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Storj / TetherUS

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STORJUSDT trade ideas

STORJ printing beauty on the chart, going 2$? Long term outlookWill try to keep it simple and short so let's dive into it. 1. expanding symmetrical triangle on daily 2. Possible cup and handle set up on the weekly 3. Holding on to the support line created since 14 August 2023 Growth touch a very strong resistance at the 1.0557 region which was the neckline of the HS that created the bear market and became a major supply zone (HS was confirmed 2022) So I'd be giving you 3 plays you should be looking at Play1-(80% possibility) following the current trend support and expanding symmetrical triangle which will confirm the the C and H set up on the weekly. Play2.(65% possibility) drop off the expanding the symmetrical triangle down to the major demand zone again at 0.48 -0.42 region creating a DB setup on daily still confirming the Cup and handle on the weekly this is likely if we see a flash crash or minor correction on Bitcoin. Play3.(20% probability) this is possible only if the entire crypto market goes into a major correction smashing all support to the previous August 2023 floor which is at 0.2183 area destroying every structure and building a new DB structure on the weekly the can on be created by a major crash on Bitcoin and it saying the halving has nothing to do with it rise where by creating a new market cycle, which will not be tied to halving but eeeeh not seeing this yet but I speculate that Bitcoin will come to such time in the future.what are your thoughts lemme know in the comments section any questions are welcome
Long
by Lancerlawrence
1
STORJ/USDT I BUY SETUP✔︎📈 BINANCE:STORJUSDT SIGNAL ✔︎ENTRY : 0.7084 🏓TARGETS : 🏓 TARGETS : ✔︎ T1 : 0.07552 ✔︎ T2 : 0.8020 ✔︎ T3 : 0.8599 ✔︎ T4 : 0.9535 ✘ STOP : 0.6616 🚦Stop Trigger: • If you make capital management: Stop is activated when one candle opening and closing below the stop level of the same time frame of the signal. • If you don't make capital management: Stop is direct without waiting for the candle to close. 💡Risk management : • Enter the trade with 10% to 20% of your capital to reduce risk and save cash to enter other opportunities. • Sell (25% to 50%) on (T1) and don't move your stop-loss. • Sell 50% on (T2) and move your stop loss to the entry point. • You are safe now, and the next 25% is up to you. 💡Reason for this trade: This trade gives my trading system a sign of strength: • My trading system is based on liquidity and reversal zones. • When the liquidity is swept from one side under certain conditions, we will wait for the price on the other side. The liquidity will attract the price like a magnet. • the first side that has been swept: 1- range low 2- valu are deviation • Opposite side targets: 1- range high 2- resting liqudity 💡Entry setup 1- reclaim Volume profile VAL ⚠️WARNING: • I'm not a financial advisor. • Do your own research (DYOR).
Long
by HB_Trading1
2
STORJUSDT.1DBased on the provided market data, the STORJ/USDT pair is currently trading at $0.89. The RSI (Relative Strength Index) shows readings of 58.92, 68.26, and 65.81 on the 4-hour, daily, and weekly charts respectively. These figures suggest that the asset is neither overbought nor oversold, indicating a balanced market condition. The MACD (Moving Average Convergence Divergence) values for the 4-hour, daily, and weekly charts are 0.020, 0.046, and 0.096 respectively. These positive values suggest a bullish trend. However, it is essential to watch for any signs of MACD line crossing below the signal line, which could indicate a bearish reversal. The Bollinger Bands, with values of 0.91, 0.90, and 0.91 for the 4-hour, daily, and weekly charts, suggest that the cryptocurrency is trading within a relatively normal range and isn't experiencing significant volatility. The current price of STORJ is closer to the 4-hour, daily, and weekly support levels than the resistance levels, indicating that there may be more room for the price to fall before encountering significant support. The first, second, and third support levels for the 4-hour chart are $0.87, $0.76, and $0.69. For the daily chart, they are $0.78, $0.67, and $0.61, and for the weekly chart, they are $0.66, $0.48, and $0.17. On the other hand, the resistance levels for the 4-hour, daily, and weekly charts are $0.93/$0.95/$1.050, $0.95/$1.25/$1.44, and $1.25/$1.66/$2.19 respectively. In conclusion, the STORJ/USDT pair seems to be in a balanced market condition with a slight bullish trend. However, traders should monitor the MACD for any potential bearish reversals and keep an eye on the support and resistance levels for potential price reactions. This is just an analysis based on the provided data and should not be considered as financial advice. Please do your own research before making any investment decisions.
