A major move can happen on the Siacoin ( SCBTC ) pair but we start with the short-term target first.
EMA100 rejected growth back in April this year and this same level is working as resistance now.
Since SCBTC has been consolidation above EMA50 for the past month, as the EMA100 resistance gets challenged again we are alerted of an upcoming bullish jump.
As usual, low risk with high potential rewards.
We can have a 10-15% risk (stop-loss), while we aim easily at 60% to start but there can be 100% or more in the weeks to come.
Namaste.
EMA100 rejected growth back in April this year and this same level is working as resistance now.
Since SCBTC has been consolidation above EMA50 for the past month, as the EMA100 resistance gets challenged again we are alerted of an upcoming bullish jump.
As usual, low risk with high potential rewards.
We can have a 10-15% risk (stop-loss), while we aim easily at 60% to start but there can be 100% or more in the weeks to come.
Namaste.
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