Siacoin completing a bullish cup and handle formation

BINANCE:SCBTC

Siacoin is completing a bullish Cup and Handle formation.

With such a gap in volume profile a breakout above 114 sats would bring a nice green candle to potentially 155-162 sats.

We are conservative and we choose a lower target at 127 sats.

They also announced a very positive hardfork that would surely bring more optimism in the Siacoin community, removing effectively two dominating ASIC miners from the game.

We are recommending a breakout buy at 115 sats OR wait for a retracement to the first fib level at 103 sats.

Stoploss 90 sats

Enjoy!

Trade active:

still consolidating at 109

Trade active:

We hit 103 sats, trade call active

Trade active:

trade still active, more upside potential