Long
by MarsSignals
STORJ Price Spikes After Vitalik's Mention: Will It Keep Rising?Vitalik Buterin, Ethereum’s co-founder, highlighted a cryptocurrency on the Warpcast social network on March 8. As a result, this led to a notable price surge. Buterin’s influence on market dynamics is well acknowledged. This time, his latest discussion focused on DePIN projects. He explored the potential for success among these projects, which aim to reinvent longstanding ideas such as SEED_DONKEYDAN_MARKET_CAP:STORJ and decentralized alternatives to Uber. Buterin questioned the viability of these projects’ success in the current market. Following his insights, the price of SEED_DONKEYDAN_MARKET_CAP:STORJ spiked by 18%. Shortly after, it fell by 9% but is still up by 7% from its daily open on Saturday. STORJ Price Analysis From its ATH of nearly $4, the price of SEED_DONKEYDAN_MARKET_CAP:STORJ has been in a multi-year bear market, dropping to a low of $0.22 in January 2023. After some sideways movement, SEED_DONKEYDAN_MARKET_CAP:STORJ retested this level on several occasions, with its last retest in August leading in a major recovery. KEY TAKEAWAYS Vitalik Buterin mentioned STORJ, spiking its price briefly. STORJ shows potential for a larger bull cycle. Its price movement depends on breaking December highs. Vitalik Buterin, Ethereum’s co-founder, highlighted a cryptocurrency on the Warpcast social network on March 8. As a result, this to a notable price surge. Buterin’s influence on market dynamics is well acknowledged. This time, his latest discussion focused on DePIN projects. He explored the potential for success among these projects, which aim to reinvent longstanding ideas such as STORJ and decentralized alternatives to Uber. Buterin questioned the viability of these projects’ success in the current market. Following his insights, the price of STORJ spiked by 18%. Shortly after, it fell by 9% but is still up by 7% from its daily open. Was this just a temporary event or part of a larger rise? STORJ Price Analysis From its all-time high of nearly $4, the price of STORJ has been in a multi-year bear market, dropping to a low of $0.22 in January 2023. After some sideways movement, it retested this one on two more occasions, with its last retest in August resulting in a major recovery. STORJ could have started a larger bull cycle. SEED_DONKEYDAN_MARKET_CAP:STORJ climbed to $1.20 in December, which was an interaction with the larger descending resistance anchored at the all-time high. A rejection occurred, with the price decreasing to $0.50 on January 25. The uptrend from last August until December showed a typical five-wave pattern. Since it came after a period of consolidation, it could be the starting move in a larger bull cycle. This is why there is a strong chance that the rise from January’s low will lead SEED_DONKEYDAN_MARKET_CAP:STORJ to a breakout above the descending resistance and new highs. Our first target would be around $2. However, SEED_DONKEYDAN_MARKET_CAP:STORJ ’s price is currently trading at a lower price than the one in December. Therefore, we first need to see its rising above that before we can expect higher prices. Until this happens, there is an equal chance that the price will be headed below $0.50 again.
Long
by DEXWireNews
STORJ/USDT Poised for a Bullish Rally? 👀🚀STORJ Analysis💎Paradisers, let's dive into #STORJUSDT, where the latest market signals suggest a promising opportunity for a bullish turnaround from its pivotal support zone. 💎Upon examining #Storj's recent market activity, we've noticed a pronounced 60% decline from its peak. Yet, the resilience at the $0.587 support level presents potential for a rebound. 💎The task of setting new milestones or reclaiming past achievements has been daunting, fostering a short-term bearish outlook. Nevertheless, the $0.587 mark is pivotal for #STORJ, positioned to ignite a significant bullish movement upon further evaluation. 💎Prepared for various market outcomes, we've devised a Plan B. If #STORJ retreats beyond this support, we are on the lookout for a bullish resurgence from the secondary support at $0.441. It's crucial to acknowledge that a descent past this marker may indicate an extended bearish phase. 💎Ensuring adaptability in your trading approach and keenness in market observation is essential, Paradisers. Be assured, the ParadiseTeam is meticulously monitoring these trends, equipped to guide you through the shifting market dynamics.
Long
by MyCryptoParadise_Simon
Is STORJ getting ready for a pump? +55% profit from the trade.Hello everyone! I suggest considering buying the coin #STORJ. Currently, the asset is in a global resistance and support zone to which the price is reacting very well. In the local range, the breakout from this zone is at $0.7749. As seen on the chart recently, after breaking out of this range and consolidating above this level, a strong pump of the asset occurred. It can be assumed that the situation will repeat itself. Target - $1.20, +55% profit from the trade. This is not financial advice, everything you do, you do at your own risk!
Long
by neverovv
STORJ - Breakout -> Retrace -> Enter -> Pump -> Profits 🫰#STORJ/USDT Analysis Description --------------------------------------------------------------- + As evident from the chart above, Storj has recently broken out from its resistance but faced rejection at a weaker resistance level. + Consequently, the price retreated to its support zone and is currently attempting to rebound from this support. + I anticipate the continuation of the reversal, with a potential break above the previously rejected resistance and advancement towards the next resistance level. + The placement of our stop loss is further than usual to mitigate the risk of any false wicks. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.7159 Stop Loss: 0.6484 ------------------------------ Targets 1: 0.7348 Targets 2: 0.7513 Targets 3: 0.7894 Targets 4: 0.8448 ------------------------------ Timeframe: 4H Trade Type: Long Trade Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo