Storj
STORJ Long!Storj will see massive adoption in 2018! Storj has a plain and simple "working product" unlike any other scam coins which claim to conquer the moon with their technology! you can currently store files using storj for very cheap compared to any traditional cloud storage systems. They have even partnered with Filezilla which has 15 million monthly active users! Hence strong fundamentals and great price make it a Strong BUY!
Read this! -> www.wired.com
Storj/USD Pair regression trend trading channelHere's an uptrending regression channel making waves on STORJ.
The Fibonacci retracement is showing that we still have a potential 50% in the coming fortnight, and the use of this regression channel should be able to squeeze out much more than 50% with timely trading.
This chart is based off of 2hr candles & looks back as far as early September.
STORJBTC BittrexOrder book is still sell biased, putting some downward pressure on the price which is not moving very much at the moment. However, the break up out of the bull flag, bullish RSI, MACD, and AO make me think that Storj is about to begin a bullish rally. Profit target calculated by measured distance.
Storj Time Is NowStorj coin seems to find a strong support near 5k satoshi. This support is confirmed by a 127.2% Fibonacci retracement level of the last corrective wave up.
At the same time, STORJ/BITCOIN already rejected this price in the past, while between 21st and 23rd of October a small double bottom was formed. Now as the price returned to this level, once again it is acting as a support. If the support holds it should result in a corrective move up or even a trend reversal.
Nevertheless, the minor resistance at 6.6k satoshi should be watched as a break above should provide more strength to the Strorj against Bitcoin. A daily close below the key support at 5k satoshi could invalidate bullish outlook.
SC/BTC Bigger picture -> Possible 400% profitSia just completed a full impulsive and corrective Elliot Wave. Right now with the hard fork successfully completed the momentum is on Sia's side. Around 65 sat is a brilliant time to buy in and ride the next leg up. If you plan to hold to the final wave a 400% profit is not out of the question. Stop loss at 55sat.
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!
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.
imgur.com
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)