Pips_In_Paradise
Long

Siacoin Breakout Overdue...

BITTREX:SCBTC   Siacoin / Bitcoin
Daily
Looking at our highest timeframe we see price has respecting a bearish parallel channel , after breaking out of 215—240 satoshis consolidation zone. Price has retuned to it’s breakout support zone . Daily candles showing higher lows being formed. Stochastic RSI showing momentum is slowly heading towards the upside.

4Hour
Shifting over to our pattern timeframe we see price is currently at a critical point, Short-term uptrend being respected, momentum showing us we want to head towards the downside. A 4hour close above 245 satoshis activates our trade, otherwise expecting a drop towards 220 satoshis before heading towards the upside.

Hourly
Finally looking at our trigger timeframe we see price is stuck in a design triangle pattern . An hourly close above 245 activates trade, momentum also being shown we are heading towards the downside. Hourly support at 230 satoshis.

Conclusion
Buy: After break and close above 245 satoshis on the 4hour.

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