Possible cup and handle - SIA to start April with a BANG! Hi all,
Main TA Points;
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1. Weekly S/R flip confirmed.
2. Break and retest of 3 year down trend confirmed.
3. Decentralized storage platforms all performing strongly (FIL STORJ).
4. Critical fib level claimed, assuming S/R flip of critical level.
5. Based on above assumption we have a possible cup and handle patter.
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Talking Points;
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We are at the cusp of the start of a new month with a strong finish assumed for March. We would like to see price maintain above 44 satoshis which it looks like it will do over the next 72 hours. From a weekly perspective we could see a wick down in the low 40's but I would think its unlikely for us to go much lower.
For those unfamiliar, SIA is in my opinion a top 5 coin from a fundamentals perspective and is vying for a large piece of Web 3.0 architecture. It has a working product, a capable team, and a foundation model ensuring its financial longevity. Having had a significantly longer than normal consolidation and accumulation period, historicals would suggest violent and powerful impulses will continue to follow from here until the end of the year.
I believe April will see the bitcoin pairing at least swing to 60-80 satoshis with the upside up to the 200's range.
Interestingly, both FIL and STORJ are also experiencing strong growth and SIA in my view being the possessor of a superior solution will also follow this strong trend. I would even say based on year to date growth it already has.
We have also broken a down trend that has lasted some 3 years with an extended accumulation period. This is an extremely bullish sign and would signal that this is infact the start of SIA's bull run; even considering the strong growth that has been experienced up until now.
Linked are my previous and most recent ideas which have been confirmed for SIA.
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Estimates;
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As a measured move we are looking to test the 63-65 Satoshi level. I have provided an conservative trade setup having set the stop loss just below the red ichimoku cloud. Please be mindful this is a high risk trade, the vanilla trade would be to enter at the break and confirmation of the pattern.
If we hit this level in the first week of April we could actually see SIA climb into the 100's if not even higher. It is not impossible for us to revisit all time highs from a USDT perspective, in which case a run between 100-200 satoshis is certainly on the cards this month.
Good luck,
Please consider donating, following or leaving a comment if this analysis was valuable to you.
SIA donations;
807db3f1186dd2a5a40418200064b44a94bffb0e32fac9e713923088a7e3bb0886c2d0281374
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Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions.
All investment and trade decisions, no matter how well investigated, involve risk.
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STORJBTC
STORJ BTC approaching resistance levels !Hello everyone on my analysis of sotjr pair with BTC.
I would like to point that this pair is approaching potential resistance at 61.8 fibonnaci level and also at 78.6 which looks in my opinion a bit more technical than 61.8 but as price made a huge move in past few days this may be a turning point for this pair or a bit of consolidation may occur at this level. This daily candle from today may be a "marking" candle this is what traders often call candles that are big and are made just to get to some kind of target on low volume and that is what we are seeing right now on storj. Also keep in mind that if BTC will move to the upside this action may drag price of alts to the downside, while price to USD will still rise.
As of writing this price hit 61.8 fibonnaci and retraced over 100sat in 2 min. this doesn't have to be 10-20-50% retracement but you should keep this level in mind.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."
STORJBTC - STORJUSD ENTRY - STL - TP on picture
TP of me . And TP of you , i don't know
You can buy more if price lower entry
" High risk scaling consider when entering orders "
Wait to entry no buy price now if price done TP2 , We cancel this order !
THIS SHITCOIN BUY 20% $ TOTAL ACCOUNT
I am fomo following the recent pump dump events
Storj Full 160% Trade Signal Inside (Taking OFF!)Storj (STORJBTC) is now moving above MA200 on the 4h timeframe with increasing volume... This can lead to additional growth.
We have a trade signal active, you can find it below! (12-March.)
This is not financial advice.
Remember to have a plan ready before trading.
Wishing you great success & profits.
Enjoy the trade.
Namaste.
StorJ Trade Signal [STORJBTC](160%)ENTRY: 0.00001200 - 0.00001430
TP1: 0.00001650
TP2: 0.00001900
TP3: 0.00002150
TP4: 0.00002525
TP5: 0.00002950
TP6: 0.00003600
STOP: Close daily (D) candle below 0.00000990.
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Remember to do your own research.
Build a plan/strategy before trading.
Take your time before taking any action.
Study long and hard.
Be patient...
Enjoy!
Namaste.
$STORJ/BTC 1D (Binance Spot) Big falling wedge near breakoutStorj is looking ready to reverse the downtrend here, we are grabbing a decent bag!
Current Price= 0.00001346
Buy Entry= 0.00001352 - 0.00001230
Take Profit= 0.00001854 | 0.00002535 | 0.00003699
Stop Loss= 0.00000969
Risk/Reward= 1:1.75 | 1:3.86 | 1:7.48
Expected Profit= +43.61% | +96.36% | +186.52%
Possible Loss= -24.94%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 2 months
#STORJ : Upto 35% - 50% Profits Probability in The MidTerm.#Accumulation_Recommendation
Pair : #STORJ/#BTC
Accumulation Area : 0.8 USDT - 0.85 USDT
Distribution Target : 1.11 USDT
Note : You can distribute on different levels of resistance partially to keep the trade profitable.
StopLoss : Close below 0.77 USDT will be an indication for a trend reversal and if close with double candle sticks it will be a confirmation for a stop loss distribution.
@togetherweaccumulate
StorJ Ready To Try Again (111% Target Mapped)StorJ failed to move up as prices were rejected at the EMA200 brown line (marked red on the chart).
After 3 days of correction, low volume, we are seeing STORJBTC stable above EMA10, EMA21, and EMA50, signaling that the bulls remain in full control.
As prices consolidate for this altcoin pair, we aim higher as long as we stay above EMA50 (0.00001398).
Our next target is set at 111%, you can see the details on the chart.
Thanks a lot for reading.
Namaste.
STORJ/BTC / 4h / SupportThis is not financial advice, this is just my perspective.
Purple bars are support/resistance levels from early 2020, have been tested again.
Considering we fell below the EMA's and are hanging between strong supports it will depend on buyers and seller for the next trend to form, last dip buyers came back stronger,
depending where you bought in I would keep an eye on these levels
Let me know what you think.
Don't forget to follow if you would like to see more alt coin charts in the future. Bless you all.
Storj STORJUSDT - Bull flag + Ascending Triangle +470% gains- Recently the price broke out of the falling wedge pattern and currently forming an ascending triangle.
- If we take a look at Volume, in this case buying pressure is very strong.
- Next resistance is All time HIGH around 2.5 USDT (profit target).
- For expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - please check my signature below ↓
- Hit "Like" & "Follow". Don't miss my upcoming updates and new ideas!
STORJ / BTC / Long / 1DThis is not financial advice, this is just my perspective.
Alot of bullish indicators,
* Finished pattern
* Crossing MA
* Volume coming in
* Fib levels confirming
Seems like the alt coin season has started.
Bullish charts all over the place.
Don't forget to follow if you would like to see more alt coin charts in the future.
Bless you all.
Will Storj follow Sia? A small ascending triangle inside a larger ascending triangle provides a safe buy zone (all external conditions being equal).
Target could be 1.10.
Given that it follows sia often gives me the boost to believe it will break out on the upside of the triangles.
Let me know what you think of this trade idea in the comments please and good luck!
STORJUSDT (STORJ) - POTENTIAL BREAKOUT ANALYSIS 🔎
- STORJUSDT brokeout above the falling wedge resistance.
- Price action is printing a symmetrical triangle pattern.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the symmetrical triangle's inclined resistance.
TARGETS 🎯
- Horizontal resistance levels (R1, R2, R3).
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.