Its a good buying opportunity, obviously short term. However, if the final upside target is broke, price is likely to go much higher.
At the same time Storj is likely to outperform Bitcoin
Bought my own bag ( that I sold in November) . Hold as long as it stays above the support-line.
WHAT I LEARNT 2 YEARS OF TRADING IN THIS CRYPTO MARKET!
1 ) Weekly open –close above MA 20 ( bullish trend)
Weekly open –close below MA 50 ( Bearish trend )
Super Bullish : The candle is above MA 20 ( Daily )
Bullish : MA 50 Above MA 100 ( Daily )
Bearish...
Strorj has been steadily declining since 3rd of may, and already lost 70% to the USD. Price has moved down from $1.33 to the $0.4 low. STORJ/USD almost reached the 127.2% Fibonacci support level at $0.38, but failed to couch it.
In any case trend remains bearish as price still moves within the descending channel, and recently rejected the upper trendline,...
Storj Coin has been trading at the price of $0.5 for quite some time, but after the rally started back in October price has reached an all-time high, hitting $3. The corrective wave followed where Storj lost back to the USD over 80%, while the correction was stopped by 88.6% Fibonacci retracement level which was rejected cleanly.
The price of Storj remains...
Storj may have a fall back before going to its 3rd position.
This year is a really great year for cryptos! Will have ups and downs but we should go with the flow.
3rd wave: $5-7
4th wave: may come back to retest the $2.50 range (I've done wrong in my Elliot wave) 'Sorry bout that'
5th wave may go further than $10.
Remember to get few percentages of profits...
This has set up a long base and rounded bottom. It has broken out and has a real product and service in cloud storage. I think it potential can move much higher on the charts...target is 12.00 area but this is based on the chart alone. this is a hodl
Storj looks to be forming a cup and handle formation after a nice run-up in price. I will be watching for a breakout above $1.73 where I will be adding to my position.
Here's an uptrending regression channel making waves on STORJ.
The Fibonacci retracement is showing that we still have a potential 50% in the coming fortnight, and the use of this regression channel should be able to squeeze out much more than 50% with timely trading.
This chart is based off of 2hr candles & looks back as far as early September.
