STORJ/BTC (Trendline Support Failed)💎Technical Analysis Summary💎
BINANCE: STORJBTC
-Broke the structure to the downside and touches the previous Higher Low
-The 4200s sat range has been a good trading area for 10 days
-If the Bulls can hold this zone, we might see a small upside correction
-Before the dominant trend continue lower down to 3600s sat area
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STORJBTC trade ideas
STORJ - Uptrend Broken, Potential Support Retest?STORJ has been seeing some heavy resistance since quite the bullish breakout from it's previous retest.
Broke through it's uptrend support line, if we see it using it as resistance will be sign of bearishness.
We're still trading above all notable EMA's with the previous bounce being at EMA 100. Watching how STORJ behaves around EMA 50 (right about now) will tell us a lot. If that's the new support level, it will be a sign of bullishness.
Indicators:
RSI is in freefall at the moment but EMA is still strong.
MACD is showing a bearish cross with first bearish divergence in a while.
OVERALL:
Wait to see how it behaves here. If we see strong support around EMA 50 we'll get a bounce back up, if EMA 50 is ignored we'll retest EMA 100 and likely have some bearishness in the future.
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STORJBTC H4: BEST level to BUY/HOLD 60% gains(SL/TP)(NEW) Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
STORJBTC H4: BEST level to BUY/HOLD 60% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: STORJBTC H4 chart review/outlook
::: bullish V-shape recovery in progress
::: however heavy resistance overhead
::: expecting 20% pullback off the highs
::: BULL should get ready to BUY LOW
::: after the final pullback
::: near mirror S/R level 4 000 sats
::: so just be ready to buy later
::: and get paid
::: good luck traders!
::: and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: PULLBACK/BEARS
::: Sentiment outlook short-term: BULLS
STORJ...Forming a Falling Wedge patternWe expect price will falling to about 78.6 fibo retracement level
and then rises.
Falling wedge occurs when the uptrend paused
If look at chart in weekly time frame sees forming a C&P pattern (Cup and Handle)
MACD&RSI still in neutral area which confirms this claim.
STORJ Confirmed Uptrend...Really important to me Please support my work by like or leave a comment
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..........................................................................................
Described on chart...
Storj Strongly Bullish (330% To ATH + New ATH or More)Storj (STORJBTC) is looking strongly bullish right now and just broke above EMA100 for the first time ever on the weekly.
This is a very strong bullish signal.
After the 2018 ATH, STORJBTC went on a 2.5 years-long bear market...
Just recently, in the past 3 weeks, we've been seeing some really strong bullish action, but this is only the beginning.
As you can appreciate from this long-term chart, prices are still trading relatively low compared to the full picture.
The trading volume is just starting to coming in and the MACD has room for plenty of more growth.
Long-term, we can see the last ATH being broken plus so much more.
We can see 10X, 20X, 30x, and even 50X+ in the years to come...
The cryptocurrency market is wild... Just as we can hit new lows, we can also hit new highs on the next run.
Thanks a lot for your support.
Namaste.
Storj Recovers After Testing MA200 As SupportLet me show you a quick one...
Normally, after a strong resistance is taken out, this same level is later tested as support.
Here we have the chart for STORJBTC... Put your attention on the light blue highlighted area.
On the left, we see STORJBTC moving above MA200 (black line).
This leads to bullish action.
Then, the same level is tested as support, right side.
After this level is tested as support, if it holds (meaning that prices bounce as it is happening now), we can expect additional bullish action (green arrow).
STORJBTC is likely to resume its growth.
If prices remain above MA200 (black line), we can say that STORJBTC tested MA200 as support and resulted in a higher low... This is a bullish development.
Note: If the price breaks below MA200, the above signals are invalidated.
Namaste.
STORJ/BTC (Pullback to Previous Resistance?)STORJ/BTC
-We can the price starts going down and setting a temporary top
-The area needs to be watching is somewhere 2766-2653 sat
-This zone is a confluence of previous resistance, Golden Fib level, and 50ma
-The chances of a bounce reaction if the price hits this area is high
-But I recommend opening a buy position only provided there are bullish signs
-Enable your alerts and let the trade come to you
STORJ + GITHUB ACTIVITY + VOLUMESTORJ is 9th place in github activity raking past year.(according to cryptomiso records). In addition to this, trading volume is increasing since April 2020(according to coinmarketcap records). Weekly chart printed nice accumulation zone. Great potential to move higher. Possible targets are in the drawing.
This is not an investment advice. Investment is your own choice.
STORJBTC 2D: 120% gains // Best level to BUY/HOLD IT (SL/TP)(NEWWhy get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
STORJBTC 2D: 120% gains // Best level to BUY/HOLD IT (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: STORJ/BTC 2days/candle chart review/outlook
::: very strong chart accumulation
::: previously and upside breakout
::: expecting short-term gains BUT
::: PULLBACK soon / buying opportunity
::: for BUY/HOLD traders
::: almost 120% gains possible
::: get ready to BUY/HOLD after pullback
::: 1800/1900 SATS best RELOAD BULLS
::: recommended strategy: BUY INTO PULLBACK
::: TP BULLS 4 000 SATS
::: 120% upside for bulls
::: re-test of horizontal S/R at 4000 SATS
::: is a high probability setup
::: BUY/HOLD setup for patient traders
::: just BUY low and get paid, period
::: good luck traders
::: details: see chart
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK
::: Sentiment outlook short-term: BULLS
Storj | Bullish In All WaysHere is one that brings back memories... STORJBTC is looking strong above EMA300.
We have a steep ascending channel, marked with orange lines.
Normally we would expect prices to move lower after the last drop but since STORJBTC managed to break back above EMA300 (0.00001787), it is possible to see additional growth right away.
On this chart, I marked the next targets as Fib. levels as well as support.
If prices drop (red arrow), we remain bullish after...
Thanks a lot for reading.
Namaste.