Uptrend 📈
A market condition where price forms higher highs and higher lows.
Buyers are in control and momentum is pushing price upward.
Best strategy: look for buy setups on pullbacks, not random sells.

Downtrend 📉
A market condition where price forms lower highs and lower lows.
Sellers are in control and pressure keeps pushing price down.
Best strategy: look for sell setups on retracements, not counter trades.

Break of Structure (BOS) ⚡️
Happens when price clearly breaks a previous swing high in an uptrend or a previous swing low in a downtrend.
This confirms continuation of the current trend.

Now price is trading inside a tightening structure between a rising orange trendline support and a descending red resistance trendline. This creates a symmetrical compression zone, typically a precursor to expansion.

The key support sits around 0.893 to 0.900. As long as this level holds, buyers maintain short term control. Immediate resistance is near 1.02, followed by 1.159, which aligns with higher timeframe structure.

If price breaks above the descending resistance and reclaims 1.02 with strong momentum, upside targets toward 1.30 and potentially 1.50 come into play, aligning with the broader dashed macro trendline.

However, if 0.893 fails and price breaks below the rising support, a deeper pullback toward 0.80 becomes likely before any bullish continuation attempt.

Right now this is a decision zone.
Break upward confirms structure shift.
Break downward keeps the broader bearish pressure active.

Ascending Triangle 📈
A bullish continuation pattern.
Price forms higher lows while facing a flat resistance at the top.
Pressure builds under resistance until breakout happens.
Break above resistance with volume = potential upside expansion.

Descending Triangle 📉
A bearish continuation pattern.
Price forms lower highs while holding a flat support below.
Selling pressure increases toward support.
Break below support with momentum = potential downside move.

Bull Flag 🚩📈
A short consolidation after a strong upward move.
Looks like a small downward channel or range.
Represents healthy pullback before continuation.
Break above the flag = trend continuation.

Bear Flag 🚩📉
A short consolidation after a strong downward move.
Looks like a small upward channel or range.
Represents weak retracement before further drop.
Break below the flag = continuation to downside.

Currently, price is trading inside a smaller falling channel within the broader structure. This layered bearish formation increases the probability of one more downside sweep before any meaningful recovery.

The key reaction zone sits around 0.051 to 0.055, which aligns with the lower boundary of the macro channel. If price taps this area, it could act as a liquidity sweep and potential exhaustion point.

Immediate resistance stands near 0.093, followed by 0.1616, which aligns with the dashed higher timeframe trendline. A clean breakout and reclaim of 0.099 would be the first sign of structural shift and open room for a move toward 0.12 and beyond.

However, as long as price remains inside the descending channel and below 0.093, rallies are technically corrective within a larger downtrend.

Right now, structure favors continuation until proven otherwise.
Major support is near.
Reaction there will determine whether STORJ forms a base or extends the bearish cycle.

Banks across the United States are currently sitting on approximately $306 billion in unrealized losses, primarily tied to bond portfolios impacted by higher interest rates.

When rates rise, the market value of previously issued lower yield bonds declines, creating accounting losses on bank balance sheets. While unrealized losses do not immediately impact cash flow, they can pressure capital ratios and investor confidence if liquidity tightens.

On the 6H timeframe, price recently formed a small falling wedge / descending compression near the lower region of the larger structure. This compression has now broken upward, and price is attempting to reclaim the 0.095–0.097 zone, which is acting as immediate resistance and a key structural pivot.

If price holds above 0.093–0.095 and confirms acceptance above this range, upside targets open toward 0.1238 first, followed by 0.1707. That would represent a strong corrective rally within the macro downtrend.

However, if this breakout fails and price loses 0.091–0.089 support, the structure likely continues downward in line with the larger bearish channel. In that case, deeper downside toward 0.080 and potentially 0.060–0.040 becomes possible.

Right now this is a critical reclaim zone.
Acceptance above resistance favors short term expansion.
Rejection keeps the macro bearish continuation scenario active.

However, on the 12H timeframe price is now compressing near the middle of the channel. Recent price action shows a tightening range with higher lows forming against horizontal support around 0.0066 to 0.0068. This creates a short term symmetrical compression inside a larger downtrend.

This type of structure often leads to a volatility expansion.

If price holds above the 0.0066 region and breaks above the short term descending resistance, upside targets sit near 0.0090 first, followed by 0.0124 which aligns with the major descending trendline.

On the other hand, if 0.0066 fails and the lower dashed support breaks, continuation toward 0.0050 and potentially 0.0030 becomes likely, following the direction of the macro channel.

Right now price is sitting at a decision point.

Support holding favors a corrective bounce toward mid channel resistance.
Breakdown confirms continuation of the broader bearish structure.