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Storj

STORJ/USDT Keep an eye on the Cup and Handle. Breakout or Fail ?💎 STORJ has recently displayed notable market dynamics, currently in the process of moving upwards toward the resistance trendline of the Cup and Handle pattern. 💎 This pattern typically indicates a reversal to bullish movement, and if STORJ successfully breaks out above the pattern, Probability we may witness a significant upward movement toward our target area. 💎 However, if STORJ fails to break out and experiences a strong rejection at the resistance trendline, there is potential for the price to retreat downwards towards the support level, which was previously a key resistance zone. 💎 At the support level, it is crucial for STORJ to bounce, as this area represents the last line of defense for the bullish trend. A failure to bounce at this level could signal a shift in market sentiment towards bearishness, potentially leading to further downward movement.
by MyCryptoParadise_Nathan
2
STORJ - 1267% profit in 2024, buy nowSTORJ looks incredible. We can see that the price broke out of the falling wedge - bullish reversal pattern on the weekly chart. Always look at the volume indicator to confirm the validity of the breakout. If we take a look at the volume indicator, we can see that the bullish volume is overwhelming, which is very positive! What's more important is the Elliott wave analysis. My analysis suggests that we started this uptrend with a strong impulse wave of 12345. That's the dream of every Elliott Wave trader. What we want to do is buy the correction of this impulse wave. Wave (2) should be complete, so it's good to buy this coin now. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is Storj? Storj, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption. In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform. Two years later, an updated white paper was published. Here, a decentralized network — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018. People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens. What Makes Storj Unique? As a decentralized cloud storage network, Storj is unique in more ways than one. For one, unlike traditional cloud storage solutions that store data in huge data centers, Storj runs on a network of thousands of independent computers. Anyone with a few extra terabytes of space can become a node on the platform by installing Tardigrade. All that is required is a strong and consistent internet connection. The efficiency of the network means that hosts pay far less for the storage of their data than when employing traditional cloud storage services.
Long
by Xanrox
5
STORJUSDT Pursuit of a 136% SurgeSTORJ has been a fascinating case study since September 2022. The lingering battle below the psychologically significant $0.5 level lasted a whopping 400 days, creating a formidable supply zone. However, the tide turned in November 2023, witnessing a breakthrough marked not only by a breach but, significantly, under the weight of intense buying pressure. The subsequent solid price surge propelled STORJUSDT to new heights, only to gracefully correct and find support near the once-elusive $0.5 mark. What was a supply zone has now metamorphosed into a demand area, accentuated by a bounce off the simple uptrend trendline, effectively validating the prevailing uptrend. With confidence, we can assert a high probability that STORJ is likely to continue moving north. A noteworthy expectation is the formation of a double top near the $1.2 resistance zone, aligning harmoniously with the 38.2% Fibonacci retracement levels. When/if this milestone is reached, investors and bullish traders stand to reap the rewards—a substantial 136% gain. STORJ/USDT resilience and strategic positioning offer a compelling narrative, making the $1.2 resistance zone a focal point of potential profit in the journey ahead.
Long
by CryptoPAMM
STORJ is giving another chance to ride the 2nd wave UP!STORJ surprised every one with a sudden pump to 0.60 with volume surging 2455%. That parabolic move -- as usual warranted a much needed correction to 78.6 FIB LEVEL at 0.35 price range. It is now bouncing off this 78.6 fib level with precision -- with price being attractive again. This newly created higher-low price range is a good base level for a new ascend. Currently sitting at a major order block support, this level is a good area to seed for the 2nd wave up. I'm anticipating initial accumulation at the current price range. Expect some significant price bounce from here on. Spotted at 0.350 RR ratio on this one is too attractive factoring the weight of the correction. TAYOR. Safeguard capital always.
Long
by JSAL
1
STORJ will have another bullish jumpThe structure is still bullish, we only had one bearish CH which indicated that we might reach the important OBs below. The price movement has slowed down and the presence of buyers can be felt a little storj is approaching a strong support area. We are looking for buy/long positions in the green area. We marked the targets on the picture .The stop should be placed somewhere under the green box. 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
Long
by behdark
2
StorjStorj, pronounced as “storage,” is an open-source cloud storage platform in which people with hard drive space and good internet connectivity can participate in the network to become a node in the network, and be rewarded by Storj tokens. Anyway, STORJ chart is a little stochastic and noisy, but there are clear upward and downward trends. After storj broke the major downtrend line, it started oscillating in an inverted wedge pattern. Now it seems storj has started an upward impulse wave and trying to break this inverted wedge. Let's see what happens.
