DLavrov

Siacoin Entry Level

Long
POLONIEX:SCBTC   Siacoin / Bitcoin
The trading idea is based on a bullish divergence. The price diverged with MACD lines and it gave us a trend reversal signal. Taking into consideration that the market has been fallen for a long time, we should be ready to the trend reversal with further upward movement to the previous resistance levels. RSI confirms price reversal in the oversold zone. MACD lines support upward movement. We have buy opportunity. Pending orders can be placed above SMA100 and the resistance level. It's 0.00000060 level. Stop orders must be at 0.00000040 level. Profit targets are 0.00000100 and 0.00000150 levels.

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