STORJ - Trying to Take off it Looks Like?STORJ is looking rather excitable at the moment.
RSI is just leaving oversold with a lovely amount of potential headroom.
MACD just fought off a bear cross AGGRESSIVELY.
EMA 100 is the current battleground, Conquering this and holding it will be a massive buy signal.
Volume is relatively low still but steadily increasing. Big spike in sell volume is off the rejection from heavy upper resistance and I believe should be taken more as "market noise".
EMA 100 will decide our direction here. The last conquer of EMA 100 gave us a very nice boost upwards.
Targets are marked. This isn't financial advice.
Storj
STORJUSDT: Possible Long (18.11.2020)On D1, the price has broken the downtrend line and reached the resistance at $ 0.4.
On H4, the price has formed an upward impulse pattern, which may turn out to be part of a large zigzag pattern.
At the current moment, the price is decreasing in the expected correction for the local upward impulse. RSI is slowly declining towards the oversold level.
We recommend buying STORJ from the $ 0.3 level, as well as when the RSI reaches the oversold level on H4.
The target level for profit-taking is $ 0.55.
Storj (STORJ) - October 10Hello?
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You'll have to climb over 0.7180 points to see if you can complete the massive floor segment.
It has risen above the 0.3843 point and the low bottom section is completed.
If it falls, we need to see if we can gain support and rise at 0.5038.
If it falls from the uptrend line (1), it is a short-term stop loss.
If you fall from the uptrend line (2), I think you need to trade to preserve profit and loss.
(1W chart)
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Storj/btc test key support 3rd timeStorj/btc test key support for 3rd time
And show binpar candels formation this is bullish signs
Along with alts season next wave soon
Storj can do amazing job
The key support level is around 2950-2750
Bulls now try to save this area
Good luck
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STORJ.USDT (Y20.P4.E2.v2).Macro.Inverse HS
Hi All,
*** This is another continuation post (v2) from the previous one, as per my posting methodology where I like to link the trading story where its applicable ***
Link supplied below:
MY THOUGHTS:
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Keeping this one short as the previous post explained the observations and business case.
Basically an inverse Head and Shoulders structure in my opinion, a reversal structure.
The target is based on this which equates to a double top, strong resistance.
In the shorter time frame, we have a pullback to potential 2 levels, as per chart.
What are your thoughts, bullish on LINK?
Please give me a tick or like for this post.
Regards,
S.SAri
My targets for the pullback.z.chart.
I placed a range because its difficult to decipher between the 0.5 and 0.618 fib micro level.
Still looking bullish after today's market dumpThe current situation:
1. Price action had previously broken out of the bigger falling wedge, with a measured target of about 0.76 USD. Currently, it is apparently still ranging in a symmetrical triangle pattern with a measured target of 0.6 USD, while not being affected by the bearish action in the market today. Please note that the measured target may or may not be reached.
2. The last high it made at about 0.76 USD has created a very high RSI reading on all major timeframes. So if the price action reaches another high of 0.76 or above, it can mark bearish divergence unless the RSI reading will be higher on these timeframes. And if the bearish divergences play out, that can signal a pullback.
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
Bullish signs but pull back expected at THESE levelsThe current situation:
1. Price action previously broke out of the falling wedge pattern with a measured target of about 0.77 USD. Currently, it is apparently ranging in a symmetrical triangle pattern between the breakout point and the measured target while being above all moving averages on major timeframes, which is a bullish signal.
2. Possible bearish divergence can occur on the 4 and 6HR chart when price action reaches or beats the last high within the symmetrical triangle at about 0.52 USD without making a higher high on the RSI, which can signal a pullback.
Possible bearish divergence can also occur on all major timeframes if price action reaches or beats the last high from the falling wedge at about 0.745 USD without making a higher high on the RSI, which can also signal a pullback.
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
STORJ.USDT (Y20.P4.E2).Macro.Looking for an entry.Hi All,
Keeping this short as its only the planning phase:
Storj did a nice reversal which was a beautiful clear setup which I missed out on, did not review the chart (bottom pattern was a reversal especially at the right fib level.) Chart below.
With a strong bounce with 4 impulses, one would think this is the top on this impulse so I'm looking for a pullback before taking the trade, as its likely to continue the uptrend in the micro level.
As the chart suggests, we can possibly have an inverted Head and Shoulder formation in the making.
Storj can still go higher so don't fomo in, look for that pullback.
On the daily chart, phoeix showing downward pressure with a current undecided candle. After 1 day, the next candle will give us the clue.
Observe the bottom formation:
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Please give me a like or tick for this post,
Regards,
S.SAri.
(ref. D.charts)
The other possibility, which I find more unlikely is a flat neckline for the inverse H & S
PREVIOUS POST was with BTC pairing
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