Storjcoin has broken the trend line drawn from the September 15 peak.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Storjcoin has completed waves one and two in the daily chart. The wave one started on the November 1, and finished on the November 3. The wave two correction may have ended on the November 17. If this wave count is correct, Storjcoin should be heading next towards the November 3 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Storjcoin has most likely completed one cycle from the November 2015 lows. The five wave advance ended on the September 15, and the three wave correction finished on the November 1.
(Chart courtesy of Tradingview.com)
In the monthly chart, I believe Storjcoin is in the wave five. The wave one started in the August 2014, and ended in the December 2014. The wave two correction finished in the November 2015, and the wave three advance ended on the September 15. The wave four correction finished on the November 1.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Storjcoin.
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