STORJ - Potential for 20%+ swing?
Updated
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:
indicators on 4h:
We could see a bounce back down from here, but I think long term we're good for future growth. The movement today on volume, alone with decreasing sell volume up to now plus big buy volume was pretty confirming.
If you're aiming to get in on it, expect a quick bounce down to the upper buy zone, around .38. try to get it on Try to get in on it there with a tightish SL. Once it reaches it's EMA it tends use it as support, but if it bucks that trend could be bad news.
TP's are the purple zones.
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 level, implying resistance.
indicators on 4h:
- MACD has slightly shrinking divergence in bearish direction.
- STOCH is overbought.
- Volume decrease in last bars.
- Just reached EMA 100, it tends to play here a bit before proceeding on it's way and using it as support.
We could see a bounce back down from here, but I think long term we're good for future growth. The movement today on volume, alone with decreasing sell volume up to now plus big buy volume was pretty confirming.
If you're aiming to get in on it, expect a quick bounce down to the upper buy zone, around .38. try to get it on Try to get in on it there with a tightish SL. Once it reaches it's EMA it tends use it as support, but if it bucks that trend could be bad news.
TP's are the purple zones.
Note
Looking like a clean one :)Note
Clean and easy :)Note
We might get a two piece on this one :)Note
really heavy momentum still.Trade closed: target reached
tp #2 hit
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
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