Storj / Usdt BINANCE:STORJUSDT
🚀 Storj Update! 🚀
Currently, Storj is priced at $0.5995 and has successfully broken through its resistance level, which has now turned into a support area at $0.5734. If the price holds above this support, we could see the next resistance at $0.7000.
However, if the price fails to maintain the current level, the next support zones to watch will be $0.4920 and $0.4400.
As always, remember: this is not financial advice! Stay informed and trade wisely!
STORJUSDT
#STORJ/USDT#STORJ
The price is moving in a descending channel on the 4-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 0.3600
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.3940
First target 0.4390
Second target 0.4720
Third target 0.5092
STORJ ANALYSIS (4H)Storj seems to have entered a diametric recently.
We now seem to be in wave F of this diametric.
We are looking for buy/long positions in the green range.
The targets are inserted on the image.
Closing a daily candle below the invalidation level will violate the analysis.
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
STORJ/USDT Breakout Alert: Ready for a Major Move!Hey everyone!
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STORJ is looking strong here! It has just broken out of a descending triangle on the 2-day time frame and is showing great potential for an ATH (All-Time High). This could be the perfect opportunity to buy and accumulate on dips for big gains.
Entry range: CMP and accumulate up to $0.42
Targets: 150% - 200% upside 📈
Stop Loss (SL): $0.33
What do you think of STORJ's current price action? Are you seeing a bullish setup? Share your thoughts and analysis in the comments below!
STORJ TO GO 2X FROM HERE!With the recent growth in the price of SEED_DONKEYDAN_MARKET_CAP:STORJ coin, and having bullish environment it could be predicted that price is really handsome for coming days, aiming 0.55 as the first target. And if the bullish momentum continues we will see price surging towards 0.72, 0.99 and 1.11 level in coming weeks.
However always be prepared foe small fluctuations in between.
StorJ USDT Spot Trade 15% potentialSTORJ/USDT is showing signs of a potential breakout with a 15% pump expected. The current price action is approaching a key resistance level, and if broken with strong volume, it could trigger a short-term rally. Keep an eye on technical indicators like RSI and moving averages for confirmation of the momentum shift. 📈 #STORJ #Crypto #Breakout
Short position on STORJUSDT / Trading SetupBINANCE:STORJUSDT
COINBASE:STORJUSD
Mid-risk status: 4x-5x Leverage
Low-risk status: 2x-3x Leverage
⚡️TP:
0.3906
0.3870
0.3840
0.3805
0.3710
0.36
0.356
0.35
0.3445(In Optimistic Scenario)
➡️SL:
0.429
0.45
The Alternate scenario:
If the price stabilize above the trigger zone, and stabilize above resistance line, the setup will be cancelled.
STORJUSDT(Storj) Daily tf Range Updated till 06-08-24STORJUSDT(Storj) Daily timeframe range. the entire market is having trouble now. it tried to break its local low 0.2905 but retraced back.
close to its recent resistance 0.4303. 0.2905 was a good entry made some profit their. but visiting again their will add more risk.
STORJ analysis (12H)From where we put the red arrow on the chart, STORJ correction has started.
It looks like our pattern is a diametric.
The red area is where we look for sell/short positions.
The target can be the green box.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
STORJ USDTSTORJ Daily Time Frame
Storj is trading in a descending channel for approximately 228 days indicating a downtrend. The price has encountered significant resistance zones, currently trading near a key support zone (Yellow) between $0.3100 and $0.3269.
Observing the candlesticks, there are significant drops followed by consolidation phases. The recent candles show a sharp decline into the support zone (Yellow), suggesting a bearish momentum. This could potentially lead to either a stabilization and sideways movement within the support zone or further decline if the support fails.
If this support holds, there might be potential for a price to bounce back; however, a break below could signal further declines. The resistance zone (Green), positioned at $0.5750-$0.6082 and the next resistance zone (Blue) at$0.9072-$0.9494, are critical levels where the price could face sell-offs.
Traders should be vigilant, considering positions based on the support's reaction and entering a buy if it holds, targeting the nearest resistance zone. Always consider risk management strategies, especially with the current market volatility, and set stop-loss orders to protect against unforeseen price movements
STORJUSDT Is This the Start of a Major Bullish Reversal?Yello, Paradisers! Are you ready to dive into the latest #STORJUSDT analysis? Let's uncover if STORJ is about to make a massive move!
💎#STORJ has successfully broken out of a falling wedge formation, signaling a bullish momentum shift. The price has already retested the support, indicating a high probability of continuing upward towards our first target at the strong resistance area, which also aligns with the Fair Value Gap (FVG) zone.
