Fundamentally: Siacoin has been listed on Binance - there were talks of this in December but the CEO stated that he did not like Binance's T&Cs as SC wants to stay as decentralised as possible. However, due to binance wanting to create more decentralisation, SC has now been listed. SC also has very strong fundamentals.
Analysis: As you can see on the chart we are in the accumulation zone. Volumes will increase dramatically due to the binance listing. As BTC consolidates at 6.6k before a potential further movement up to 6.9k, we will see altcoins move up. Siacoin has HUGE profit potentials. MACD supports further upwards movement with a potential bullish crossover as does the stoch RSI. When SC runs upwards it runs up VERY quickly.
Buy in price: 200-220 satoshis, can buy in at higher prices if BTC doesn't drop dramatically. Stop loss: 190 satoshis. You can take profits in the yellow box, I would recommend taking a percentage of your profits and waiting for the triangle to break, if we break upwards then we can begin to see close to ATHs which is 300%+ PROFITS.
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Stop loss hit, yellow zone is the buy zone for a portion of SC. I still think this is close to the bottom, we just have to wait for a breakout.
Along with MACD, there is Bullish divergence on the momentum indicator too with the price forming lower low but the momentum forming higher low.
Trend is expected to reverse soon, from downtrend to uptrend. This may be a good time to start accumulating.
Trend is expected to reverse soon, from downtrend to uptrend. This may be a good time to start accumulating.
I posted it in my analysis here: