STORJ Analysis: Short Term Target $1.02 (200% Profit Potential)

in #bitcoin7 years ago

SUMMARY

STORJ on a daily chart, has the following Elliott Labels as shown below. The circled white waves i,ii,iii,iv,v show the first impulse, the "hurry up" phase and the subsequent retracements, the "wait" phase and boy the correction was very long and meandering.

The 4 hour chart below shows that following the WXY correction, a trend change took place with another impulse of circled white waves i,ii,iii,iv,v. The first red a wave of the a,b,c should be complete and now a bounce for red b wave is expected. Once red c waves is complete, an impulse set of waves should take prices to about $1.02 or so.

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Legal Mumbo Jumbo: 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.**

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@haejin can you do a Mid/Long-term analysis for Verge/XVG, Qtum, and WhiteCoin/XWC? Do you still project XVG @ $5 after Q2 2018? (because i dont... LOL) :P

Apologies, but I need to service Upvoters first. Thanks for understanding.

No problem :)

I understand

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