Storj Coin Action TimeStrorj has been steadily declining since 3rd of may, and already lost 70% to the USD. Price has moved down from $1.33 to the $0.4 low. STORJ/USD almost reached the 127.2% Fibonacci support level at $0.38, but failed to couch it.
In any case trend remains bearish as price still moves within the descending channel, and recently rejected the upper trendline, suggesting the continuation of the downtrend. At the same time it seems that currently price started to consolidate, between $0.4 support and $0.55 resistance.
The range trading could continue, but the interesting timing is the 4th of September, which is 8th period of the Fibonacci Time Zone indicator. Around that day, price might start showing some signs of a trend which could help to reveal further direction.
There are multiple scenarios that should be expected, but only break above the resistance or below the support could be the trigger for the next STORJ move.
If $0.38 support is broken, price is likely to go down further, to test 161.8% Fibs at $0.12. But if the resistance is broken, this might be the first sign of a potential trend reversal.
Storj
STORJ the future of decentralized Digital storage [BTFD]I featured STORJ in my post from early Nov'18
was a huge profit maker and one to watch for this year
after a good rally in last few days we can entertain some good long positions for this active coin which actually has a working product... (one of the few in crypto)
retraced from last major highs, lets meet these targets before we try for the ATH (which was based on a very very well timed token swap)
If bitcoin comes down again to lows then we might have a new floor but looking at the COP (Cycle of Power) indy it still needs some more upwards momentum, something we may see in the coming months if the markets goes more bullish on alts
HOW TO TRADE?
Aggressive traders would start buying up on the pull back, the recent rally hit the 0.786 level and dumped from there creating a possible pullback to watch
More cautious traders will wait for the fib to be broken and move up into the next gann fan area for confirmation of a bull trend
red line is the baseline trend
good trades, plz tip or leave a comment if this or other trades we select make u profits, even if its for a beer/smoke all welcomed
more on STORJ....
Storj is decentralized cloud storage that applies blockchain technology for processing transactions that are entirely safe, secure and done without third parties interfering. It is the first decentralized, end-to-end encrypted cloud storage that utilizes blockchain technology and cryptography to guard your files. Currently, STORJ is trading at $0.515 per unit. It is predicted that by the end of this year there will be a hike in the value of STORJ and it will rise to $1.27. But we cannot entirely rely on these values because fluctuations can happen at any time.
coinpriceprediction.net
There is a trading opportunity to buy in Storj EthereumTechnical analysis:
. STORJ/ETHEREUM is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.00113 to 0.00094). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00113)
Ending of entry zone (0.00094)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00132
TP2= @ 0.00150
TP3= @ 0.00180
TP4= @ 0.00213
TP5= @ 0.00287
TP6= @ 0.00347
TP7= @ 0.00407
TP8= Free
There is a trading opportunity to buy in Storj EthereumTechnical analysis:
. STORJ/ETHEREUM is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.00113 to 0.00094). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00113)
Ending of entry zone (0.00094)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00132
TP2= @ 0.00150
TP3= @ 0.00180
TP4= @ 0.00213
TP5= @ 0.00287
TP6= @ 0.00347
TP7= @ 0.00407
TP8= Free
There is a possibility for the beginning of uptrend in STORJTechnical analysis:
. STORJ/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trading suggestion:
There is a possibility of temporary retracement to suggested Buy Zone (0.00123 to 0.00094). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00123)
Ending of entry zone (0.00094)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00150
TP2= @ 0.00180
TP3= @ 0.00213
TP4= @ 0.00287
TP5= @ 0.00347
TP6= @ 0.00407
TP7= Free
There is a possibility for the beginning of uptrend in STORJTechnical analysis:
. STORJ/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trading suggestion:
There is a possibility of temporary retracement to suggested Buy Zone (0.00123 to 0.00094). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00123)
Ending of entry zone (0.00094)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00150
TP2= @ 0.00180
TP3= @ 0.00213
TP4= @ 0.00287
TP5= @ 0.00347
TP6= @ 0.00407
TP7= Free
STORJBTC 30% + 120% +STORJBTC 30% + 120% +
It looks like STORGE has built a new support line and is going to continue to grow. In case of breaking the triangle, a good income awaits us.
Enter the trade according to your trading plan and always consider the risks.
In time, take profits and get pleasure from trading.
All good luck and good trade.
STORJBTC30 min - BINANCE
RESISTANCE LINES:
Black - 1 day resistance
Orange - 4 Hour resistance
Red - 30 min resistance
SUPPORT LINES:
Blue - 4 Hour support
Green - 30 min
DIRENC CIZGILERI:
Siyah - 1 günlük direnc
Turuncu - 4 saatlik direnc
Kirmizi - 30 dakikalik direnc
DESTEK CIZGILERI:
Mavi - 4 saatlik destek
Yesil - 30 dakikalik destek
STORJ - If You're Bullish on BTC, Be Bullish On STORJ !storj.io
"End-to-end encrypted, distributed object storage, where only you have access to your data. Powered by blockchain payments."
"So how does Storj work? The application takes the files you'd like to store on someone else's hardware and encrypts them -- that is, it scrambles them using cryptographic techniques so that only someone in possession of a specific key can render them readable again. It then shards the files, meaning that it splits (and occasionally combines) them into fragments of uniform size. These are divvied up among different nodes for storage, so that a given file might be stored across a few continents."
www.wired.com
www.nasdaq.com
coincentral.com
"Storj is, by far, the market leader for decentralized storage. It is also one of the oldest projects in the space. To date, Storj boasts a community of 20,000 users (uploaders) and 19,000 farmers (storage providers).
The project’s code is open source, so anyone could implement an instance of Storj. That said, Storj Labs, the private company behind Storj, has already built an impressive network. Users pay for access to that network.
The Storj architecture follows the standard model of sharding, encryption, and swarming described above to split and re-compile files."
STORJ on Wedge breakout and moving steadily.Hello Friends,
Sorry I couldnot post it here.
Our TG team has made around 40% so far on STORJ and Exited around 12000 sats with decent supply zone around.
Did you miss the opportunity, no worries, you can buy at dip around 10600 sats and hold for long term.
Buy zone: 10600 -11500 sats
SL : 8000
Target : 12000, 14250, 16500, 19000
Note: You know well that BTC price can impact the alt coins, so trade with caution and stoploss.
Good luck.