ArnieHill

Siacoin Day Trading Channels Verified with Trend Lines

Long
POLONIEX:SCBTC   Siacoin / Bitcoin
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2
Saicoin/ BTC moves in clear channels between .300-.280 which is a great buying price, then increases between the channel 300-340.

It is currently moving in an uptrend with multiple conformations and may reach the resistance test of 0.400 within 24 hours. If market volatility is present, this would be a potential short or long position depending on whether it can break the resistance of .400.

Both Ethereum and Saicoin have seen a recovery in price after a 40% correction across the market. If SAI breaks back down I would highly recommend buying around sub 300-325.