Storj at bottom of ascending channelStorj price came down to what looks like the bottom of this ascending channel and has reacted to a key support level. Possible swing long entry if price retraces but remains bullish.
STORJUSDT trade ideas
STORJ-USDT Technical AnalysisThe price of STORJ is in a downtrend and has been trading within a descending channel since March 2024, with the price consistently making lower highs. This downtrend is defined by a descending channel upper trendline that has acted as resistance multiple times and a lower trendline acted as support. Recently, the price has started to push upward, and this upper boundary of the descending channel is being tested again, suggesting a potential test of the downtrend resistance.
Several key support and resistance levels are visible on the chart. The most immediate resistance lies in the descending channel upper boundary, $0.3937 level, with a resistance zone (Green) at $0.4299 - $0.4420 just above. If the price manages to break through here, it could target higher resistance levels, such as $0.4947 the major resistance zone (Pink) at $0.5830 - $0.6110, and so on, all the levels are marked in the chart. These levels have historically seen strong selling pressure.
On the downside, strong support (Purple) at $0.3420 - $0.3501, where the price recently found support and began its current upward movement. Further support zone (Yellow) at $0.3003 - $0.3099 and the ultimate low at $0.2584, which acted as a base for a previous bounce. If the price fails to break resistance, it could retrace to these lower levels.
Overall, STORJ/USDT is at a critical juncture. A break above the downtrend and key resistance zones would indicate a potential shift in momentum to the upside. However, failure to break these levels could result in a continuation of the downtrend, with price retesting key support zones. The next few days will be crucial in determining the future direction of the pair.
Everything is on the chart
STORJ / USDT Set for a Bullish Breakout! Key Targets in Sight!STORJ/USDT Technical Analysis:
On the 1-hour timeframe, STORJ has confirmed a long trade entry at 0.4484. The bullish momentum is backed by the Risological Dotted Trendline , which signals a strong upward trend. This setup shows potential for a series of target achievements as the price inches closer to critical profit levels.
Trade Summary:
Entry Level: 0.4484
Target Levels:
TP1: 0.4800
TP2: 0.5310
TP3: 0.5820
TP4: 0.6135
Stop Loss: 0.4229
With initial target levels approaching, STORJ’s momentum could bring gains as it heads toward the upper profit marks. Watch for further bullish action!
bullish??A fractal breakout of 481 and a pullback is a signal to enter a long position/the target is the Fibo range of 50 to 62
STORJUSDT.1DSTORJ/USDT daily chart, several significant technical elements shape the current market landscape, offering insights into possible future movements.
Key Observations:
Resistance Levels: 'R1' at $0.6089 is currently the key resistance level. The price action around this level in the past suggests it could be a significant barrier to upward movements.
Support Levels: The price is currently testing the support level 'S1' at $0.3971. Below this, additional supports are at 'S2' ($0.3097) and 'S3', providing further levels where the price could potentially find a floor if declines continue.
Price Dynamics: There was a recent sharp rise followed by a corrective pullback to 'S1', suggesting a volatile market where traders are actively testing both supply and demand zones.
Technical Indicators:
Stochastic RSI: The Stochastic RSI is extremely low, indicating the asset is potentially oversold. This could presage a bullish reversal or at least some form of price stabilization in the near term.
MACD: The MACD is below the signal line and negative, suggesting that bearish momentum is currently dominant. However, the histogram shows a reduction in bearish momentum, which could indicate a potential shift.
Strategic Approach: Given the oversold condition indicated by the Stochastic RSI and the testing of support at 'S1', this could be a pivotal area for traders to watch. If 'S1' holds, it may present a good buying opportunity with a potential target at 'R1', especially if other indicators such as the MACD begin to show signs of a bullish crossover.
Conversely, a break below 'S1' would necessitate caution, as it could lead to further declines towards 'S2'. In such a scenario, adjusting stop-losses and reassessing market sentiment would be crucial. A defensive strategy might be warranted, with close monitoring of the lower support levels for signs of stabilization.
