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Storj

[TRADE IDEA - FORECAST] STORJBTCIt's a brand new coin and there's not much intel so we can make a better-educated guess so let's see what we have. First, let's keep with the basics: Look at this last rally up, we all know: everything that goes up too fast tends to readjust, so waiting could be your friend to avoid a massive dump. Second it's very close to the "oldest" resistance level which is reinforced by the fibonacci level at 0.000108, so the downside is huge. Even though the volume is increasing, this is expected in such a new coin, so I would not count this as such a positive indicator. The rest of indicators show a very overbought position plus sellers are passing buyers, so it's very likely to a readjustment. A safe approach would be waiting a couple hours and see if it will readjust close to the up trend support(green arrow) so a good buy level with a smaller down side would be around: .000095-.0001 and watch close to the .000108 resistance level. Or in case of breakout which is possible despite the indicators(it's a "new coin" so usually TA is not very reliable in this case) a safe abroach would be buying above the highest candle that closes COMPLETELY above the .000108 resistance level. I like to measure with 1h candles to be safe, you can use smaller time frames if you feel comfortable - the longer the safer. In case of breakout sell target would be around: .00014, if it fails to get there get out quickly profitable, better a small smile than a big tear. Good trading,
by spectertrading
3
Sia BUY OpportunitySia is currently currently in a falling wedge and looks extremely oversold on the daily chart. RSI hovering around 20, MACD flat. With a big new release expected in November and as bitcoin's price retracement looks more and more likely I believe Sia to be one of the better buys you can make right now. Target entry is around 55sat if falling wedge is broken, first target 200sat, final target between 400 and 500 sat. Thanks for reading, make sure you give this analysis a thumbs up if it you liked it and, as always, make sure you do your own research!
Long
by jakob299
5
STORJ/BTC Cup and Handle formation in sightAfter a hard correction from August's 0.000708BTC high STORJ finally found bottom at 0.000101BTC . Given that Filecoin (an upcoming STORJ competitor) raised 200 million USD it shows that investors see huge potential in distributed storage. Because STORJ has a fully functional product (unlike Filecoin) I consider it a top pick for investors in the following months. Target entry is anywhere on the cup's trendline depending on when you are buying in. Make sure you follow Fib retracements closely. First target around 0.00046BTC, second target a bit under 0.00070BTC. Stop loss if a full day's candle closes under the trendline. Thanks for reading, make sure you give this analysis a thumbs up if it you liked it and, as always, make sure you do your own research!
Long
by jakob299
2
$storj - Storj Support Buy In OpportunityStorj, Sia, MaidSafe and Filecoin are all built with a native storage marketplace where users and hosts can buy and sell storage space. I believe Storj's partnership with FileZilla is huge, and such a strong and bold partnership this early I feel like Storj is being slept on. Not only that but we have already called support trades on Storj before yielding 25-50%+. I think the core thing Storj has going for them is being ahead for the most part, constant updates to their platform and a growing community. Storj still has several exchanges it could hit that would grow the coin even more and I think this coin has a bright future. If we manage to hit the previous all-time high from this area it's a 6X Return on your investment, selling on the way up will obviously also give us strong returns. We can look at the fibonacci lines as potential retracement zones, or momentum breaks on the way up to this 6x. If we break the current support, I would accumulate more Storj on the second support line drawn beneath it as well
Long
by mumbojam
Siacoin SCBTC - Cup & Handle and Speculative Future TargetsTo me, Sia still seems way undervalued & ignored based on its potential - and it looks like it's forming a large Cup & Handle. Target is on the chart. And just for future reference I put some extra speculative targets, not based on anything except some trendlines I found and the fibonacci levels. Not recommending trades based off of those - but if it does shoot up those might be points to watch for if you're thinking of taking profit on the way up. My only real trade recommendation for this is to BUY & HOLD :) Normally I'd say wait for a breakout, but I think in the long term this is a no-brainer. Even if it doesn't complete the Cup & Handle or follow this chart in any way, I think a year or 2 down the line you'll regret not buying a bit of this while it's still cheap.
Long
by Oops_I_Charted
7