theCrypster -
After a nice 20% break upward of the pretty clear wedge #Storj had been trending for a while, we can now see a retracement forming as the price will be heading back down to recent support levels.
We should be expecting a drop of around 15% before support shows it's strength.
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STORJ / BTC
🌟 Techincal Analysis 🌟
price is consolidating in traingle
RSI in bottom and oversold
Ema 20 act as dynamic resistance
Tested it one time
High potential next time will break
expected Breakout soon
BUY THE BREAKOUT OR AFTER RETEST
never trade blindly
Always Use stoploss ...
good luck and happy trading 🌹
💎Technical Analysis Summary💎
BINANCE: STORJBTC
-STORJ is looking Bearish with this daily candle chart
-It is also breaking its key level of support
-If this candle closes red below 2950 sat
-It is a confirmation of a Bear flag
-The downside target is around 2139s sat
-So please be cautious and always have a stop loss
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💎Technical Analysis Summary💎
BINANCE: STORJBTC
-Broke the structure to the downside and touches the previous Higher Low
-The 4200s sat range has been a good trading area for 10 days
-If the Bulls can hold this zone, we might see a small upside correction
-Before the dominant trend continue lower down to 3600s sat area
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STORJ is quite weak and buying at the current price range is risky. We should wait for more positive signs.
It is best to wait in the deeper price zone like 1100-1200sts
The priceline is moving within a pennant and hitting the pennant's support after Sep 2018.
Here the price action is also hitting at pivot 1st support.
In the meanwhile the price action is forming a bearish shark pattern and entered in potential reversal zone.
Sooner or later the price action can take bullish divergence from here at any time insha Allah.
But this...
STORJ is in a good buyzone and here STORJ can rebound nicely. Unfortunately, the good buyzone has passed, at 2700. However, I think we can still buy at this price
Strategy for STORJ, buy a half at 3000sts and a half at 2700sts. And wait to sell at 3900-4000sts
Stoploss if price is lower than 2400
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
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My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the...
BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Buy Price: Green area
Profit: in short-therm i expect 10-15%, in long-therm i expect 40-50%!
Invest Suggestion: 20 Percent
Profit Expectations: - 10 - 50 Percent
Looking at the chart of Storj , we could see that is close the it historical low!!
We Have the 13 HMA crossing the 34 HMA and the 50 HMA, indicating that we have a growth tendency!!
MACD lines...
