STORJUSDT trade ideas
STORJUSDTHello Crypto Lovers, This is a 1D frame analysis for STORJUSDT After breaking the white resistance line, the price was able to experience a good rise. Currently, the price is in a resistance area and a supply area, and there is a possibility of price correction to our first support area and then bouncing back to its own breakdown point. If the daily candle cannot establish above the resistance line, the possibility of price correction towards our support line will be stronger. However, if it can establish above the resistance line, it can touch higher numbers. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
STORJ sat on key support looking to push upSTORJ sat on key support looking to push up
Everything is lining up for STORJ to bounce from a key support with an oversold divergence showing
| Untested Weekly Pivot
| Long Term Support
| Bullish Signal
| Breakout on Key CVD Trendline
| Bullish Divergence + Oversold
Storj (STORJ) to $2. SoonishSo much going on in the above daily chart, multiple reasons to be bullish.
1) There was a ‘incredible buy’ signal, just did not get around to sharing. See 2-day chart below.
2) Price action has broken out from long term resistance since November 2021 as shown by the black arrow, do you see it?
3) Most recently price action has broken out from a bull flag formation during a month long consolidation period.
4) The Bull flag ‘flagpole’ extension measures a target to around $2, that’s almost 200% from current levels.
5) Price action consolidates on the golden ratio.
6) The Fibonacci golden ratio extension (1.618) measures out to the same target!
Is it possible price action falls further? Sure.
Is it probable? No
Ww
Type: trade
Risk: 6% of portfolio
Timeframe: no idea
Return: 200%
2-day chart
STORJ/USDT broke the trend! Good morning guys
STORJ had a nice breakdown here which has been confirmed as well for now. We are looking for the price to reach for those blue lines on the upcoming week so let's wait and see!
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Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
#Storj LongIn the previous post, I mentioned that if a lower ceiling is reached, a short trade can be entered, but this did not happen. He was in a motivational wave and hit the ceiling. This wave can be wave 3 or C. Therefore, I expect it to break the price range strongly. Otherwise, he should modify the dynamic trigger again until the floor is higher, which I think is unlikely. This small wave 3 is from the lower level of the big corrective wave 2. In the weekly time, important resistance levels have been identified that can be the targets of this currency.
STORJUSDT → MA200 is support. Price breaks resistance Storj / TetherUS forms a set-up that allows you to open long positions. Price gains support from moving averages and breaks wedge resistance.
Given the increasing potential of the cryptocurrency market, many altcoins show positive dynamics, while bitcoin is in a strong consolidation and also waiting to reach the important mark of 3000.
Storj in a double signal opens a new path for itself. MA-50 and MA-200, after crossing, become a strong support area.
The price comes out of the wedge and prepares for the formation of growth.
I expect that in the medium term, after the price comes out of the wedge, the trend may change. I expect the price growth after the exit from the wedge. The medium-term target is the resistance at 0.5337; long-term target is the fibo level at 1.618 and the liquidity area at 0.6780.
Regards R.Linda!