STORJ Target $6.65 (172% Profit Potential!!)
STORJ is very exciting as its currently in the process of the handle formation of the Cup & Handle pattern. The fact that it has not one but TWO cup & Handle pattern as fractals is a twofer for the bull run to come! Target is $6.65 as shown by the Elliott Waves and that represents 172% profit potential!
When the Storj/BTC pair reflects a similar pattern, then sentiment is aligned and ready to execute. What you should notice is that the STORJ/BTC pair is lagging the STORJ/USD pair and this is quite common because the /BTC pairs have two variables to overcome so as to rise in price. The first is the rate of rise of BTC itself and the second is that the rate of demand for STORJ must be higher than the rate of rise for BTC. These often cause the /BTC pairs to lag. But no matter, I'm targeting 0.001632 BTC for the initial run out of the second Cup & Handle pattern!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**