Siacoin has had some big, measured moves up recently, currently down 33% from ATH, but has held the 61.8% fib line as strong support (previously resistance). Also if you look at the Stoch RSI, every time in the past two months it has been this oversold, SC has rallied pretty hard upwards. The RSI is also well above the last two trend reversals, so that's positive. This is all highly dependant on BTC, but I expect a move towards 5 cents in the next few weeks.
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Fib levels
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SC was just listed on Huobi Global and it's pumping hard! Apparently it's trading there at 5 cents already!
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Close above the 0.0335 line should see upwards action and a retest of the 0.037 levels.
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Boom!
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Based on previous moves, SC will now retrace to the 61.8% fib level (every move has hit that level in retrace) at 0.029, unless it is listed on Coinbase, in which case it will probably melt faces at 5+ cents.
Trade closed: target reached:
Boom. 5 cents done. Thanks for playing! I'll post another chart in a few days to see where we're at.
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Key levels for SC in the coming month or so.
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We'll probably hit support 1 again if $btc goes back down to 30K. Support 2 if we drop below that to around 28K. Support 3 if shit gets really bad. Stay safe, layer your buys friends :)
