$STORJ is breaking out
Just a quickie....
Saw this one called on Twitter and wanted to share it with you.
Storj was in a downtrend, found a bottom and bounced, made a flat correction and currently breaking out of the downtrend AND the flat.
On the 240 you can see rise in volume, in the last period of downtrend. Good sign that whales were accumulating.
Tradingadvice: try to wait for a consolidation instead of chasing candles.
Will update later when the trend is more clear so I can determine a target but I think it has lots of room to the upside.
Saw this one called on Twitter and wanted to share it with you.
Storj was in a downtrend, found a bottom and bounced, made a flat correction and currently breaking out of the downtrend AND the flat.
On the 240 you can see rise in volume, in the last period of downtrend. Good sign that whales were accumulating.
Tradingadvice: try to wait for a consolidation instead of chasing candles.
Will update later when the trend is more clear so I can determine a target but I think it has lots of room to the upside.
Note
forgot to update here, but this tweeted earlier today this scenario
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.