SC has been getting a lot of positive news recently (ride the trend guys, the news surrounding SC is very positive). It is definitely a long term hold. The project itself is genius - if you haven't invested in SC yet i'd recommend to do so and hold.
As for the chart - I think that history will repeat itself and we will now see a drop until it reaches the bottom (indicated as buy zone) and it will go up again.
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SC has been following the trend and has hit the buy zone.
steemit.com/sc/@cryptopizza/siacoin-sc-potential-800-growth-since-it-reached-the-bottom