Siacoin is looking for Another Breakout in Bullish Flag Pattern.

POLONIEX:SCBTC   Siacoin / Bitcoin
Hey, I am back with another Technical Analysis, this time looking at Siacoin.

I was looking at Siacoin a few times from now.
Her movements always seemed clear to me as in every chart on Siacoin I was right, check related Ides if you dont believe me. For Second I really like Siacoin!

Their Project seems really great! Cheap crypto online cloud storage.

Okay, that was Siacoin In short, lets move on to the chart.

Mkay, on the chart you can there is a flag pattern that has occured and I also managed to find some strong demand/support zone at which we have already bounced off, but still if Bitcoin will see some more downside, it can fall to this level shortly, but I dont see Bitcoin falling right now.

Taking look at the Indicators.

MACD - Clear and long buy signal, more buyers coming.
RSI - Broke both levels and has found support at both ressistances which is just perfect. I never thought even RSI has its own support and ressitance but now its clear to me that it does, funny isnt it?

So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel!

Hope I made your view on whats going on with Siacoin somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !

If this gets a little bit of attention, I will update!
Target? :)
Do you have a link to your discord? Thx
TiborVrbovsky crypto_takeoff
@crypto_takeoff, Its on my Status on Tradingview.
+1 Reply
crypto_takeoff TiborVrbovsky
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