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📉 Major Falling Wedge Setup on $STORJ 🚀Hello, fellow traders! Today, I've identified a significant trading opportunity on $STORJ with a major falling wedge pattern. Let's take a closer look: 📈 Technical Analysis: $STORJ has been forming a well-defined falling wedge pattern, indicating a potential reversal in the current downtrend. Falling wedges are bullish chart patterns that often precede a breakout to the upside, making this setup particularly intriguing. 📉 Wedge Structure: The falling wedge is characterized by a series of lower highs and lower lows, converging towards a point. This tightening price range suggests diminishing selling pressure and a possible shift in market sentiment. Keep an eye on the wedge's boundaries for potential breakouts. 🔍 Key Levels to Monitor: Resistance: Watch the upper boundary of the falling wedge as a crucial level that needs to be breached for a bullish breakout. Support: Monitor the lower boundary of the wedge, which acts as a key support level. 📢 Potential Breakout: A decisive breakout above the wedge's resistance, accompanied by a surge in trading volume, could signal a bullish move. This breakout might lead to a reversal in the downtrend and potentially provide an opportunity for profits. 💡 Trading Strategy: Consider initiating a long position on a confirmed breakout above the wedge's resistance level. It's essential to manage risk by setting a stop-loss order below the support level. Keep an eye on the overall market conditions and ensure proper risk management before entering any trades. Please conduct your own analysis and exercise caution while trading. 📢 Disclaimer: This post is for educational purposes only and should not be construed as financial advice. Let's stay tuned and follow the action on $STORJ! Share your thoughts and join the discussion below. #TradingView #FallingWedgeSetup #STORJ #Cryptocurrency #TechnicalAnalysis #BullishReversal #BreakoutPattern
CRYPTO:STORJUSDLong
by STP_MrNodeItAll
STORJUSDTHello Crypto Lovers, This is a 1D frame analysis for STORJUSDT After breaking the white resistance line, the price was able to experience a good rise. Currently, the price is in a resistance area and a supply area, and there is a possibility of price correction to our first support area and then bouncing back to its own breakdown point. If the daily candle cannot establish above the resistance line, the possibility of price correction towards our support line will be stronger. However, if it can establish above the resistance line, it can touch higher numbers. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
4
#Storj LongIn the previous post, I mentioned that if a lower ceiling is reached, a short trade can be entered, but this did not happen. He was in a motivational wave and hit the ceiling. This wave can be wave 3 or C. Therefore, I expect it to break the price range strongly. Otherwise, he should modify the dynamic trigger again until the floor is higher, which I think is unlikely. This small wave 3 is from the lower level of the big corrective wave 2. In the weekly time, important resistance levels have been identified that can be the targets of this currency.
Long
by alikze
STORJBTC - Significant Break on Strong TrendlineSTORJBTC has been trending downward for the best part of a year now, after an explosive upward move previously. With a bearish market around for so long and the descending trend line having been tested on many occasions, resulting in a price rejection every time, it has now finally broken through! We've got a strong Buy signal from CTv2 and can see 3 clear Take Profit levels - 15%, 35% and 50% respectively, this could be a really nice trade here! ✌️ If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
SLong
by theCrypster
6
✳️ StorJ | The 455% Potential Is Only Wave 1StorJ (STORJBTC) is now set for massive growth, same as the entire cryptocurrency and conventional markets. If you look at the chart, you can see two main targets. 1) 270% 2) 457% This 270% - 457% potential for growth is/will be only Wave 1. The market moves in cycles and each move should produce a total of 5 waves. Waves 1, 3 and 5 are positive/up, while Waves 2 and 4 are negative/corrections/down. So even though we are about to see some really strong movements for the altcoins we trade, love and enjoy, great amazing altcoins, this is only the beginning. Preparing ahead of time is the best a trader can do to achieve maximum success. Namaste.
SLong
by MasterAnanda
2
✴️ StorJ | Ready To Follow Bitcoin (Name Your Altcoin #44)StorJ is looking great on so many fronts as is the entire cryptocurrency market. Let's dive into another analysis of the Name Your Altcoin series, thanks again for your amazing support. The first signal that is about to develop is the bullish cross between EMA50 and EMA100. This is yet to fully develop but a strong bullish signal. The EMA50 line is crossing upwards, north, on the bull-side the EMA100 line. When you see this happening the market is surely heating up. The RSI super strong, it has been strong starting the first half of January, this is true for Bitcoin and most of the altcoins within the cryptocurrency market. The correction from 9 to 14 Feb ended perfectly at EMA50/EMA100, which coincides perfectly again with the 12-May 2022 low. We expect massive growth above these levels. First target is EMA300 at 0.5870, so easy that we will ignore it and jump right to the next one. 0.618 Fib. extension for 68%, easy as well... Next is a strong one for 250% at 1.4938. Finally, we can see an astonishing 430%+ at 2.2691 but this is on the long-term. I mapped these on the chart for your convenience. Thanks again and see you on the next one. Namaste.
Long
by MasterAnanda
3
Long Entry at LT Support and Falling Wedge Breakout for STORJGreetings, Snipers! The crypto market had a lovely rally yesterday, which opened doors for some delicious breakout sniping! My eyes are on STORJ: The price earlier hunted for stops at $0.24 and bounced to complete the falling wedge pattern STORJ has now broken out of a long-term falling wedge STORJ is re-testing a strong long-term support (since 2020) at $0.26 In the past, STORJ has the tendency for quick, strong rebounds In the shorter time frame, we can trade this channel: We can take a long-entry now, at $0.26 - $0.29, and sell at $0.447 for a Risk-Reward ratio around 5x (SL at $0.234). Other resistance levels are marked on the chart. Please be mindful that Bitcoin is testing a strong resistance at $17,500 - $18,000, so manage your risks well as most cryptos move with Bitcoin! Happy Sniping!
Long
by KryptoSnipers