Storj Correction, EMAs & Higher Low
Updated
We are looking at the 2D timeframe... Storj is moving, that's the thing.
We can see prices moving within a full green candle above EMA8/13/21. This is happening after a long-term higher low, more than a year ago.
The previous wave was corrected by 79%. That is, prices dropped by 79% from its December 2023 peak. A very strong correction by all standards. Storj being a strong project, this can potentially be the end of the correction. If prices move lower; buy the dip.
The entire correction lasted more than eight months which is also a long time. This favors a reversal.
I am showing only short-term targets on this chart but there can be more. Remember, this charts are meant to show you the entry, "great entry timing," the opportunity; once you are in and green, the rest becomes easy.
Good luck and good profits.
👉 Buy and hold.
➢ Buy everything in 2024.
Hold until late 2025... It will be clear when the time to sell comes.
In 2025, when everything starts hitting new all-time highs... That's the time to sell.
When everything is hitting bottom, that's the time to buy.
Namaste.
We can see prices moving within a full green candle above EMA8/13/21. This is happening after a long-term higher low, more than a year ago.
The previous wave was corrected by 79%. That is, prices dropped by 79% from its December 2023 peak. A very strong correction by all standards. Storj being a strong project, this can potentially be the end of the correction. If prices move lower; buy the dip.
The entire correction lasted more than eight months which is also a long time. This favors a reversal.
I am showing only short-term targets on this chart but there can be more. Remember, this charts are meant to show you the entry, "great entry timing," the opportunity; once you are in and green, the rest becomes easy.
Good luck and good profits.
👉 Buy and hold.
➢ Buy everything in 2024.
Hold until late 2025... It will be clear when the time to sell comes.
In 2025, when everything starts hitting new all-time highs... That's the time to sell.
When everything is hitting bottom, that's the time to buy.
Namaste.
Trade active
We can see a higher high compared to July and the highest price was hit today since April 2024. We can say the bullish bias is now confirmed.
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