It seems to have completed the cycle.
It can have two movements to continue correction.
If confirmed, the sell position can be entered up to the green area and the specified profit limit.
The best area that can be considered for selling is after the formation of three consecutive ceilings, after which you can proceed to sell from the ceiling.
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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Hello everyone on my update of STORJ BTC analysis.
After my last analysis of this pair I have received a lot of PM that my analysis didn't work out. As i don't want to explain this to each one of PM I decided that I will write it here so that everyone can educate themselves.
1. Yes price went over my resistance but no one mentioned that price at end of the day...
Hello everyone on my analysis of sotjr pair with BTC.
I would like to point that this pair is approaching potential resistance at 61.8 fibonnaci level and also at 78.6 which looks in my opinion a bit more technical than 61.8 but as price made a huge move in past few days this may be a turning point for this pair or a bit of consolidation may occur at this level....
