Storj
STORJ - The Next BIG Gainer?Storj Coin has been trading at the price of $0.5 for quite some time, but after the rally started back in October price has reached an all-time high, hitting $3. The corrective wave followed where Storj lost back to the USD over 80%, while the correction was stopped by 88.6% Fibonacci retracement level which was rejected cleanly.
The price of Storj remains undervalued, considering the facts that the current price is only $1 while the total supply is only 500,000,000 SJCX, and the price has been trading on lows for an extended period of time.
However, there are very strong resistance levels, that have to be broken in order for Strong to starting producing heavy gains. First resistance is at $1.56, and second $1.78. Break above the second resistance should confirm a very bullish scenario for the Stong and could push price x10-20 in the midterm.
On a downside. break and close below the $0.6 support could invalidate bullish outlook.
Storj/Bitcoin Long Setup This coin has a lot of bullish potential, as you can see from the chart the price has painted a huge triangle which can indicate a breakout and profit opportunity. You can set buy orders in the green box between 8,000 - 10,000 satoshies and set a target of 20,000+ satoshi. I would also like to mention bullish MACD cross upcoming if the price in fact would breakout, I have included two scenarios because a potential lower low is possible which being aware of multiple possibilities can give you confidence in your trading. :D
STORJ/BTC - 2/13/2018After reacting well to a double top pattern, STORJ/BTC began its decline like every other coin currently. Since January it has been forming consolidation in the form of a descending triangle. Although the prices match the pattern in the forms of higher lower highs and relatively the same lows, this is not a great sign for holders of the coin. In the long-term, because the descending triangle is a continuation pattern, this means the price is expected to continue in this downtrend for the length of the breakout of this triangle IF it is broken (and accurate). Inside the triangle though, lies some hope. There is an ascending triangle formation that is forming inside of the larger scale triangle. If this ascending triangle is broken correctly, the price may be able to escape its current drought and prevent the price from entering a major decline if the descending triangle is broken. Although, the RSI (debatably) shows a triple top that may indicate a reversal, in this case, continuing to form the descending triangle and perhaps break.
Important Resistance Levels: 12110, 14361, 16336
Important Support Levels: 9918, 8059
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Written by:
Arham Bheda
Senior Research Analyst
Another Triangle For StorjHi guys,
As you can clearly see there is a triangle that we are in. We can trade till second quarter of February after then we will decide what to do.
I hope February will be the month of Storj.
Have a great day.
(P.S. : I'm a beginner trader, trading for about 1 months. This is my opinion, do not invest your money based on what i drew or i said.)
#STORJ CUP AND HANDLE possible bullish breakoutCUP WITH HANDLE spotted on $STORJ #STORJ chart. After the parabolic move you can clearly see the descending wave which could throw the bearish trend into reversal.
I am hoping in breaks the 0.0018 ETH resistance mark and I would say it will because it has been consolidating for a while and soon to reach a breakout point.
I'd say it is a good time to get into STORJ if you're looking to make some profit. I recently just got into this coin so begin day trading. I bought in at 0.0015704 ETH and am down 11.5%, but since I am expecting a breakout I am short-term bullish on this coin.
Let me know your thoughts on my analysis since this is my first proper one. Any tips and constructive criticism is appreciated. Much love to you all in the crypto space.
STORJ/BTC is Showing Strong Safe Bull Signs 30% - 300% ROI Pot.Hello, Trading Followers,
Here is my first post. I can tell by all the rules that I have be learning about for the past month. This follows all of them and it shows positive signs in every category. Once it leaves the bottom support line it will continue rising until it finds a new market price average. When that happens it will go sideways. So it is best to jump on at the support line in a bull market.
You can hold this coin for several weeks because the new market average has not been discovered yet. So be sure to keep an eye on it. When it goes sideways for 2-4 days I would sell it for a profit during that time depending upon hourly trading signals to get the highest ROI during that specific day.
Thanks,
StopLoss123
STORJ ForecastSTORJ has done well compared to most of the coins against major sell of weekend. But still it has room for some more
downfall. It has strong support on the down side which can keep the price in a certain range and stop it from free fall. It is making a possible Head and shoulder formation as well as an alternative pattern along side. This can be a quick swing trade as well so buying on any of the support levels can be profitable based on the current scenario. Bullish long term but remain cautious of buying above market price.
What's In Store For STORJSo many altcoins are working on their cup and handles and some are just not there yet, like STORJ. We can postulate what the play might be with pattern recognition in other coins and their movements. I see a lot of coins making handles that are falling wedges within smaller cup and handles. $STORJ might be a coin for websites, but it can also boost your portfolio given a little patience. Should at least complete the greater cup and handle.