jonathanvn

SIACOIN its double bottom pattern is almost confirmed...

Long
BINANCE:SCBTC   Siacoin / Bitcoin
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.
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.

Comments

yep really hoping this plays out lol, could pull out a full BTC by the end of this trade
Reply
JCue JCue
@JCue, also when siacoin moves up it takes no time at all from previous history, couple weeks of consistant up, so i dont expect it to a year to reach 200, maybe a couple months
Reply
@JCue, Right and certainly also if you consider the low price ATM
+1 Reply
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