STORJBTC trade ideas
STORJ/BTC Running Back to the Upwards Curve LineStorj is running back upwards to the original base line before the BTC uwpards trend.
[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,
STORJ-BTC watching movementWatching movement against the channel, potential support and resistance lines.
STORJ Pump - Currently testing 0.0001 line ~ Can the pump hold?I've watched it go from .61c to .68c, small buy wall coming up @ 0.0001, testing that line now - if it breaks we may see a second run.
STORJ time to bounceSTORJ as consolidated a base with MACD divergence, RSI/Willy breaking out of oversold, and two large volume purchases. If it breaks the 0.382 fib, the reversal will be confirmed and look for 0.618-0.762 test at the very least.
STORJ/BTCSTORJ has been extremely true to this channel so far and expect a bounce off the bottom trend line before heading back up. Taking a long position here after I recognize the bounce.
Whats everyone else's thoughts?
This is not trading advice
STROJBTC Short buyIndiciation of furter 15 min growth.
Open short and watch for maximum efect. Close should be -20% - gains +10 +15
STORJBTC Bittrex. Consolidation under the support If the price breaks through the support level, then the targets for sales are FIBO 0.786
STORJ - no brainerUptrending channel. Rounded bottom forming along 618. Should probably find support, become an ascending triangle, and hit about 140 in the next day or two
STORJ And TeaIt's what happens around times like this after you've been dragged like a rag doll by BTC. When he leaves the room for a while, many Alts, previously relegated to major lows, will form the vaunted cup and handle.
$STORJ next targetEarly entry - red. Good entry - blue. Perfect entry - orange. Mid term targets are 8500, 10000 and 13000 sats.
Possible STORJ bounce on 1hr candles Storj has broken Ichi Moku resistance on 1hr candles and is pushing into a shallow rising wedge. MACD indicator crossing up over the zero point. I expect it to follow NAV and LSK
STORJFirst time publishing a chart.
Just completed a 'bearish' elliott wave cycle. Broke through support line (5) and now trying to reverse (symmetrical triangle).
Good buy because lower than previous support at 10k.
Strong buy walls at 7600 and 7560.
Uptrend Confirmations
Now found support on the 50MA (cyan line). Uptrend confirm once 50MA clearly curve up.
MACD on the 1h indicating an uptrend. If crossed downwards, expect it to ride alone the support line for the short term.
MACD on the 4h indicates an uptrend is in progress.
Clear liftoff from support line and heading towards resistance line (yellow arrows)
Volume rise
Downtrend Continuation
Fail to bounce off 50MA line on most charts
Break through below triangle below 7150 (red arrow)
Keep in mind BTC movement.
Keep in mind, we are still in a bearish market!! :D
Mid/long term target - 9k/10k/11k
Stop-loss - 7k
Good luck!
STORJ$STORJ - Trend is still bearish. Good thing is, it is at its all time low level so buying and holding for few months can give good return. In short term I can see it touching 9700 mark. The MACD needs to cross the 0 line for a proper buying signal. Once it crosses the resistance line(5) I expect it to move towards 10k.
