Crypto Contest November 2: Storj
Storj (STORJUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
Elliott Wave Analysis
In Elliott Wave terms, Storj began a wave one advance on July 16. The wave one finished on August 12, and the wave two correction ended on October 23. If this wave count is correct, Storj should be heading next towards the August 12 peak in the wave three.
(Chart courtesy of Tradingview.com)
Zooming in the four-hour chart, I believe Storj is currently in the red wave three. The red wave one began on October 23.
(Chart courtesy of Tradingview.com)
Funnymentals
Storj is a decentralized cloud storage token. You can view the official promo video below.
Storj: Decentralizing Cloud Storage from Storj on Vimeo.
If you think this analysis is correct, upvote this post and upvote the comment "Storj will takeout the August 12 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Storj will drop below the July 16 low".
If you think Storj is in a range, upvote this post and upvote the comment "Storj will stay in a trading range between the July 16 low and the August 12 peak until December 3".
You can upvote the comment until 3 PM EST November 3 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Storj will drop below the July 16 low (12 voters as of 3 PM EST November 3: bleujay, bentleycapital, yefet, jznsamuel, coolthings, cassidyandfranks, criptorafa, gunsmithing, amfid4846, freskil, abay, elisablogs).
Storj will stay in a trading range between the July 16 low and the August 12 peak until December 3 (24 voters as of 3 PM EST November 3: allyouneedtoknow, soundmoney, flemingfarm, lucasgabd, eirik, damla, starline, abh12345, toofasteddie, crokkon, ahinga, mirda, komischername, mprgrmmr, mihail.tsvetkov, carlosdaniel, ragnaros, andy23, richard78624, koskl, kanoe, huasipi, incrediblesnow, spyfromthecold).
I prefer MAIDSAFE 😂
Not moving in the same direction today.
You won.
Storj will takeout the August 12 peak (10 voters as of 3 PM EST November 3: lydon.sipe, gregory-f, catena, dlina-v-metrah, me-do, napkin, sevinwilson, heidelbaer, cyrptoreports, wallsnow).
Big fan of Storj and decentralised storage itself. Hope to see it keep on going up. :) Great post as always!
Thank you cryptoreports.
img credz: pixabay.com
Nice, you got a 4.0% @minnowbooster upgoat, thanks to @maarnio
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wow so amazing.
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STOPCongratulations! In addition to the vote from @randowhale, you also received a vote from @randowhaletrail!