StorJ Technical Analysis for 12/23/2015 – Breakout of Range

The StorJ digital token has been in a bear market since December of last year, but the 0.00003 price level proved to be unbreakable. Price bounced from this level several times between November and December. Actually, this level goes back to October of 2014, when the market utilized this area as support and also as a jump-off point for the big rally that topped at 0.00018 – the all-time high for StorJ .

Storj-technical-analysis-Dec23-2

 

StorJ was trading in a very defined sideways market for the past two months. The top of the range at 0.000043 – which acted as resistance about six times – was finally broken yesterday. The 0.000043 level is now a major pivot zone and this area is very likely to now hold as support. Another rally might be in the cards!

Storj-technical-analysis-Dec23

 

 

Disclaimer:  This is not trading/investment advice!

Chart source: https://poloniex.com/exchange#btc_sjcx

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