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STORJBTC

STORJ/BTC 1H Kumo TwistThe previously thick cloud, recent kumo twist, and bullish tenken are suggesting a possible bull run here through the cloud. The long flat line at the top of the cloud serves as a good indicator of resistance and a decent target for a short term trade. This target also lines up perfectly with the 0.5 fib if you retrace from the ATH to the local low. The ATH would be the longer and riskier target here but would probably warrant more bullish signals from the 4h chart. Trade is invalidated if price falls outside of cloud.
Long
by dukeofdolma
[TRADE IDEA - FORECAST] STORJBTCIt's a brand new coin and there's not much intel so we can make a better-educated guess so let's see what we have. First, let's keep with the basics: Look at this last rally up, we all know: everything that goes up too fast tends to readjust, so waiting could be your friend to avoid a massive dump. Second it's very close to the "oldest" resistance level which is reinforced by the fibonacci level at 0.000108, so the downside is huge. Even though the volume is increasing, this is expected in such a new coin, so I would not count this as such a positive indicator. The rest of indicators show a very overbought position plus sellers are passing buyers, so it's very likely to a readjustment. A safe approach would be waiting a couple hours and see if it will readjust close to the up trend support(green arrow) so a good buy level with a smaller down side would be around: .000095-.0001 and watch close to the .000108 resistance level. Or in case of breakout which is possible despite the indicators(it's a "new coin" so usually TA is not very reliable in this case) a safe abroach would be buying above the highest candle that closes COMPLETELY above the .000108 resistance level. I like to measure with 1h candles to be safe, you can use smaller time frames if you feel comfortable - the longer the safer. In case of breakout sell target would be around: .00014, if it fails to get there get out quickly profitable, better a small smile than a big tear. Good trading,
by spectertrading
3
STORJFirst time publishing a chart. Just completed a 'bearish' elliott wave cycle. Broke through support line (5) and now trying to reverse (symmetrical triangle). Good buy because lower than previous support at 10k. Strong buy walls at 7600 and 7560. Uptrend Confirmations Now found support on the 50MA (cyan line). Uptrend confirm once 50MA clearly curve up. MACD on the 1h indicating an uptrend. If crossed downwards, expect it to ride alone the support line for the short term. MACD on the 4h indicates an uptrend is in progress. Clear liftoff from support line and heading towards resistance line (yellow arrows) Volume rise Downtrend Continuation Fail to bounce off 50MA line on most charts Break through below triangle below 7150 (red arrow) Keep in mind BTC movement. Keep in mind, we are still in a bearish market!! :D Mid/long term target - 9k/10k/11k Stop-loss - 7k Good luck!
Long
by isaaczcrypto