More than two years and a half ago, back in December 2020, STORJBTC hit a low that lead to a 720% bullish wave. Last month this same level was activated.
We don't have to go any deeper into technical analysis, this is quite telling.
The repeat of this pattern; The activation of this long-term support can lead to a very strong new bullish wave.
Use this...
Here we have a major jump June/July and this is followed by a 100%+ correction of this jump.
While the correction wicked lower in August compared to June, the trading volume is lower and the session close higher; which translate as a bullish bias.
This bullish bias is true and confirmed because today we have high volume as prices move above EMA50. Very strong...
STORJBTC has been trending downward for the best part of a year now, after an explosive upward move previously.
With a bearish market around for so long and the descending trend line having been tested on many occasions, resulting in a price rejection every time, it has now finally broken through!
We've got a strong Buy signal from CTv2 and can see 3 clear Take...
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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- On the weekly chart we can see a beautiful ascending triangle - one of the most bullish pattern.
- If we take a look at the volume indicator - there is a massive volume spike, which is positive.
- The first impulse wave has been completed (hard to catch), but it doesn't matter, because the third wave is usually the strongest!
- You can buy a breakout above...
When it comes to the BTC pair, STORJBTC, we can see the chart technicals going bullish...
Feel free to hit LIKE and let's look at those.
Our classic signals go as follows:
The RSI is now bullish/strong above 50.
The MACD is bullish above 0, with green histogram.
STORJBTC has gone above EMA10, EMA21 and EMA50.
Really high volume to break above EMA50.
...
STORJ has now recovered with bullish candles from a downtrend after a bullish divergence appearing on 12hr and 4hr timeframes.
Storj is currently holding on to EMA50 and aiming to take EMA200.
Ichi span has exited out of a downtrend channel but still aiming downwards meaning it's too soon to enter this trade.
The recent buy-volume has secured Storj a double...
- STORJ - Rank #128 - Token.
- On the weekly scale we can spot a beautiful ascending triangle, bullish pattern.
- Also the price recently broke out of the falling wedge with a successful retest.
- We can target a previous all time high as a profit target.
Here is one of those that peaked early...
STORJBTC peaked in March 2021 and has been consolidating for 5 months now... Quite the long while.
We are within a higher low when you look back at Jan. 2021, the low hit there.
The next low was hit June 2021, 6 months later.
The signal to look for in this chart are the Moving Average lines (MAs or EMAs).
We have...
