Storj (STORJ) to $2. Soonish

So much going on in the above daily chart, multiple reasons to be bullish.

1) There was a ‘incredible buy’ signal, just did not get around to sharing. See 2-day chart below.

2) Price action has broken out from long term resistance since November 2021 as shown by the black arrow, do you see it?

3) Most recently price action has broken out from a bull flag formation during a month long consolidation period.

4) The Bull flag ‘flagpole’ extension measures a target to around $2, that’s almost 200% from current levels.

5) Price action consolidates on the golden ratio.

6) The Fibonacci golden ratio extension (1.618) measures out to the same target!

Is it possible price action falls further? Sure.

Is it probable? No

Ww

Type: trade
Risk: 6% of portfolio
Timeframe: no idea
Return: 200%


2-day chart

Kommentar:

breakout occurs before August 20th

Trade ist aktiv:

Target revised to 1.70.