STORJ/BTC 1H Kumo Twist
The previously thick cloud, recent kumo twist, and bullish tenken are suggesting a possible bull run here through the cloud. The long flat line at the top of the cloud serves as a good indicator of resistance and a decent target for a short term trade. This target also lines up perfectly with the 0.5 fib if you retrace from the ATH to the local low. The ATH would be the longer and riskier target here but would probably warrant more bullish signals from the 4h chart. Trade is invalidated if price falls outside of cloud.
Trade closed manually
Closed outside of 1H cloud. Just missed the target unfortunately.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.