STORJETH Bittrex 10Sep2017 – falling wedge (?)– close to support

10 thg 9, 2017

With looking at 4H STORJETH chart there looks to be a falling wedge pattern and STORJ is now very close to a support level around 0.0016. If price breaks down next potential level at 0.00125. However if price breaks upper line of the wedge – RSI and MACD + 1 candle confirms – we may have a buying opportunity and take profits at following levels – 0.0032 fibonacci 0.618 of previous uptrend; 0.0045-0.0049 zone fibonacci 0.382 and slightly above of previous uptrend; 0.0065 or keep for longer for new ATH. Swing trade at these resistance levels may be worth wile to accumulate STORJ tokens.
What do you think? Please note – these are my personal plans and thoughts only and so please trade carefully!

12 thg 9, 2017

Ghi chú

STORJ broke falling wedge. waiting to buy at the bottom. In addition if you check on a shorter timeframe a channel can be identified and this has not been broken yet. I am still waiting a bit to buy in.

13 thg 9, 2017

Ghi chú

Broke wedge but still within a channel. Waiting for more confirmation to buy in - possible downward movement prior.

15 thg 9, 2017

Ghi chú

In the channel, testing support. RSI shows bullish divergence. Still waiting. Next support at around 0.00125 level.

15 thg 9, 2017

Ghi chú

Breaking support at 0.0016 level.

23 thg 9, 2017

Ghi chú

tradingview.com/chart/BbFyZyWK/

23 thg 9, 2017

Ghi chú

STORJ may be close to breakout. MA10 is close to MA60. There is a pennant pattern with higher lows and lower highs showing consolidation. If price stays within the pattern, STOCH RSI reverses we may say an upward movement, breakout and trend reversal.