With its Double Pattern almost confirmed this looks very bullish for SiaCoin.
But the RSI is sick. It went from long underbought to almost overbought in a 2 weeks.
Volume is good and strong but not outstanding. Next kind of resistance is around 50EMA weekly.
After a good close after hitting 40 satoshis this will be a good entry point to position size from.
Curious on how this will play out. Bull market started for a lot of altcoins like $LINK.
But the RSI is sick. It went from long underbought to almost overbought in a 2 weeks.
Volume is good and strong but not outstanding. Next kind of resistance is around 50EMA weekly.
After a good close after hitting 40 satoshis this will be a good entry point to position size from.
Curious on how this will play out. Bull market started for a lot of altcoins like $LINK.
Comment:
pattern got invalidated (no candle closed above neckline) and is rejected at 40 satoshis. Also seems like a bear flag formed which price just broke to the downside and seems bearish on first glance.