Today's analysis is a follow up from my successful prediction for Siacoin (chart is shown below) before the minor altcoin crash throughout July.
After reaching 840 we started a steep decline towards the mid 200's.
Now that price has stabilised I'm looking for opportunities to get back in on the long term move.
Price has formed a valid pattern and a , both completing in the same area.
This indicates a move up to 615 in the near future.
I'll be looking out for any analysis that supports or tests my judgement.
Updates to follow! Don't forget to connect with me below.
If the support trendline breaks we will see a move down to 250 to re-test the PRZ.
Be careful trading in the run up to August 1st.
If this does happen I'll be looking to buy SC from here.
This can change, but right now there is absolutely no reason for it to grow by 800%, well, not short term anyway.
I'd like to see it happen though!