Storj Recovers After Testing MA200 As Support
Updated
Let me show you a quick one...
Normally, after a strong resistance is taken out, this same level is later tested as support.
Here we have the chart for STORJBTC... Put your attention on the light blue highlighted area.
On the left, we see STORJBTC moving above MA200 (black line).
This leads to bullish action.
Then, the same level is tested as support, right side.
After this level is tested as support, if it holds (meaning that prices bounce as it is happening now), we can expect additional bullish action (green arrow).
STORJBTC is likely to resume its growth.
If prices remain above MA200 (black line), we can say that STORJBTC tested MA200 as support and resulted in a higher low... This is a bullish development.
Note: If the price breaks below MA200, the above signals are invalidated.
Namaste.
Normally, after a strong resistance is taken out, this same level is later tested as support.
Here we have the chart for STORJBTC... Put your attention on the light blue highlighted area.
On the left, we see STORJBTC moving above MA200 (black line).
This leads to bullish action.
Then, the same level is tested as support, right side.
After this level is tested as support, if it holds (meaning that prices bounce as it is happening now), we can expect additional bullish action (green arrow).
STORJBTC is likely to resume its growth.
If prices remain above MA200 (black line), we can say that STORJBTC tested MA200 as support and resulted in a higher low... This is a bullish development.
Note: If the price breaks below MA200, the above signals are invalidated.
Namaste.
Note
Perfect hit on target #6...Enjoy the profits.
TARGET:
1) 0.00002250 |Hit 13-Aug. (+23%)
2) 0.00002600 |Hit 14-Aug. (+42%)
3) 0.00003200 |Hit 23-Aug. (+74%)
4) 0.00003600 |Hit 24-Aug. (+96%)
5) 0.00004400 |Hit 24-Aug. (+140%)
6) 0.00005100 |Hit 28-Aug. (+178%)
7) 0.00006700
8) 0.00007700
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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.