Storjcoin has broken out of the daily wedge pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Storjcoin has completed one cycle from the November 2015 lows. The wave one finished in the late November 2015, and the wave two correction ended in the December 2015. The wave three advance finished in the February 2016, and the wave four correction ended in May. The wave five advance finished on the September 15, and the abc -correction ended on the October 2. If this wave count is correct Storjcoin should be heading next towards the September 15 peak.
(Chart courtesy of Tradingview.com)
Zooming out in the weekly chart, Storjcoin is currently most likely in the wave five. The wave one started in the August 2014, and finished in the December 2014. The wave two correction ended in the November 2015, and the wave three advance finished on the September 15. The wave four correction ended on the October 2.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Storjcoin.
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