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Storj / TetherUS

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STORJUSDT trade ideas

STORJ 1H Analysis with Influences from 1D Fibonacci LevelsIn the STORJ 1-hour chart, a clear bearish trend is evident. While the provided technical indicators from the 1H chart mainly signal bearish momentum, the 1D Fibonacci levels could play a pivotal role in potential bounce-backs or resistance areas. Analysis: Fibonacci Levels (from 1D): The current price of STORJ in the 1H chart is approaching the 0.5 level at 0.3669. This could act as a significant support, and if the price respects this level, we could expect some buying pressure here. Should the price continue its downward momentum, the next major support would be at the 0.618 level (0.3253). On the upside, the 0.382 level at 0.4084 might act as resistance if the price were to rebound. Stochastic Oscillator: Given its oversold position, this suggests a potential pullback or temporary reversal might be imminent, which aligns well with the approaching Fibonacci support at 0.3669. Bollinger Bands and MACD: Both indicators continue to indicate bearishness in the short term. Most Probable Scenario: The STORJ price is likely to continue its bearish trend in the short term. However, the 1D Fibonacci level at 0.3669 could act as a strong support. If the price respects this level, we might see a bounce-back or consolidation around it. If it breaks through, the next target would be the 0.618 level at 0.3253. Conversely, if a rebound happens, the 0.382 level at 0.4084 will act as a key resistance. Conclusion: While the STORJ 1H chart indicates a bearish momentum, the 1D Fibonacci levels can provide key areas of interest for potential reversals or consolidation. It's essential for traders to monitor these levels closely for any signs of price reversal or continued momentum.
by MonoCoinSignal
STORJ Double top neckline broken STORJ UPDATE: In my last update about STORJ rising wedge…. STORJ broke it down and headed for the support… As we can see that STORJ broke the 4hrs TF neckline support of the double top that was created and consolidating below it which is preparing for now downside movement to mitigate the strong support at 0.344 Good to take a short entry at CMP tor the follow Targets below 👇 0.3886 0.3689 0.3440 Manage your risk and don’t be greedy Follow for more market update or chat me up
by MICHELXM
STORJ is close to dropStorj has been stuck in a resistance zone for a long time. Now a trend line has been broken and the price hit it in the resistance zone and some new resistance zones that you can see on the chart with the names of mitigation OB and supply. In my opinion, storj can move towards two announced targets from here. I specified the invalidation level, closing 1 Daily candles above this 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
Short
by behdark
8
Analyzing STORJ: Spotting Prominent Levels and Planning BreakoutIn this analysis, we will delve into the price action of the cryptocurrency Storj (STORJ) utilizing 1-hour and 5-minute time frame charts. On the 1-hour chart, we've identified several notable levels, with a specific focus on the level 0.4077. This level was chosen due to its significance, having been tested twice, making it a key point for analysis. We plan to enter a position upon a downside breakout of the 0.4070 level as it approaches. It's essential to note that the approach to this level should be gradual, and it's preferable to observe trading activity in this area before making a trading decision. A similar approach is applied on the 5-minute chart, where the mentioned levels are also visible. Analyzing on a shorter time frame provides additional clarity for more precise trade planning.
Short
by Anikeev_Pavel
STORJ/USDT Ready for Potential Correction? STORJ Analysis Today💎Paradisers, focus on STORJUSDT! It's currently moving within an ascending channel, hinting at a possible correction due to the overhead supply zone. 💎In recent times, Storj has been consistently following this ascending trajectory. However, a correction seems imminent. It's worth noting that STORJ will firmly anchor to a significant support level at 0.4282. 💎Below this, there's a clear demand zone accompanied by a Bullish OB. If STORJ dips below the support, it's likely to approach the demand zone highlighted on the chart. 💎Sharpen your trading strategies for STORJ with ParadiseFamilyVIP. Delve into our expert analyses on Storj and other potential tokens, streamlining your crypto journey.
Short
by MyCryptoParadise_Simon
STORUSDT Short from resistance. Possible H AND S Pattern?As we can see from the chart STORUSDT has reached the daily resistance level (Purple line). Looking at the price action we have a nice pin bar which closed below the daily resistance. These candles are a strong indication of a possible reversal. More conformation is a rising wedge pattern. This is a reversal pattern also, and the top trend line also corresponds with the daily resistance. My bias is still on the short side after getting stopped out for a small loss previously. I will take a short trade on the close of the pin bar and my stop loss will be above the top of this candle. Entering on this candle is an aggressive move. So the safer option would be to wait for the breakout or for price to retrace. This would add more confluence to you trade by doing this. There also could be a possible head and shoulder pattern developing, which could give some traders a good opportunity to trade if this does actually happen. Just something to keep in mind. Also keep in mind the swing fib levels and watch price action at these key levels. They can be used to take part profits along the way, or add into your trade. Good luck!
Short
by Hill_Trading
✴️ Storj Goes Bullish Today (1-3X Growth Now Possible!)Yesterday Storj challenged EMA50 as resistance but ended up closing the day below this level. Today, STORJUSDT manages to move past EMA50 (0.2602) on rising volume. As soon as the day closes above this level the mid-term bullish potential/bias is confirmed. EMA50 is marked here with a magenta line on the chart. This is a major development. Mid-term bullish potential can translate into 1-3X of growth, which means between 200%-400% profits potential. This Altcoin is bullish also on its Bitcoin pair, STORJBTC. You can check the related ideas for more. Namaste.
Long
by AlanSantana
2
STORJ Rising wedge STORJ UPDATE: STORJ Creating rising wedge on 4hrs TF…. I’m still expecting a deviation to upside from the rising wedge before dump… In short, I won’t short STORJ yet because there is imbalance above at 0.9 which is why I’m still holding my long on it even after final TP achieved… But, if I see any breakdown of this rising wedge will trigger me to close my long and open short after retest of the rising wedge support lose…… be safe Follow for more market update
by MICHELXM
STORUSDT Short into resistance!As we can see from the chart STORUSDT has reached the daily resistance level (Purple line). Having already got a rejection from this level, it has now retraced into the 4hr order block and created an inside block candle followed by a false breakout candle. This is a strong reversal pattern. I will be looking for a short from this level into the previous lows. Paying attention to price action at significant levels (50%-61.8% FIB) trend line and previous support. Good luck!
Short
by Hill_Trading
1
STORJ/USDT Crucial Zone, Break the strong resistance or Down ??💎 STORJ has certainly caught our attention. Despite its repeated attempts to breach the formidable resistance zone, STORJ has often faced setbacks, plunging sharply. However, the current chart formation appears promising, with a bullish trend evident on the hourly timeframe. This suggests that STORJ might soon overcome this persistent resistance. 💎 Yet, if STORJ faces another rejection upon encountering the robust resistance, it might retreat to its local support to gather momentum for another upward push. It's crucial for STORJ to rebound swiftly from this support. 💎 Prolonged sideways movement at this level might sap its momentum, risking a dip below the support. Should this occur, STORJ could gravitate towards the demand zone between $0.315 and $0.336, a region with substantial strength to support the asset. 💎 However, if even this demand zone fails to hold back the sellers, STORJ might plummet to a more robust support level or even further.
by MyCryptoParadise_Nathan
5