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Storj

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
Storj price pumping. What next ?Over the past two weeks, the price of STORJUSDT has increased by +180%. Why they decided to pump this particular coin is a mystery to us, it's just an old, unremarkable project. But if you know something more, please write about it in the comments. But there is one regularity: a year ago, in mid-June, there was a similar STORJ pump, followed by a long price drop with a new low. We believe that this year's STORJ price will not update its low more. However, the chance to participate in the pumping and make money on it has already been missed, as the price has been pushed too high without a thorough good correction. The probability that STORJUSDT may face a protracted and exhausting correction with a final target of $0.275-0.32 is quite high, this is -40%. And then everyone decides for themselves what to do with the information we have shared) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
14
STORJUSDTHello friends. I hope you all made a profit from this scary Bitcoin candle. In this post, we will review the BINANCE:STORJUSDT . The conditions of this currency are as follows: We had a big sharp move that led to a 185% increase in price. But since then, the price has been falling without a retracement to this day. This is a sensitive and important point for this currency. Why? Because in this range we have a strong weekly support area with high density, and this point is also the location of the 0.786 Fibonacci line, which can really be a good support. I myself bought at 0.295 and consider the Fibonacci upper lines as my target. Good luck and profit! ⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
Long
by Madoir
📉 Major Falling Wedge Setup on $STORJ 🚀Hello, fellow traders! Today, I've identified a significant trading opportunity on $STORJ with a major falling wedge pattern. Let's take a closer look: 📈 Technical Analysis: $STORJ has been forming a well-defined falling wedge pattern, indicating a potential reversal in the current downtrend. Falling wedges are bullish chart patterns that often precede a breakout to the upside, making this setup particularly intriguing. 📉 Wedge Structure: The falling wedge is characterized by a series of lower highs and lower lows, converging towards a point. This tightening price range suggests diminishing selling pressure and a possible shift in market sentiment. Keep an eye on the wedge's boundaries for potential breakouts. 🔍 Key Levels to Monitor: Resistance: Watch the upper boundary of the falling wedge as a crucial level that needs to be breached for a bullish breakout. Support: Monitor the lower boundary of the wedge, which acts as a key support level. 📢 Potential Breakout: A decisive breakout above the wedge's resistance, accompanied by a surge in trading volume, could signal a bullish move. This breakout might lead to a reversal in the downtrend and potentially provide an opportunity for profits. 💡 Trading Strategy: Consider initiating a long position on a confirmed breakout above the wedge's resistance level. It's essential to manage risk by setting a stop-loss order below the support level. Keep an eye on the overall market conditions and ensure proper risk management before entering any trades. Please conduct your own analysis and exercise caution while trading. 📢 Disclaimer: This post is for educational purposes only and should not be construed as financial advice. Let's stay tuned and follow the action on $STORJ! Share your thoughts and join the discussion below. #TradingView #FallingWedgeSetup #STORJ #Cryptocurrency #TechnicalAnalysis #BullishReversal #BreakoutPattern
CRYPTO:STORJUSDLong
by STP_MrNodeItAll
STORJUSDTHello Crypto Lovers, This is a 1D frame analysis for STORJUSDT After breaking the white resistance line, the price was able to experience a good rise. Currently, the price is in a resistance area and a supply area, and there is a possibility of price correction to our first support area and then bouncing back to its own breakdown point. If the daily candle cannot establish above the resistance line, the possibility of price correction towards our support line will be stronger. However, if it can establish above the resistance line, it can touch higher numbers. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
4