Coin of the day is Siacoin.
Sia is a decentralized data storage platform based on the blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the participants of the network to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. The goal of the company is to provide a decentralized cloud storage option that competes with centralized legacy competitors such as DropBox, Amazon, Apple, and Microsoft. The project is aimed at the topical and rapidly developing niche.
From the technical point of view the price, which had shrunk along with all cryptomarkets during the start of the 2018 and now unfolded not reaching the 0.000001 level.
Today SCBTC pair Had completed the Reverse Head and Shoulders pattern with the Head at the 0.00000114 and started to grow accompanied by jumps in volume.
From the upside, the bulls will meet 0.0002 resistance and 100-days EMA after it. Breakthrough of these levels will confirm the development of the upward cycle.
From the downside, Bullish Trend Line and short-term support at the 0.0000016 will support the uptrend.
Sia is a decentralized data storage platform based on the blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the participants of the network to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. The goal of the company is to provide a decentralized cloud storage option that competes with centralized legacy competitors such as DropBox, Amazon, Apple, and Microsoft. The project is aimed at the topical and rapidly developing niche.
From the technical point of view the price, which had shrunk along with all cryptomarkets during the start of the 2018 and now unfolded not reaching the 0.000001 level.
Today SCBTC pair Had completed the Reverse Head and Shoulders pattern with the Head at the 0.00000114 and started to grow accompanied by jumps in volume.
From the upside, the bulls will meet 0.0002 resistance and 100-days EMA after it. Breakthrough of these levels will confirm the development of the upward cycle.
From the downside, Bullish Trend Line and short-term support at the 0.0000016 will support the uptrend.