Conclusion: The STORJ/USDT pair is currently at a technical juncture with the potential for both recovery and further declines. The key will be the asset's ability to hold above 'S1'. Traders should remain vigilant, considering both the oversold condition and the prevailing bearish momentum. As always, keeping a close eye on further indicator developments and market news will be crucial in navigating the market effectively. Sound risk management strategies will be essential in managing the inherent volatility of the market.
STORJ / usdt. Buy setupHell guys. Price is reaching discount zone so becareful and DONOT ENTER TRADES WITHOUT CONFIRMATION
I am more bullish on storj now so buyers will come
BUY ZONE SHOWN FOR YOU BUUUUUT ALWAYS DYOR
Looking for long on STORJ looking for a swing long if price reaches the highlighted area as it represents a demand zone on the daily and weekly timeframe.
Storj / UsdtBINANCE:STORJUSDT
"Currently, Storj is showing signs of consolidation. If it holds above the resistance level of 0.5734, we could see it move toward the next resistance levels at 0.6587 and 0.7500. However, if it doesn't hold and drops below 0.4977 or 0.4565, those could act as support levels. Remember, this isn't financial advice—always do your own research and assess the risks!"
That way, you’re providing useful insights while reminding everyone to be cautious!
Storj BINANCE:STORJUSDT
"Currently, Storj is showing signs of consolidation. If it holds above the resistance level of 0.5734, we could see it move toward the next resistance levels at 0.6587 and 0.7500. However, if it doesn't hold and drops below 0.4977 or 0.4565, those could act as support levels.
Remember, this isn't financial advice—always do your own research and assess the risks!"
That way, you’re providing useful insights while reminding everyone to be cautious!
STORJUSDT (Storj) Updated till 19-10-24STORJUSDT (Storj) Daily timeframe range. pushing hard from its local low. not far away from its mid 0.8518 resistance. there are not much of holdup if volume dont drops it can continue. recent support at 0.5962.
$STORJ longThe coin has traveled all the way to its destination. Now I expect correction to the zone from 0.4455 to 0.3812. This is the level of position set and return to the zone from 0.6065 to 0.6765.
For myself, I decided that I will take a short on the movement to the set zone from 0.6199 to 0.4455
Storj / Usdt BINANCE:STORJUSDT
🚀 Storj Update! 🚀
Currently, Storj is priced at $0.5995 and has successfully broken through its resistance level, which has now turned into a support area at $0.5734. If the price holds above this support, we could see the next resistance at $0.7000.
However, if the price fails to maintain the current level, the next support zones to watch will be $0.4920 and $0.4400.
As always, remember: this is not financial advice! Stay informed and trade wisely!
Storj is still bullishstorj was making a falling wedge chart pattern thats a bullish indication, and had made successful breakout from the trend and now it is facing its first strong resistance at 0.6$ but it is making strong consolidation below resistance that is also a bullish indication, The over all target as per this breakout is 0.820.83$, it might also face resistance at 0.74$.
Storj Correction, EMAs & Higher LowWe are looking at the 2D timeframe... Storj is moving, that's the thing.
We can see prices moving within a full green candle above EMA8/13/21. This is happening after a long-term higher low, more than a year ago.
The previous wave was corrected by 79%. That is, prices dropped by 79% from its December 2023 peak. A very strong correction by all standards. Storj being a strong project, this can potentially be the end of the correction. If prices move lower; buy the dip.
The entire correction lasted more than eight months which is also a long time. This favors a reversal.
I am showing only short-term targets on this chart but there can be more. Remember, this charts are meant to show you the entry, "great entry timing," the opportunity; once you are in and green, the rest becomes easy.
Good luck and good profits.
👉 Buy and hold.
➢ Buy everything in 2024.
Hold until late 2025... It will be clear when the time to sell comes.
In 2025, when everything starts hitting new all-time highs... That's the time to sell.
When everything is hitting bottom, that's the time to buy.
Namaste.
