mumbojam

STORJ Bearish.

Short
mumbojam Updated   
BITTREX:STORJBTC   STORJ / Bitcoin
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 Engineer Leaves: www.reddit.com/r/sto...lxpn/so_long_friends

Comment:
Seem's like STORJ has made a turn at the first angle I drew for a potential breakout of downward. It may still be considered as part of the channel considering the peak on 7/20 but could also show a breakout in general.
Comment:
Has turned rebounded and broken the resistance, look for new indicators (may possibly make one soon).

I personally don't see this coin being the most valuable out of its competitors
(FileCoin, Sia, Maidsafe)
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