There two possible scenarios for Storj: 1) Breaks resistance line then buy will moon then. lots of volume went out of storj. fomo might come when ppl who sold realize that they wont have the chance to rebuy at their sellprice. 2) storj will break support. it appears to be a strong support therefore unlikely but to me everything depends now on the next BTC move...
Throwing this out there quickly as it starts to challenge the up-side. Place you buy high enough to avoid the fake-out. Indicators will support. ...but what do I know, I'm just a space suit engineer, not a trader. Good luck!
Downtrend broken. At 40c you are paying for cash backing, recently bouncing strongly off this level.
Since the news of Lead Engineer leaving STORJ we have seen bullish trend since the get go. With STORJ competing with Maidsafe, and Sia we can see this hitting all low's. If STORJ were to come out with some good news this would give us an opportunity for a cheap buy into STORJ for a lengthy hold. As of now I don't think I will be investing in STORJ just yet Lead...