#STORJ/USDT#STORJ
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.3060.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.3090
First target: 0.3125
Second target: 0.3170
Third target: 0.3231
STORJUSDT trade ideas
#STORJ/USDT#STORJ
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards and retest it
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.3630
We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.3653
First target 0.3786
Second target 0.3915
Third target 0.14043
Storj Past Action & 2025 New All-Time HighStorj peaked late March 2021. In just one month it will be four years ago. The peak in November 2021, exactly eight months later, resulted in a lower high.
The previous bull-market cycle lasted one year between March 2020 and March 2021. Total growth for STORJUSDT amounted to 8386%.
The orthodox end of the bear-market happened in June 2022. We can say that the consolidation phase started after this date.
From June 2022 until present day, February 2025, STORJUSDT has been sideways.
The low in 2022 and 2023 is a higher low compared to 2020.
The low in 2024 and 2025 is a higher low compared to 2023.
We have long-term higher lows.
A new All-Time High is possible in 2025.
The story ends like this: There can be a new All-Time High in late 2025.
Thank you for reading.
Namaste.
STORJUSDT: CORRECTION OVER, ABOUT TO EXPLODEElliott Waves
-Completion of wave II of (III).
WTF
-OBV is showing accumulative correction
-Stochastic RSI is oversold and has made a bullish cross in the oversold region.
-RSI and MFI are showing bullish divergence.
-Price is testing monthly horizontal and support.
-Price is testing 5 years diagonal support.
WTF
-ADI and OBV showing accumulative correction and regular bullish divergence.
-RSI and MFI bullish divergence.
-Diagonal resistance breakout.
STORJ ANALYSIS📊 #STORJ Analysis : Update
✅There was a formation of Falling Wedge Pattern on daily chart🧐
#STORJ tried to breakout the pattern but failed to sustain. Also there is an instant resistance zone and if #STORJ breaks the pattern then we could expect around $0.5300 level
👀Current Price: $0.3967
🚀 Target Price: $0.5300
⚡️What to do ?
👀Keep an eye on #STORJ price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#STORJ #Cryptocurrency #TechnicalAnalysis #DYOR
STORJUSDT 4H TF - BullishKey Observations:
1. Downtrend Breakout:
The price broke out of the descending trendline, signaling potential bullish momentum.
Post-breakout, the price is consolidating above the previous resistance (now support) near $0.4482.
2. Support Levels:
$0.4482: Immediate support zone where the breakout occurred.
$0.4300–$0.4400: Strong demand zone (highlighted in blue) that previously held the price.
3. Resistance Levels:
$0.5013: Significant resistance; if breached, the price may test $0.5539.
$0.5539: A major resistance zone from previous highs.
4. Current Price Action:
The price is testing $0.4583, trying to establish a higher low.
Bulls need to defend $0.4482 to maintain momentum.
Potential Scenarios:
Bullish Case:
If the price holds above $0.4482, it may retest $0.5013.
A breakout above $0.5013 could lead to a move toward $0.5539.
Bearish Case:
A rejection near current levels and a drop below $0.4482 could lead to a retest of the blue demand zone.
Losing the $0.4300 zone would invalidate the bullish breakout.
Trading Plan:
Entry:
Look for long positions near $0.4482, with tight stop-losses below $0.4400.
Targets:
$0.5013
$0.5539
Stop-Loss:
Below the blue zone at $0.4300 to manage risk.
STORJ Breakout Loading Is a Bullish Surge on the Horizon?Pattern and Setup
Symmetrical Triangle Formation. A bullish pattern indicating potential upward momentum.
The price is currently consolidating within the triangle, nearing a potential breakout point.
Key Levels and Targets
Trendline Resistance at $0.70 this is a critical breakout level to watch.
Breakout Confirmation above $0.70 could lead to a significant upward move.
Strategy
Wait for a clear breakout with strong volume above $0.70 for a bullish entry.
Upside potential will depend on market conditions and momentum after the breakout.
Risk Management
Consider placing stop-loss levels below the lower trendline or recent support to manage downside risk. Target prices can be adjusted as the breakout unfolds, monitoring resistance zones.
Insights
Symmetrical triangles often indicatecontinuation, and this setup leans bullish. However, always confirm with volume for stronger conviction. Stay alert for false breakouts or a downside breach if momentum fades.
STORJ buy/long setup (12H)It seems that STORJ is forming a Diametric pattern and is currently at the end of wave D.
Buy/long positions can be considered around the green zone.
The targets are marked on the chart. targets: 0.5995 and 0.6733
The analysis will be invalidated if a daily candle closes below the invalidation level.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
STORJ/USDT Buy Setup: Breakout with 1:3 Risk-to-Reward PotentialWe’ve identified a compelling buy opportunity on the STORJ/USDT pair based on the following observations:
Break of Structure: The RSI (200-period) has confirmed a breakout, signaling a potential shift in momentum.
Engulfing Candle: A strong bullish engulfing candle indicates a robust buying interest.
Volume Spike: The significant increase in volume further validates the buying pressure.
Trade Parameters:
Entry: 0.5232
Stop Loss: 0.4497
Target: Resistance level at 0.7269
This setup offers a favorable Risk-to-Reward (RR) ratio of 1:3, making it an attractive trade opportunity. The confluence of technical factors and the RR incentive strengthens the case for this trade.
Ensure alignment with your trading strategy and risk management rules before execution!