💎Upon reaching the first target, STORJ may face a hard rejection, leading to a test of the nearby support. A breakout above this strong resistance will be crucial, potentially pushing the price significantly higher as the trend switches back to bullish momentum, aiming for our final target at the Bearish Order Block (OB).
💎If STORJ fails to rebound while testing the support trendline, the price could revisit the strong demand area. This revisit could trigger another significant bullish momentum, possibly leading to a substantial price reversal.
💎STORJ has shown resilience in the strong demand zone, rebounding upward the last time it hit this area. A bounce here upon revisit is crucial. If the bullish invalidation occurs, the highest probability is for the price to continue downward and dip further.
Stay disciplined, stay focused, and let’s navigate these exciting market movements together!
MyCryptoParadise
iFeel the success🌴
STORJ: Resistance and Potential Bearish SignalsThe market sentiment for STORJ is currently showing signs of a potential pullback. Recent technical indicators suggest that while there has been a bullish move, caution is warranted due to potential bearish signals.
Key Factors Influencing STORJ Price
1. Technical Indicators and Their Implications:
The MACD is about to go bearish, indicating a potential shift in momentum from bullish to bearish.
With %K at 53.87 and %D at 62.55, the Stochastic Oscillator suggests a neutral stance but with a slight tendency towards overbought conditions.
The RSI is at 56.44, suggesting that while STORJ is not overbought, it is nearing higher levels, indicating potential for a reversal or consolidation.
2. Price Trends and Resistance Levels:
Found at $0.5289, this is a key level to watch for a potential breakout.
Dynamic Resistance: Provides additional resistance, currently aligned with the upper Bollinger Band at $0.5418.
Found at $0.4437, which could act as a strong support level in case of a pullback.
Lower support level at $0.3455, indicating strong buying interest if prices dip significantly.
Provides a general bullish support trend, suggesting that even if prices dip, there’s strong underlying support.
Potential Market Scenarios
Bullish Scenario:
A break above the local resistance at $0.5289 could lead to further upward movement, potentially targeting the dynamic resistance at $0.5418 and beyond.
Bearish Scenario:
If STORJ fails to break above the local resistance, it could retest the support levels at $0.4437 and $0.3455. A break below $0.4437 could signal further declines, with $0.3455 acting as a stronger support level.
Conclusion and Market Outlook
STORJ is currently positioned with significant support and resistance levels to watch. The MACD showing signs of a bearish crossover and overall market activity suggest caution. Monitoring the key resistance levels and potential pullback points is crucial for making informed trading decisions.
STORJ analysisSTORJ has a bearish structure.
STORJ is constantly creating bearish BOS after its bearish CH
It seems that the drop will continue until the demand range.
We will look for buy/long positions on the specified demand
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Drop to the mentioned supportThe trend is bullish in the 30-minute timeframe, but overall we are ranging. There is an ascending trendline that STORJ has been moving along, and it has recently broken this trendline. Below this trendline, there is a strong support zone, which we can expect to see significant reactions from. The scenario suggests a pullback to the trendline and then a drop to the mentioned support, from where we can look for upward movement.
#STORJThe Storj currency has moved a full upward cycle, which is currently in the correction cycle of wave 2. This cycle can appear as a three-wave and prepare for an upward movement in the form of wave 3 or C in the specified range after the end of leg C. Therefore, for those who want to enter this currency in the weekly time, the correction of this currency has not been completed yet. Therefore, the possible movement of this currency can be according to the figure that I will update this post in the future after completing the corrective leg.
STORJ Price RollercoasterThe price of STORJ has been on a wild ride in recent days. After reaching a high of $0.80 , the token experienced a significant plunge, dropping a staggering 50% to $0.40
Currently, STORJUSDT is trading at around $0.53 , indicating a slight recovery from its lows. This tentative upswing comes after the price found support at $0.47 . However, the market remains volatile, and analysts are closely watching for signs of a broader bullish trend.
If the support level of $0.47 breaks, STORJ could experience a further pullback, potentially dropping down to $0.32 .
STORJ ANALYSISThe STORJ correction has started from where I entered "start" on the chart.
It appears to be forming a triangle or more complex pattern.
Now it seems to be at the end of wave C.
The long shadow range (which I marked with LSH) is a support.
A reversal is expected from the LSH range to the red box and then move to the lower box.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#STORJ/USDT#STORJ
The price is moving in an upward channel on a 12-hour frame and we have a support area in green at the level of the lower border of the channel at the price of 0.6200.
We have a trend to rise above the Moving Average 100 after breaking it down
The RSI indicator has a downtrend that is expected to be retested
Entry price is 0.6888
The first target is 0.7788
The second target is 0.8669
The third goal is 0.9858