STORJ Long and short term

23 nov. 2017

Storj has seen a major pump in the beginning, followed by a very long and complete retracement and seems to have found a bottom. Volume is also picking up again(left graph). Now a small upwards channel is forming (upper right) and we might see one more spike towards the upper trendline. It already retraced enough after the last small pump (lower right), but could still go down towards the lower trendline because the previous spikes showed a very deep retracement. At that point it might be interesting to watch price action for a potential entry. Stoploss would be little below the yellow trendline and target would be the top trendline (nr 5).

25 nov. 2017

Note

Touched the targetbox again, but did not hit any of my orders. Hopefully it will retrace a bit more and my orders will be hit.