Storj Bounces From Support | Will It Go Up Now?

14 Mac 2020

STORJBTC (Storj) just moved below MA200 and bounced, printing a long-wick, when it hit support... What will happen next?

We have prices trading in between MA200 (0.00001510) and support (0.00001124).

• If prices can remain above support and break MA200, then we will see STORJBTC move up with strength (green arrows).
  
• But if instead STORJBTC moves lower and fails to hold on support, we will see more low (red arrows).
  

The trading volume is really low when MA200 broke and also on the bounce. There is no strength on the bears drop and the indicators are starting to turn.
It is likely that STORJBTC will do little consolidation and then resume moving higher.

This is not financial advice.

• Remember to have a stop-loss and build a clear plan/strategy before you decide to trade.
  
• Take your time before taking any action, if one opportunity goes, another one will come and take its place.
  

Thanks a lot for reading.

Namaste.