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STORJUSDT.PS trade ideas

STORJ - Simple Method: How To Spot A Potential BIG Breakout.STORJ is a money making chart. I like it a lot and have for some time. In this post I'm going to take a look at a potential breakout that is forming, some potential ways to confirm a breakout, and ways to spot potential target TP's. This is a simple guide, kept that way on purpose. There is a galaxy of information and strategies out there, so let's start small and work our way up. First things first, What is a breakout? A breakout, or a reversal, is a change in direction and breaking of trend; generally in the upward direction. A downward breakout is generally called a breakdown. Obviously, knowing how to spot these is a fundamental skill of trading, and a skill you can build upon with other more advanced techniques. So how do we spot a breakout? Well first we find a trend. In this case we can see a clear as day a downward channel formed on the 4H chart. Next we need potential places for this trend to end. Generally we find these by looking at previous resistance and support levels and observing how the price reacts at these levels. In this case we can see that the current support level has multiple points of historic reference and the downward channel stopped when we hit this level. But how do we know this will be a reversal? Well firstly, nothing is certain we just look for things lining up and call it appropriately. In this case we have a couple indicators up: Moving Average Convergence Divergence (MACD) - This shows the relationship between 2 moving averages of a security. Stochastic Relative Strength Index (Stoch RSI) with Exponential Moving Average (EMA) - This shows the relative strength of a security at any given time, with extreme movement in either direction generally being a sign of an incoming reversal (overbought or oversold, respectively). The EMA portion is useful for showing the average strength of a security over time, and can show whether long term trends are still present or have stopped. Volume Oscillator - This shows relative volume of a security, plotted in an oscillator for easier viewing. Lower volume can be seen as weakening trend, whereas increasing volume can be a sign of strengthening trend. Exponential Moving Average (EMA) - This shows the weighted average price of a security over time. How the price reacts to these average prices can tell a lot about potential future movements, and as it's an average price, you can often see pivots back to these levels in time of trend. In this case, we can see all the indicators listed above are pointing towards a potential breakout: MACD is just about to cross in bull divergence, RSI is showing Oversold with an uptrend formed already, volume shows bottomed out volume and EMA's are all above our current price. Again, this does not mean the price will for sure 100% do what the indicators say, things affect the market from outside and indicators are just indicators. But when we get many things in agreement, that tends to be seen as good potential. So how do we find our profit targets? We look at where the price has been before. In this case, we see that STORJ tends to hit it's fib levels very consistently. In that case we can usually plot our TP's along the fib scale, according to our taste for risk/reward, which you should have calculated individually before ever starting trading realistically. What do we do if it goes south? Well again, this is a personal preference thing. If you're making risky moves, set a tight SL below the current resistance level. If you're not the SL kind of person and make smaller, less risky investments; then make the investment now and if it goes down just reload and add to the investment. This allows you to average out the price, so when it does reverse you're in a better position to reap your rewards. Again, this is a very basic, bare bones approach. I'll go into some more fun stuff later :) -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
by cryptosince1963
STORJ.USDT (Y20.P4.E2.v2).Macro.Inverse HS Hi All, *** This is another continuation post (v2) from the previous one, as per my posting methodology where I like to link the trading story where its applicable *** Link supplied below: MY THOUGHTS: ==================================================== Keeping this one short as the previous post explained the observations and business case. Basically an inverse Head and Shoulders structure in my opinion, a reversal structure. The target is based on this which equates to a double top, strong resistance. In the shorter time frame, we have a pullback to potential 2 levels, as per chart. What are your thoughts, bullish on LINK? Please give me a tick or like for this post. Regards, S.SAri My targets for the pullback.z.chart. I placed a range because its difficult to decipher between the 0.5 and 0.618 fib micro level.
by ssari
STORJ.USDT (Y20.P4.E2).Macro.Looking for an entry.Hi All, Keeping this short as its only the planning phase: Storj did a nice reversal which was a beautiful clear setup which I missed out on, did not review the chart (bottom pattern was a reversal especially at the right fib level.) Chart below. With a strong bounce with 4 impulses, one would think this is the top on this impulse so I'm looking for a pullback before taking the trade, as its likely to continue the uptrend in the micro level. As the chart suggests, we can possibly have an inverted Head and Shoulder formation in the making. Storj can still go higher so don't fomo in, look for that pullback. On the daily chart, phoeix showing downward pressure with a current undecided candle. After 1 day, the next candle will give us the clue. Observe the bottom formation: ================================================================ Please give me a like or tick for this post, Regards, S.SAri. (ref. D.charts) The other possibility, which I find more unlikely is a flat neckline for the inverse H & S PREVIOUS POST was with BTC pairing ================================================================
by ssari
4
STORJ - Potential for 20%+ swing?STORJ looks to be making moves. Taking a look at how strong it is on the 1D and 4h We just had a bounce out of the historic "buy zone" support. Indicators on 1D : MACD has shrinking divergence in bullish direction. STOCH is strong. just leaving oversold with LOTS of headroom. Increasing volume with pumps, adds validity. Daily high bounced off fib level, implying resistance. indicators on 4h : MACD has slightly shrinking divergence in bearish direction. STOCH is overbought. Volume decrease in last bars. Just reached EMA 100 , it tends to play here a bit before proceeding on it's way and using it as support. We could see a bounce back down from here, but I think long term we're good for future growth. The movement today on volume, alone with decreasing sell volume up to now plus big buy volume was pretty confirming. If you're aiming to get in on it, expect a quick bounce down to the upper buy zone, around .38. try to get it on Try to get in on it there with a tightish SL. Once it reaches it's EMA it tends use it as support, but if it bucks that trend could be bad news. TP's are the purple zones.
Long
by cryptosince1963
2