-As we can see from the chart there is a descending triangle forming on the uptrend, indicating a possible bullish break through.
-In addition volume has began to pick up recently as shown in the chart
-I suspect BTC will be declining slightly in the coming days allowing alt coins to receieve more buying pressure
I am not offering financial advice these are...
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 )
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...