• Cryptocurrencies: 4008
  • Markets: 22804
  • Market Cap: $271608952650.29
  • 24h Vol: $72719491975.862

STORM: Soon to Breakout: Price Analysis

  • STORM available on Binance.
  • Broke out of accumulation several days ago
  • Retesting the First Resistance level
  • Volume indicates 110% increase over the next 1 Week


What does the technical Analysis Suggest?

  • Over the past 1 Week storm has broken out of accumulation
  • On the higher time frames of 1D – it has been trading above the 15MA and 55MA.
  • Today’s close will indicate whether it can blow past the 90D MA and 1st resistance level of $0.0109
  • A close above it would indicate it is ultra bullish and can see the volume gaps at $0.015 and above the second resistance level of $0.021
  • The RSI Stochastic on the higher time frames illustrate that despite it resting the first resistance it has enough momentum to move higher.
  • The volume over the past 10 days has been trading higher than the 90D Average – which indiciates it has enough momentum to move higher.

Nouvive Research has looked into the order book value of the coin and view it as ultra bullish.

NR have also looked into the market sentiment and has deemed that the market is still unaware that it will pop 117% upwards.

Nouvive sees a trade at $0.0091 with a stop loss at $0.008 and a take profit at $0.0211. Always move stop losses up in profit.

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