STORJ.USDT (Y20.P4.E2).Macro.Looking for an entry.

1. Okt. 2020

Hi All,

Keeping this short as its only the planning phase:

Storj did a nice reversal which was a beautiful clear setup which I missed out on, did not review the chart (bottom pattern was a reversal especially at the right fib level.) Chart below.
With a strong bounce with 4 impulses, one would think this is the top on this impulse so I'm looking for a pullback before taking the trade, as its likely to continue the uptrend in the micro level.
As the chart suggests, we can possibly have an inverted Head and Shoulder formation in the making.
Storj can still go higher so don't fomo in, look for that pullback.


On the daily chart, phoeix showing downward pressure with a current undecided candle. After 1 day, the next candle will give us the clue.


Observe the bottom formation:
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Please give me a like or tick for this post,


Regards,
S.SAri.
(ref. D.charts)

The other possibility, which I find more unlikely is a flat neckline for the inverse H & S




PREVIOUS POST was with BTC pairing
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2. Okt. 2020

Anmerkung

Looking like a nice entry spot.

10. Okt. 2020

Anmerkung

11. Okt. 2020

Trade geschlossen: Ziel wurde erreicht

Successful call where the reversal formation to place as per post and confirmed via the breakout neckline.
This is the followup post to this