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Storj / TetherUS

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STORJUSDT trade ideas

3 Black Crow on STORJUSDT## Use: Bearish Candlestick pattern: May predict reversal of uptrend. ## Identification 1. Open: 2nd and 3rd candle patter should open in/ near the previous candles real body. 2. Close: 2nd and 3rd candlestick pattern should close lower than the previous. 3. Three candle sticks close near / at the lower. 4. Condition: Either top of an uptrend or rally. ## Market Psycology 1. In a typical appearance of three black crows, the bulls will start the session with the price opening modestly higher than the previous close, but the price is pushed lower throughout the session. In the end, the price will close near the session low under pressure from the bears. ## Risks 1. The size of the three black crows candles and the shadow can be used to judge whether the reversal is at risk of a retracement. 2. Pattern completes only after closing of 3rd candle. So, market might have corrected substentially and may even reverse and go in uptrend direction. The three black crows pattern and the confidence a trader can put into it depends a lot on how well-formed the pattern appears. The three black crows should ideally be relatively long-bodied bearish candlesticks that close at or near the low price for the period. In other words, the candlesticks should have long, real bodies and short, or nonexistent, shadows. If the shadows are stretching out, then it may simply indicate a minor shift in momentum between the bulls and bears before the uptrend reasserts itself. Ref: (www.investopedia.com) ## Additional Confirmation RSI , <30 ( oversold ) Support & Resistance regions.
by rockeyrockssandeep1994
1
Storj High Volume Breakout (100% to 235% Mapped)We have the same bullish divergence we looked at on the BATUSDT trading pair. Storj vs Tether (STORJUSDT) just printed a very strong bounce at support on really high volume. This is the highest daily volume since around November 2021. All trading above $0.3200 and we are strongly bullish. If prices move and close below this level, the short-term bullish potential we are pointing out is lost. We have first a 100% target followed by a 235% one. Additional details on the chart. Namaste.
Long
by MasterAnanda
2