STORJ near important levelSTORJ / USDT
Price is very close to the uptrend line (since 4 years)
This level was producing pump every time price touched it in past
Monitoring price action here for potential upside scenario
Best of wishes
STORJ MOVING UPwe are seeing a good spike in storj after a lot of days. With our aggressive FBuy print and a good volume on the charts and most prominently the great dump of btc in the previous candle didn't affect the momentum.
A 0.75 area could be possible.
Stop loss below our FBuy print
DYOR
#STORJ/USDT#STORJ
The price is moving in a descending channel on the 4-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 0.3600
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.3940
First target 0.4390
Second target 0.4720
Third target 0.5092
STORJ ANALYSIS (4H)Storj seems to have entered a diametric recently.
We now seem to be in wave F of this diametric.
We are looking for buy/long positions in the green range.
The targets are inserted on the image.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
STORJ/USDT Breakout Alert: Ready for a Major Move!Hey everyone!
If you're enjoying this analysis, don’t forget to give it a thumbs up and follow for more!
STORJ is looking strong here! It has just broken out of a descending triangle on the 2-day time frame and is showing great potential for an ATH (All-Time High). This could be the perfect opportunity to buy and accumulate on dips for big gains.
Entry range: CMP and accumulate up to $0.42
Targets: 150% - 200% upside 📈
Stop Loss (SL): $0.33
What do you think of STORJ's current price action? Are you seeing a bullish setup? Share your thoughts and analysis in the comments below!
STORJ TO GO 2X FROM HERE!With the recent growth in the price of SEED_DONKEYDAN_MARKET_CAP:STORJ coin, and having bullish environment it could be predicted that price is really handsome for coming days, aiming 0.55 as the first target. And if the bullish momentum continues we will see price surging towards 0.72, 0.99 and 1.11 level in coming weeks.
However always be prepared foe small fluctuations in between.
STORJUSDT.1DThe STORJ/USDT daily chart reveals an intriguing scenario that deserves careful analysis. Currently, the price is challenging the descending resistance line 'R2', which has been a significant barrier since earlier this year. The recent upsurge has brought it near this resistance, posing a critical test for the bulls.
The ascending trendline marked as 'S1' suggests a series of higher lows since July, indicating a growing bullish sentiment among investors. The intersection of 'S1' with the descending 'R2' forms a converging pattern that could result in a decisive move.
Key Levels to Watch:
The immediate resistance is at 'R1' ($0.4561), which if breached convincingly, might pave the way for a test of the more formidable 'R2'.
Support 'S1' seems robust and is key to maintaining the current uptrend. A breach here could lead the price to test the lower support 'S2' at $0.3127, potentially invalidating the bullish outlook.
Technical Indicators:
The Stochastic RSI is nearing overbought territory, suggesting the price might soon face upward momentum fatigue. This could lead to either a consolidation phase or a pullback if buyers do not maintain their pressure.
The MACD is below zero but seems to be converging towards its signal line, hinting at a potential bullish crossover if upward momentum continues.
Given the current setup, my approach would be cautiously optimistic. I would closely monitor how STORJ reacts upon reaching 'R1'. A sustained move above this level could suggest the potential for a breakout towards 'R2'. In contrast, failure to overcome 'R1' or a breakdown below 'S1' could shift my stance to a more defensive strategy, considering potential short positions with a target near 'S2'.
In conclusion, the coming days are crucial for STORJ as it approaches key technical junctures. Traders should watch for confirmed breaches of these levels and adjust their strategies accordingly, ensuring they are prepared for both bullish and bearish scenarios. Effective risk management and responsive decision-making will be paramount.
StorJ USDT Spot Trade 15% potentialSTORJ/USDT is showing signs of a potential breakout with a 15% pump expected. The current price action is approaching a key resistance level, and if broken with strong volume, it could trigger a short-term rally. Keep an eye on technical indicators like RSI and moving averages for confirmation of the momentum shift. 📈 #STORJ #Crypto #Breakout
