Cryptocurrencies

STORJ: Good looking and better project

A few days ago one friend of mine, @beiker, told me about the benefits of this project of Decentralized Cloud storage, similar but IMO looking more efficient than Siacoin, which put me behind the track of this crypto which looks to have  an amazing and particular Set-up pattern for this crypto to explode upwards.

STORJ reached the lowest point by mid December, losing more than 95 % from its highest price. It was able to touch the 3 USD on early 2018 which was outstanding for a young project.


Besides the Golden-cross signal confirmed by the end of March, what attracted more to me was that impressive  BULL Flag formation on the right side of the chart.

STORJ is right now struggling with a major resistance, which has been tested at least three times during the past 3 weeks and, to me , everything seems to indicate that a price action acceleration is coming in short time in order to breaking it.

Additionally, if that breakage occurs, the pattern here is a perfect Inverted Head and Shoulders:

This pattern projects a target price of 0.64 USD from the current 0.32, 100% profit in not so long time.

…and, if you zoom-out a little bit more the daily chart you would see a deep Basin being replenishing.

STORJ network launching is planned the Fall of this year, so, would it be today a good moment for investing on it?

If you are looking for fundamentals and good looking TA setup, undoubtedly, STORJ is one of the projects to take into account.

Enjoy!

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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