STORJUSD trade ideas
STORJ minimum 100% Gain Is it possible?We are clearly in the ALTCOIN season and appears many of these tokens want to stretch their legs a bit. I am clocking STORJ to make (at a minimum) a 100-110% gain. 2 supporting Harmonics - there may be some minor pullbacks, but I don't see anything major here. Looks like a cool easy 100% (at minimum)- this could go (and I figure it to go) much higher. There is much more analysis behind this, but to keep from cluttering the chart, this is basic information on the move.
Looks Interesting HereTraders,
Though the alts are waiting on Ethereum for confirmation of further price direction, Storj looks like it's found its support and local low here. It's been in this accumulation phase/channel since April and both the RSI and AO are suggesting is is time to run. Also, after breaking the upside of that huge bullish triangle, we have already gotten the retest out of the way. I don't know where it goes from here but I can imaging doubling would not be out of the question.
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Long StorjI like Storj here at .80. Final target will be that BLUE trendline overhead. SL around .69 for a 3-to-1 rrr.
With good volume on the underside and that bullish candle on the daily, I think Storj is in good position to fly. Alts are popping one by one and I think Storj has another turn coming up. The only downside here is that RSI. But lately, it doesn't seem like anything is paying attention to that.
Storj went down but fundamentals didn't changeAfter making high gains in november and december 2023, Storj has been falling to lower levels because of profit taking. Profit taking is a healthy, natural reason to lower the value of any asset, but the fundamentals are unchanged. So there is still a higher price to be expected. First target is usd 1.22, its high from end of 2023. That means it doubles the price of today. This might happen already in april / may 2024. Nothing is certain though in Cryptoland. I guess you know that by now.
Looking at the chart it will retrace the value above the us dollar in a parabolic way. Now is the time to invest some money in this prject by buying its coin. Though, for a better, say lower entry price, you might want to wait a couple of days or even 2 more weeks.
Just watch the price movement, and in the meantime, DYOR and watch their website, or use their platform when you have some unused storing capacity on your PC. In that way yu will learn about this project ans see if you consider it user friendly and usuable too.
STORJ in Bull mode STORJ is in Bull mode, waiting for the white candlesticks to appear. Volume OBs are set in the right locations where smart money entices traders. Crypto is on pause. Enough liquidity was collected over the weekend and it's time for a sweep.
PIVOT POINTS; STORJ will move accordingly. Demand is set. Buy Low.
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.
Trade Alerts - Sold 50% Arb - Long StorjJust as I wished for yesterday, Santa came through and freed up a little extra cash for me by pumping ARB today. I was able to step 50% of my original entry out for around %18 gain. I have moved that SL up to $1.05 and will let the rest ride to final target or stop out. Either way, I will be all well in the profit on that trade.
Entry for Storj was .715 cents.
Targets are .98 and 1.37
SL is .585 with a rrr of 5/1!
Not fin advice.
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
STORJUSD Golden Cross formed but 1 year Resistance looms.STORJUSD is on a Channel Up approaching Resistance Zone (1).
There is high symmetry on the crypto's legs as this rise is coming off a Support Zone (2) hold.
The Golden Cross (1d) that has just been formed is technically bullish but needs a crossing over Resistance Zone (1).
Trading Plan:
1. Buy if, after a (1d) candle closes above Resistance Zone (1), the price pulls back near the MA50 (1d).
2. Sell if, after the price hits Resistance Zone (1) and fails to break higher, closes a (1d) candle under the MA50 (1d).
Targets:
1. 0.7700 (Resistance 2).
2. 0.3000 (Support 1)
Tips:
1. The RSI (1d) is on the same Channel Down as Jan-Feb 2023, which was when the price was in an identical Channel Up as now. Favors shorting.
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