STORJUSD
StorJ complete correction Today every data is in Cloud.. then Storj will become the future decentralized cloud storage network, Storj is unique in more ways than one. For one, unlike traditional cloud storage solutions that store data in huge data centers, Storj runs on a network of thousands of independent computers.
St❤️rj looks like it wants to head higherWhat do I like about this chart?
Putting in double-bottom structure very close to the .786 fib. I can buy at this level. A level where one can expect markets to turn if buyers are long. Limits my down side risk not buying the top of the market. A retrace to the 50% level, not far fetched imo, will almost double our money. Just above there are some wicks that will have to be "eaten". Price will often return to discover these. I've been nibbling from about $.93- $1.04, but am considering adding if this weekly double confirms and closes above the $1.10-$1.12 area. My risk is to zero.
There is a very distinct and confirmed bullish divergence in OBV.
There is some buy volume but would like to see it gradually stack higher.
It isn 't quite oversold, and it may not get there, if it turns up like the chart suggests.
Volume profile needs to be filled. Price dipped into value low, rejected it, and is now, I suspect, heading toward value high. Markets will do this frequent enough that I feel comfortable with TP there.
I like the story behind it, too.
This is not trading, financial, or life advice. I'm a beginning trader/tech/fundamental analyst. Received my discretionary trader's education from TRi, School for Trader Development.
COINBASE:STORJUSD
BINANCE:STORJUSDT
STORJ – quick pump ahead!Hello, everyone!
I found the quick scalping trade on STORJ. As we can see it has very nice consolidation after a huge pump next to the support area and the 0.78 Fibonacci retracement for the last impulse. Moreover the MACD histogram formed the true divergence, when the price made lower lows and the histogram made higher lows with the crossover the zero line to the upside and after that to the downside. This is very strong signal. I am going to take profit next to the supply zone.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
📤 STORJ breakout rejected? approaching key levelThe new daily candle appeared 5 hours ago at the time I'm posting this so don't get fooled by the wick, but it looks like the breakout was rejected and the price is heading towards the key level to test it as support.
Entry: buy between key level (1.25) and lower trendline of the formation -- or buy after successful breakout if the price gets rejected from 1.76 and pulls back
Long-term targets:
TP1: 1.76
TP2: 2.02
TP3: 2.59
TP4: 2.73
TP5: 3.76 (~200%)
TP6: OPEN++
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About STORJ:
Storj, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption.
In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform.
Two years later, an updated white paper was published. Here, a decentralized network — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018.
People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens.
Source: coinmarketcap
STORJ Likely to Find Support HereOn the 4 hour time scale you can see that STORJ is very perfectly bouncing off of the support lines that have been established by previous trends. I believe that this is a great buying opportunity at it is 15% off and looks like it's ready to begin recovery and markup in the coming days and weeks. This is not investment advice and please trade at your own risk, only trading what you can literally afford to lose. (That being said, if you HODL top 20 cryptos for a few years it's hard to lose).
STORJUSD Incoming Bullish TrendJudging from the long-term trends of STORJ, I'm noticing similarities between its behavior and coins like RLY, ETH2 etc. I ran a quick stochastic RSI analysis and saw that, at least in the past few days it is starting to become oversold despite the quick peak over $1.90 that happened last night. I'm anticipating that the low it's been hitting today is a correction for that brief peak which will soon be overtaken by another jump above $1.90, potentially even over $1.95. In my humble opinion, now is a good time to buy for a short-term boost of 10% +-2%. BINANCEUS:STORJUSD
STORJUSD H16: 50% Best Level to SHORT IT XABCD setup (SL/TP)NEWWhy get subbed to me on Tradingview?
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STORJUSD H16: 50% Best Level to SHORT IT XABCD setup (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: STORJUSD 16hour chart review
::: updated outlook
::: XABCD BEARS setup
::: +45% gains / from point D/PRZ
::: BEARS get ready to SHORT IT
::: from overhead still a valid setup
::: expecting reversal from point D
::: XABCD BEARS setup is still VALID
::: not a great looking chart
::: price/ RSI div very clear on H8 TF
::: speculative XABCD BEARS setup
::: short from overhead
::: DO NOT short at market now
::: point D TP PRZ / reversal level
::: BEARS get ready to SHORT from overhead
::: expecting correction/pullback mode
::: previously maxed out and
::: also rejected from MIRROR S/R level
::: STAGE2 DUMP pending soon
::: weak bounce possible from here
::: STAGE2 DUMP up to 50% LOSSES
::: BE CAREFUL and don't get caught in this
::: market not ready for recovery yet
::: correction MODE to extend into September 2021
::: similar setup in other alt coins so be careful
::: also overextended right now
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/point D/reversal
::: Sentiment short-term: BEARS/CORRECTION MODE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
STORJ - Neutral for now!STORJ is the second hottest coin on Binance right now with more than 9% price change.
Support: As shown on chart
Resistance: After the closure of the first 4H candle you can open your long positions and aim for that TP area I've shown on the chart.
Use this setup to open your positions and please be careful.
Current Market Price: $0.8454
Good Luck
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#STORJUSD to $8 is confirmedThe price action is so strong, the support is held strongly, and I can see it bouncing back with the $BTC
This is a long term winner with some real solution to future problems, how you scale decentralized apps without cheap, decentralized storage.
#STORJUSD to $20 within few weeksThis is following the expanding channel pattern. If this has to continue, the ceiling is sitting at around $20, put your sell orders around $19 just to be sure they gets filled as I expect a pull back from $20 levels
STORJUSDT STORJUSDT (1H CHART) Technical Analysis Update
STORJ/USDT currently trading at $1.81
Buy-level: $1.71- $1.84
Stop loss: Below $1.58
Target 1: $2.00
Target 2: $2.13
Target 3: $2.43
Target 4: $2.56
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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Opportunity to buy stepThere are good shopping opportunities that you can do step by step
You can do the first step at $1.87 and the next step if the blue line is reached, the targets are the green line.
Please enter proper management and low volume and be careful
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