When siacoin 1st started to show life we saw days bewteen dec2 and dec5 where it showed signs of parabolic movement . Sense then the upward channel for siacoin has been formed. Siacoin has been a long state of downward channel so this is sign of life. Also with my idea of bitcoin being in its 5th wave the last time BTC did this in early june we saw alts rise with bitcoin which i believe will happen again. Siacoin being one of these coins for many reasons. Personally i firmly believe in Siacoin tech and i see a forseable future of partnerships or contracts with the biggest companies in the world today. So buying it at the USD price its at now 3 cents is a no brainer for long term hold.
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Siacoin is at the bottom of its parabolic uptrend channel. i wouldnt be suprised if siacoin hits the .300 satoshi level here real soon
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Seeing a build up to .257 if it breaks .257 we will see more growth otherwise we might see slight retracement. Im in the coin for the long run so im just trying to accumlate as many coins as i can on dips!
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Siacoin is at a great load up point to buy more if your looking to just stack and hold long term .
Trade closed: stop reached:
BTC will be on the move here in the near future so ive shifted majority of my portfolio into BTC always protect your investment. With siacoin about to break upward trend channel im closing my postioin with intention to buy back in . Sense i got in at.76 im holding 20 percent of my coins and selling the rest to protect my investment
.175 soft support
.335 soft resistance new support near future
.440 hard resistance once past more parabolic movement in SC future