After a hard correction from August's 0.000708BTC high STORJ finally found bottom at 0.000101BTC . Given that Filecoin (an upcoming STORJ competitor) raised 200 million USD it shows that investors see huge potential in distributed storage. Because STORJ has a fully functional product (unlike Filecoin) I consider it a top pick for investors in the following...
strong support level Candlestick Bullish pattern: Morning Doji Star. Fibonacci 61.80 retracement deep market analysis
SJCX is attempting to hold at price 33,000sat but will likely drop below that to resistance around 30,000sat before continuing upwards extremely bullishly. Buys should be placed within the red accumulation rectangle.
Look at SJCX have double bottom and flag chart Now growing up and breakout soon Target 4700
Storjx/Btc forming a possible "W", which could be a fractal of a previous "W" pattern. Therefore, we can expect a retest of a historical resistance around 33k sat, possibly in the month of may. The other scenario is a formation of the second shoulder in a H&S pattern around 24,5k sat. Either way, the historical support is holding for now, so both scenarios are...
Drop in volume, increasing buying pressure, enormous size of ascending triangle to where % and value match are about 40% different, healthy consolidation, fantastic long. Recently similar long materialized on Lisk. Accumulation is happening right next to the all time high where it was overshadowed by Sia launch. This looks like enough pressure to overcome the ATH...