Storj
STORJ going for its final legSTORJ has broken out of its downchannel a month or so ago and made two nice waves with deep retracements each time. It might bounce up and down the trendline for a bit more time, but at this point STORJ is already oversold on the 4h and daily charts, so one of these days we could expect a good move upwards towards the upper trendline.
Entry at this point and a stoploss a bit below the blue box would be a nice setup.
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.
STORJ / BTC - BUY - Potential is real ....STORJ to me is a good-to-invest coin/share that has just the right-simple-business-idea that would work (like Google Drive or Dropbox, etc. you know what I mean)...
However, it is in a crypto market that highly speculative. With that in mind, we need to pick the right time to enter the market. So, I believe, NOW is the time!
Here are the reasons:
1. The position:
It is now sitting at the bottom of a long, consistent channel that worked many times. It is heading upward so now till when it will EXPLODE is only a matter of time. To me, the earlier you get in now the better. You can hold as long as you like but if not, you can wait till it gets to the top of the channel and dump, and hope you make some quick bucks! Either way, you have my blessing!! <3
2. The momentum:
Just right now, as I am writing this post, the momentum is picking up. More and more people are on the buy side and if you can see it is "all" view not just 25%.
i.imgur.com
3. The big picture:
As I said, you can look at it from all angle and this is a sweet BUY!
Technically speaking: it is at a bottom of the bullish channel.
Crypto-technically speaking: a coin that is now ranking at 80 on coinmarketcap.com with that price vs circulating supply vs market cap is extremely rare at this stage. One possible contender would be ASCH but it doesn't have other positive facts as I stated above. Also STORJ is listed on BITTREX which I would consider much safer in the long run. The only lacking now is a really big whale to come in and pump it up to start a whole new mega-bullish-trend.
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MY PERSONAL BUY RATING: 9/10
PS: I wouldn't suggest something that I wouldn't trade myself so you can see the yellow line in the chart is my point of entry. Good luck everyone! <3
Storj getting of the bottomFibbonaci looks OK.
(Stoch) RSI also.
Volumes are slowly rising again.
It's time for smaller alts to rise.
(check Related Ideas)
BUY SIGNAL FOR STORJ (STORJUSD)After its raise last night (from 0,65$ to 0.98$), I'm pretty confident STORJ is going to grow in the short term, probably in the 1$ area soon. The idea of this project is pretty cool, and it could become one of the main competitor of Dropbox and any other cloud service out there in the cryptocurrency world (if not surpassing them) since its really low prices. Let me know what you think!
[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,
Sia BUY OpportunitySia is currently currently in a falling wedge and looks extremely oversold on the daily chart. RSI hovering around 20, MACD flat. With a big new release expected in November and as bitcoin's price retracement looks more and more likely I believe Sia to be one of the better buys you can make right now. Target entry is around 55sat if falling wedge is broken, first target 200sat, final target between 400 and 500 sat.
Thanks for reading, make sure you give this analysis a thumbs up if it you liked it and, as always, make sure you do your own research!