Siacoin Breakout Overdue...

BITTREX:SCBTC   Siacoin / Bitcoin
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.

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.

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.

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

Related Ideas


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out