SCBTC Siacoin

Possible support and resistance are marked in the graph. looks like it is in a downtrend for short term interval.

If it stays above the blue EMA, I think there is no big problem.
If it can break the triangles above resistance (red line) target will be 277 to make a cup formation.

Comment:

it broke the triangle, now it is on the pull back zone. it turned from the 233 level to take the pull back action. this prices are important I think.

Must stay above the trend support zone (red line marked with blue arrow) for the upward movement.

Trade active:

It looks like that it is moving in a horizontal channel between 206 and 233.
I think the break point of this channel will show us the direction of the move. Indicators shows that it is looking to find a direction to itself.