STORJ / USDT → Wedge breakout with trend change target

30. Juli

STORJUSDT shows positive dynamics to the change of trend and the beginning of bullrun. The coin is moving to the phase of implementation of a pattern that can change the direction of the market.

Bitcoin sets the general trend of the cryptvault market. The general fundamental background, which is formed around BTC and ETH sets positive prospects for other altcoins, which can still surprise us.
Technically, STORJ is coming out of consolidation and is essentially entering the distribution phase. A false break of the key resistance is formed, which can be broken after the next retest. High probability of a small correction before a subsequent attempt to break through this zone and enter a new range of 0.500 - 0.900.

Resistance levels: 0.4882, 0.6034
Support levels: 0.5 Fibo, 0.3530

The task of the bulls is to keep the defense above the key support, if it succeeds, the next target will be the breakout of resistance and bullrun.

Regards R. Linda!