Siacoin has returned back into the demand zone after briefly hitting highs of 118. It also bounced off of the trendline support as it returned into this block so as long as we remain inside and not below this zone, we are still bullish SC.
The EMAs are a little concerning as they seem to be turning over and price returned below the fast-moving EMA after solidly trending above so a few days. We do have the pink EMA as another support level so we still don't have a reason to exit the trade but keep an eye on BTC. If BTC breaks below $6100, it could drag everything down with it especially altcoins who have had a nice run of late.
Thanks guys
The EMAs are a little concerning as they seem to be turning over and price returned below the fast-moving EMA after solidly trending above so a few days. We do have the pink EMA as another support level so we still don't have a reason to exit the trade but keep an eye on BTC. If BTC breaks below $6100, it could drag everything down with it especially altcoins who have had a nice run of late.
Thanks guys