STORJ is a money making chart. I like it a lot and have for some time.
In this post I'm going to take a look at a potential breakout that is forming, some potential ways to confirm a breakout, and ways to spot potential target TP's. This is a simple guide, kept that way on purpose. There is a galaxy of information and strategies out there, so let's start small...
Hi All,
*** This is another continuation post (v2) from the previous one, as per my posting methodology where I like to link the trading story where its applicable ***
Link supplied below:
MY THOUGHTS:
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Keeping this one short as the previous post explained the observations and business case.
Basically an...
Hi All,
Keeping this short as its only the planning phase:
Storj did a nice reversal which was a beautiful clear setup which I missed out on, did not review the chart (bottom pattern was a reversal especially at the right fib level.) Chart below.
With a strong bounce with 4 impulses, one would think this is the top on this impulse so I'm looking for a pullback...
STORJ looks to be making moves. Taking a look at how strong it is on the 1D and 4h
We just had a bounce out of the historic "buy zone" support.
Indicators on 1D :
MACD has shrinking divergence in bullish direction.
STOCH is strong. just leaving oversold with LOTS of headroom.
Increasing volume with pumps, adds validity.
Daily high bounced off fib...
