Storj
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.
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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.
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$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
My Storj predictionHey guys! This coin on a technical perspective, is bound to explode soon. I have started to accumulate on the current prices. I think there is a good potential for a 100% gain in the next couple of weeks.
Lets see what happens.
I also wanted to announce that we are in the process of launching a bitcoin exchange and hopefully a trading platform to follow.
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Long on SJCX!
strong support level
Candlestick Bullish pattern: Morning Doji Star.
Fibonacci 61.80 retracement
deep market analysis
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.
SJCXBTC "W" Fractal or H&S PatternStorjx/Btc forming a possible "W", which could be a fractal of a previous "W" pattern. Therefore, we can expect a retest of a historical resistance around 33k sat, possibly in the month of may. The other scenario is a formation of the second shoulder in a H&S pattern around 24,5k sat.
Either way, the historical support is holding for now, so both scenarios are positive as far the price is concerned. RSI is showing room for price growth but the lack of volume is a bit concerning. If the volume increases, the formation of 1 of those patterns is that much more likely.
Of course, it depends on the BTC price movement, which is unpredictable in the comming months. (PBoC, Segwit, Etf). Either way, imo, this is a trade worth taking, setting a stop under the historical support level, a 50% profit taking target on the second shoulder ("C") and the other 50% on the retest of historical resistance.
SJCX found the bottomIt seems that Storjcoin X finally found the market bottom as prices rebounded from the last support frontier - Lead 2 ( Senkou span B , red border line of the Kumo cloud) and Lagging span ( Chikou , green line) failed to break the price line.
Time to check daily graphs to seek for the proper entry point :-)