STORJ, H4, BuyMany of you when you see the chart coin up, then ask if it is uptrend or not. I would like to use the chart of medium-term STORJ as an example:
You can see on the chart that I paint STORJ is entering the support Buy pretty well, the buy zone in the bottom half of the blue box (area 36 - 39), the SL area under the purple line. After this buying cycle, the bull market will rebound to 5858, correcting the 4311 zone and ending at 73xx. Target price reached 117% of profit. The target price may be higher, we will update when the cycle 1 is accurate.
However, you can see that STORJ is still in the long-term downtrend. The rally in October is likely to be just a quick rally, and STORJ will continue to fall further to 95% below the 1000 sts. We are temporarily measuring the 308 zone. This will be the end point for the bear market and start a new rally.
That means that the market has not been uptrend, the market is correcting the increase in the medium term, the coin tends to return from 50-200% of the bottom created and then continue to decline. So you should be very alert, protect the account, raise the SL and keep the original transaction. Wish you successful trading!
STORJBTC trade ideas
Crazy run by Storj on the background of incomprehensible marketWhile most of altcoins are in the ''flat'' position or going down, Storj has showed a growth of more than 10 % per day. Analyzing the 3 hours bar chart, the rise began on October 8 and and the peak was at the level of 5757 satoshi on October 11. According to the technical analysis, the support zone is at the rate of 4500 satoshi. Thus, we also see a pattern ''head and shoulders'', as after uprising candle ''bears'' fixed their profit and started to sell the token. However, Storj's price have not fallen down and now it is traded between the levels of 5100 and 5500 satoshi.
In addition, fundamental part also has played a crucial role in this growth. Storj will be at Ethereum's and Devcon4 event in Prague on October 30. Furthemore, one of the team's developer spoke to Coinbase's People of Color Employee Resource Group about the history of Storj and decentralized cloud storage platform. So, we can just tell them to keep it up.
STORJ Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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STORJ/BTC - 30% PROFIT POTENTIAL!STORJ has formed what could nearly be an ascending triangle, with a series of higher lows and nearly equidistant highs with a slight variation to the downside.
Now is not the time to buy into STORJ, unless volume really cuts loose here and we break to the upside out of this pattern. I don't see that happening now, I feel it's more likely, even with this impressive bullish candle that we pullback from here to gather even more momentum. You can just look at the period of consolidation, which generally measures to the size of the breakout. We can see, the longer the consolidation, the longer and more sustained the bullish movement is. There was very little consolidation for this current move, therefore it's destined to pullback in my eyes.
You can see we've ranged from the .618 to the .236 measuring the true high to the true low on this current pattern. I'm quite excited with this chart, I think this is a good one.
DMI negative momentum continues to fall, positive continues to grow and the trend is strengthening. The range is contracting, which will lead to a volatile spike, our stochastic is nearing oversold levels again. RSI does not confirm this, but it's the only indication we have that's slightly bearish. Recent price action and volume also strengthen the bullish case.
Potential targets upon the breakout are charted as our previous resistance levels, and from current price (which is higher then what our buy in will be) to the final target is 30% potential for profits. Patience, and choose your entrance wisely.
STORJ: Great opportunity for LONG TERMSTORJ is now in big downtrend channel (red). I expect a continuing of downtrend in the way of the red trend channel. But If we look at the chart from short-term, we can see short-term trend channel (yellow), where is a chance of breakout upwards. But it is only speculation. When the market breaks this small channel, there is a possibility to reach a previous bottom near the blue area (4600-4080 Satoshi).
STORJ is a cloud coin and he gets awards as a good start-up etc. From long-term I'm convinced, that STORJ will be useful in future. In this deppresion time for altcoins, it is a good time for reload the supply of this coin, even if the drop would continue.
At the chart I have market my opinion, my point of view. I expect this altcoin will drop more, but for long-term investors, it is good opportunity to buy this coin after every drop (step by step). The market could really drop to the levels 2000-1800 Satoshi and this will be the strongest support on the chart. I don't know if the sellers could get his price to these values. A lot depends on BTC move. From short or mid term I think STORJ will drop.
$STORJ, New Lows…
Daily
Looking at our trend timeframe we see price has found support at 4000, stochastic rsi showing momentum is in favor of bulls with no signs of slowing down. A daily break and close above 4700 activates my trade up to 7000. However if rejected from this level expect a sell off towards our new support level at 4000.
STORJ/BTCRisk : High
Coin: STORJ/BTC
Exchange: Binance
Entry Zone: 0.000043 or under
Target 1 sell 50% : 0.0000473 (10%)
Target 2 sell 25% : 0.0000517 (20%)
Target 3 sell 25% : 0.0000579 (33%)
Stop Loss: 0.000039
Comments : RSI uptrend
Break the fib 0.055 resistance
Volume increase
Start a uptrend channel
Storj at ATL [300% profits Opportunity]Storj finally reached its all time low in the correctional downtrend since May 2018. A falling wedge created both for the mid and long term investment opportunities. And a good indication of a reversal trend is happening in the 1D chart and if this engulfing candle stick can close above the red resistance line we might see a good upward move and a likely of an elliott waves formation. RSI looking good at 52.
Entry Zone : 5500 sats - 6500 sats
Stop Loss : 4800 sats
Potential Targets :
Short Term
T1 : 7283 sats
T2 : 8548 sats
T3 : 9570 sats
T4 : 10592 sats
T5 : 12047 sats
Mid / Long Term
T1 : 9051 sats
T2 : 11429 sats
T3 : 13361 sats
T4 : 15272 sats
T5 : 18008 sats
Good Luck.
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Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
STORJ UPDATE : Another Chance To Don't Lose The Train AgainAfter a breakout confirmation on STORJ which was on its ATL as we stated on our August 5 call, it did touch TP 1 on the 23.6% fib level at 7283 sats and reached 7400 sats. A total of 40% profits so far. Another leg up rally is expected after the pull back area and it started already. We will most likely see another rally on the following 4 to 5 days. Those who missed the train can now accumulate some before it passed you. Congrats for our short term traders who gained 40% on this coin in just 2 days.
Total Profits So Far : 40%
Duration For Reach : 2 days