CRYPTO:STORJUSDLong
by SaeedSalehinia
STORJ/USDT Process to retesting phase on the the support area.💎 STORJ has been capturing significant attention in the market It is currently in a retesting phase at what used to be a resistance level, now serving as support. 💎 There is a Probability that if STORJ successfully breaks out of the supply area early, before fully entering the retesting phase, it might continue its upward journey without needing to retest at the support level. 💎 The retesting phase will be considered valid if STORJ manages a bounce from the support area and resumes its upward movement. Should this occur, there's a high chance that STORJ could reach our target in the strong resistance zone. 💎 However, if STORJ fails to rebound from the support area and instead breaks below it, the next critical level to watch would be the demand area. 💎 In the demand zone, a robust recovery is crucial for STORJ. It's necessary for STORJ to demonstrate a strong bounce to either reclaim the lost support or achieve a breakout of the resistance to continue its upward trajectory. If STORJ fails to show a positive response in this area and breaks down further, it could signal a shift back to a bearish trend. This would potentially lead to further downward movement towards a more significant support area.
by MyCryptoParadise
Will Santa Deliver Storj Gainz for Christmas?On my wish list for Santa is a little extra cash here for Storj before it takes off! Look at this pattern I've spotted. Bull Flag. Touch on RSI trendline. Explode! 2.5x Gainz to the top. Bull Flag. Touch on RSI trendline. Explode! 2.7x Gainz to the top. Bull Flag. Touch on RSI trendline ...Explode? 3x Gainz this time? If the pattern repeats, we're looking at 3x gainz to the top at $2.17 which is also a level of resistance I have had drawn on the chart btw. This would be a longer-term swing trade (like weeks/months). And to hold to the final target would be rather risky without tightening stops that could easily take you out before then. So, if you are not into that, ignore this opportunity. As soon as I free up some cash from any of my other trades, I'm in. Best, Stewdamus
COINBASE:STORJUSDLong
by stewdamus
STORJUSDT.4HBased on the given market data, the STORJ/USDT pair is currently in a bullish trend, as indicated by the RSI (Relative Strength Index) values for 4h, 1d, and 7d which are above 50. This suggests that the currency is being heavily bought in the market. The MACD (Moving Average Convergence Divergence) values for 4h, 1d, and 7d are positive, indicating upward momentum. The Bollinger Bands for 4h, 1d, and 7d are above the current price, suggesting that the price is in the lower range, which could indicate a potential upward movement in the future. The price is currently above the support levels on all timeframes (4h, 1d, and 7d) and below the resistance levels, which means it has room to grow before encountering resistance. However, it's important to consider that the RSI on the 7d is slightly high at 76.39, indicating that the currency might be overbought in the market and could face a price correction soon. In conclusion, the STORJ/USDT pair seems to be bullish in the short term with a potential for a price correction due to the high RSI on the 7d timeframe. It's always important to consider other factors and market news before making any investment decisions.
by MarsSignals
STORJ will grow nearly 1500%It seems that the last correction wave is left from the big D wave. The D wave was a diametric one, and only the g wave remained from this wave. After completing this wave, we can expect storj to enter the big E wave. I specified the support area and targets. 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
Long
by behdark
STORJ/USDT Alert: Double Bearish Pattern! Exercise Caution. 🚀🐻📉 **Crypto Insights: Unveiling Storj/USDT's Double Bearish Pattern! 🐻📊** Attention crypto enthusiasts! 🚨 A potential double bearish pattern has emerged on $STORJ/USDT. 📉 Before diving into the bearish waters, conduct your analysis for confirmation. Remember to implement risk management—set a stop loss at 0.95. Opt for low leverage and minimal risk to navigate this trade securely. 🚀✨ Enjoy this unique analysis with Bitxer, and may your trades be both wise and prosperous! 💹📈 #CryptoAnalysis #TradeWise
Short
by Bitxer_PK