The price is consolidating under key level resistance. The current level is heavily supported by: 200EMA, dynamic support(orange) dynamic support from previous resistance(blue), local level(0.1889) and node of high volume.
Siacoin (SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the "backbone storage layer of the internet."
Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.
Thank you for your analysis! Would you be able to do one for GRT/USD please? Would like to know your thoughts. :)
V0VOLAN
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@postivevibesonly, hi:) Sure no problem. I covered GRT before pre-breakout and I'm already out of this trade but
Current situation to my eye is that the price is currently stuck in the area of major resistance and 200EMA support. Will most likely follow first given impulse from the market I mean from btc or eth, or consolidate for a little longer. You can spot some sort of falling wedge formed on lower timeframes, it's a reversal pattern so that's bullish but as long as the price stays inside of it we can assume it's headed towards key level (0.79) Overall: not good, not bad 😅 good luck!
postivevibesonly
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@V0VOLAN, Thank you! Appreciate your prompt response! 🙏