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Storj

STORJ/USDT upward momentum? 👀 🚀 STORJ Today analysis💎 Paradisers, brace yourselves as STORJUSDT showcases intriguing dynamics, operating within a demand zone and hinting at the potential to challenge overhead resistance levels. 💎 A recent observation reveals its successful breakout from a descending channel, setting its course upwards. The initial expectation is for the asset to approach the supply zone at 0.4991. Should it surpass this level, the odds significantly favor a push towards the resistance at 0.6053. 💎 On the flip side, if the asset struggles to maintain its current momentum, there's a likelihood of a bullish resurgence from the .3848 level. However, a breach below this marker might steer the trajectory downwards.
Long
by MyCryptoParadise
The key is whether it can rise above 0.4878 and receive supportHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (STRJUSDT chart) If it receives support in the 0.4292-0.4878 range and rises, it is expected that a full-fledged upward trend will begin. (1W chart) However, a rapid upward trend is expected to begin when the box range of 0.6939-3.1133 is shortened and a new box range is formed. Therefore, it is expected that the price will rise above 0.4878 and shake up and down, creating a new HA-High indicator. (1D chart) If it rises above 0.4878 and becomes supported, the first support and resistance area is expected to be around 0.6571-0.7225. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
STORJ 1H Analysis with Influences from 1D Fibonacci LevelsIn the STORJ 1-hour chart, a clear bearish trend is evident. While the provided technical indicators from the 1H chart mainly signal bearish momentum, the 1D Fibonacci levels could play a pivotal role in potential bounce-backs or resistance areas. Analysis: Fibonacci Levels (from 1D): The current price of STORJ in the 1H chart is approaching the 0.5 level at 0.3669. This could act as a significant support, and if the price respects this level, we could expect some buying pressure here. Should the price continue its downward momentum, the next major support would be at the 0.618 level (0.3253). On the upside, the 0.382 level at 0.4084 might act as resistance if the price were to rebound. Stochastic Oscillator: Given its oversold position, this suggests a potential pullback or temporary reversal might be imminent, which aligns well with the approaching Fibonacci support at 0.3669. Bollinger Bands and MACD: Both indicators continue to indicate bearishness in the short term. Most Probable Scenario: The STORJ price is likely to continue its bearish trend in the short term. However, the 1D Fibonacci level at 0.3669 could act as a strong support. If the price respects this level, we might see a bounce-back or consolidation around it. If it breaks through, the next target would be the 0.618 level at 0.3253. Conversely, if a rebound happens, the 0.382 level at 0.4084 will act as a key resistance. Conclusion: While the STORJ 1H chart indicates a bearish momentum, the 1D Fibonacci levels can provide key areas of interest for potential reversals or consolidation. It's essential for traders to monitor these levels closely for any signs of price reversal or continued momentum.
by MonoCoinSignal
STORJ Double top neckline broken STORJ UPDATE: In my last update about STORJ rising wedge…. STORJ broke it down and headed for the support… As we can see that STORJ broke the 4hrs TF neckline support of the double top that was created and consolidating below it which is preparing for now downside movement to mitigate the strong support at 0.344 Good to take a short entry at CMP tor the follow Targets below 👇 0.3886 0.3689 0.3440 Manage your risk and don’t be greedy Follow for more market update or chat me up
by MICHELXM
STORJ is close to dropStorj has been stuck in a resistance zone for a long time. Now a trend line has been broken and the price hit it in the resistance zone and some new resistance zones that you can see on the chart with the names of mitigation OB and supply. In my opinion, storj can move towards two announced targets from here. I specified the invalidation level, closing 1 Daily candles above this 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
Short
by behdark
8
STORJ/USDT Ready for Potential Correction? STORJ Analysis Today💎Paradisers, focus on STORJUSDT! It's currently moving within an ascending channel, hinting at a possible correction due to the overhead supply zone. 💎In recent times, Storj has been consistently following this ascending trajectory. However, a correction seems imminent. It's worth noting that STORJ will firmly anchor to a significant support level at 0.4282. 💎Below this, there's a clear demand zone accompanied by a Bullish OB. If STORJ dips below the support, it's likely to approach the demand zone highlighted on the chart. 💎Sharpen your trading strategies for STORJ with ParadiseFamilyVIP. Delve into our expert analyses on Storj and other potential tokens, streamlining your crypto journey.
Short
by MyCryptoParadise_Simon
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. Please like, follow and comment!!
CRYPTO:STORJUSD
by TradingBrokersView
3
STORJ/USDT Crucial Zone, Break the strong resistance or Down ??💎 STORJ has certainly caught our attention. Despite its repeated attempts to breach the formidable resistance zone, STORJ has often faced setbacks, plunging sharply. However, the current chart formation appears promising, with a bullish trend evident on the hourly timeframe. This suggests that STORJ might soon overcome this persistent resistance. 💎 Yet, if STORJ faces another rejection upon encountering the robust resistance, it might retreat to its local support to gather momentum for another upward push. It's crucial for STORJ to rebound swiftly from this support. 💎 Prolonged sideways movement at this level might sap its momentum, risking a dip below the support. Should this occur, STORJ could gravitate towards the demand zone between $0.315 and $0.336, a region with substantial strength to support the asset. 💎 However, if even this demand zone fails to hold back the sellers, STORJ might plummet to a more robust support level or even further.
by MyCryptoParadise_Nathan
5
Will STORJ remain bullish?STORJ has been bullish for several days. It has hit an important node, which is the origin of the downward movement. It has a high chance of downward rejection. I am looking for SELL/SHORT positions in the lower red box. A daily candle close above 0.4444 will violate this 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
by behdark
The key is whether it can be supported above 0.3799Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (STORJUSDT chart) (1M charts) The key is whether the price can be maintained by rising above 0.4292. (1W chart) The key is whether it can receive support around 0.3457 and rise. When rising 1st: 0.4420 2nd: 0.8409 We need to check whether we can receive support around the first and second rounds above and continue the upward trend. (1D chart) The 0.3799 point is an important volume profile section. Therefore, the key is whether the price can be maintained by rising above 0.3799. To do this, we need to make sure that the price can be maintained above the HA-High indicator. Currently, the HA-High indicator is formed at 0.3301 and is showing signs of forming at 0.3382. Accordingly, it is necessary to maintain the price around 0.3301-0.3382 or higher and then check if it rises above 0.3799. Since there are no strong support or resistance points above 0.3799, caution is required as rapid movements can occur in an instant. If you respond by selling in short installments, you are expected to get good results. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
1