS that created the bear market and became a major supply zone (HS was confirmed 2022)
So I'd be giving you 3 plays you should be looking at
Play1-(80% possibility) following the current trend support and expanding symmetrical triangle which will confirm the the C and H set up on the weekly.
Play2.(65% possibility) drop off the expanding the symmetrical triangle down to the major demand zone again at 0.48 -0.42 region creating a DB setup on daily still confirming the Cup and handle on the weekly this is likely if we see a flash crash or minor correction on Bitcoin.
Play3.(20% probability) this is possible only if the entire crypto market goes into a major correction smashing all support to the previous August 2023 floor which is at 0.2183 area destroying every structure and building a new DB structure on the weekly the can on be created by a major crash on Bitcoin and it saying the halving has nothing to do with it rise where by creating a new market cycle, which will not be tied to halving but eeeeh not seeing this yet but I speculate that Bitcoin will come to such time in the future.what are your thoughts lemme know in the comments section any questions are welcome
1. expanding symmetrical triangle on daily
2. Possible cup and handle set up on the weekly
3. Holding on to the support line created since 14 August 2023
Growth touch a very strong resistance at the 1.0557 region which was the neckline of the HS that created the bear market and became a major supply zone (HS was confirmed 2022)
So I'd be giving you 3 plays you should be looking at
Play1-(80% possibility) following the current trend support and expanding symmetrical triangle which will confirm the the C and H set up on the weekly.
Play2.(65% possibility) drop off the expanding the symmetrical triangle down to the major demand zone again at 0.48 -0.42 region creating a DB setup on daily still confirming the Cup and handle on the weekly this is likely if we see a flash crash or minor correction on Bitcoin.
Play3.(20% probability) this is possible only if the entire crypto market goes into a major correction smashing all support to the previous August 2023 floor which is at 0.2183 area destroying every structure and building a new DB structure on the weekly the can on be created by a major crash on Bitcoin and it saying the halving has nothing to do with it rise where by creating a new market cycle, which will not be tied to halving but eeeeh not seeing this yet but I speculate that Bitcoin will come to such time in the future.what are your thoughts lemme know in the comments section any questions are welcome