$SC #SIACOIN - Is SIACOIN ready for a move up or fall down?

Hello Lads and Ladies,

Today we are looking into a highly traded coin on many exchanges SCBTC.
As we can see in the chart, we see a big triangle forming and getting very close to an end. Looking at the fibs retracement starting in the beginning of the triangle, these have been respected all along. Therefore we will most likely see a very important and dicing point when SCBTC hits 300 satoshi again. Either it will retrace back to the big increasing trend line or will have a move upwards towards the range of 378 and 455.
ANYHOW, there is still a possibility that it will just break down from the trend line and retrace back to 44 satoshi, this is a worst case scenario that is very unlikely to happen.

Therefore, I would say overall we are in an uptrend movement and we will see it continue for quite a while. The next time we see SCBTC hit 300 will be deciding point, it seems like that we are going to test it very soon although not too soon because looking at RSI we are very close to 80 points, which have NOT been crossed a lot of times before.



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Cheers, Tomas