Siacoin/USD Falling Wedge and Bullish Divergence - rally to .03
Hi there,
Siacoin has been forming another falling wedge, which might be perceived as a fractal price movement.
The targets are similar to those of the last one.
It is crucial that the price pierces the downtrend (dotted line), which should be settled approximately at the 0.384 Fibonacci Level, if I got the time frame right.
There is a feint of a bullish divergence in the RSI, fortifying my opinion on the matter.
Targets for my trades are in the 0.18 and 0.3 price range.
Trade safe!
Nik
Siacoin has been forming another falling wedge, which might be perceived as a fractal price movement.
The targets are similar to those of the last one.
It is crucial that the price pierces the downtrend (dotted line), which should be settled approximately at the 0.384 Fibonacci Level, if I got the time frame right.
There is a feint of a bullish divergence in the RSI, fortifying my opinion on the matter.
Targets for my trades are in the 0.18 and 0.3 price range.
Trade safe!
Nik
Trade active
Comment:
this fortifies it further
