Storjcoin has broken the wedge pattern in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Storjcoin began a five wave advance on January 4 in the four-hour chart. The wave one (sub-waves i-v) ended on January 12, and the wave two (sub-waves abc) finished on January 18. I believe Storjcoin is currently in the wave three.
(Chart courtesy of Tradingview.com)
In the weekly chart, Storjcoin started a five wave advance in November 2015. The wave five finished in September 2016, and the three wave correction ended on January 4. If this wave count is correct, Storjcoin should be heading next towards the September 2016 peak.
(Chart courtesy of Tradingview.com)
In the monthly chart, I believe Storjcoin is currently in the wave three (sub-wave iii). The wave one ended in December 2014, and the wave two correction finished in November 2015.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Storjcoin.
If you think this analysis is correct, upvote this post and upvote the comment "Storjcoin will takeout the November 3, 2016 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Storjcoin will drop below the January 4 low".
If you think Storjcoin is in a range, upvote this post and upvote the comment "Storjcoin will stay in a trading range between the January 4 low and the November 3, 2016 peak until February 17".
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