STORJFirst time publishing a chart.
Just completed a 'bearish' elliott wave cycle. Broke through support line (5) and now trying to reverse (symmetrical triangle).
Good buy because lower than previous support at 10k.
Strong buy walls at 7600 and 7560.
Uptrend Confirmations
Now found support on the 50MA (cyan line). Uptrend confirm once 50MA clearly curve up.
MACD on the 1h indicating an uptrend. If crossed downwards, expect it to ride alone the support line for the short term.
MACD on the 4h indicates an uptrend is in progress.
Clear liftoff from support line and heading towards resistance line (yellow arrows)
Volume rise
Downtrend Continuation
Fail to bounce off 50MA line on most charts
Break through below triangle below 7150 (red arrow)
Keep in mind BTC movement.
Keep in mind, we are still in a bearish market!! :D
Mid/long term target - 9k/10k/11k
Stop-loss - 7k
Good luck!
STORJBTC
$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
Storj will get ready to............................to what? idk Storj : Is a 2 age months.
If we glance back at storj's Market Capitalization in the previous month like July or August, you'll notice that from 8th to 11 are mostly powerup, so as for today, the price is gaining strength in order to play in the next few days, which may bounce at 0.00009952 level.
In addition, the Chikou's pan ( green-line ) which is laning on the date of 8/2, will try to avoid to cross the Wall infront of it, because if the it crossed, usually result in a bearish movement, a strong drop trend, especially on its daily time-frame.
So lets see in the next few days.
and what are your thought about it?