CryptoChica
Long

SCBTC Siacoin BITTREX, breakout soon

BITTREX:SCBTC   Siacoin / Bitcoin
Siacoin held pretty well during the correction, with the 0.00000250 area working well as support, which was the previous high on Dec. We're still within a downtrend channel , however we can see some bullish signals in our 4hr chart.

We have a bullish divergence in our MACD with three higher lows. There is this huge triangle, which is a continuation pattern. If we break out to the upside, we could have a confirmation of the breakout with the price bouncing of the top purple line. We can have a price target at 0.0000075, that being the target from our huge flag, matching our 1.272 fib number, being at the same area of our previous highest point.

Daily chart:


Hi, I saw the same thing I put a chanel parallel. When he goes out, I will buy.
Good Job
Reply
@JadeDD, Cool, prices right now are still quite unstable due to BTC... it's moving currently downwards, we'll have to wait and see it we manage to have a breakout to the upside.
+1 Reply
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