Hello Traders,
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- SC is trading in a symmetrical triangle since April 2021 on our 1D time-frame chart, our EMA200 is acting as an dynamic support holding the price up , buyers are showing strength since mid September , good buying volume is starting to rise we would like to see a breakout from our triangle around 0.0245$ with a daily close candle confirmation which show us that buyers could take the price higher breaking our old R/S 0.03314$ - 0.04174$ .
- Based on our 4H time-frame chart, price action is making his way in a decent ascending channel making new higher lows with an increase volume.
-Stochastic indicator is showing positive sign , price is in buy zone territory
- I am overall bullish on the long-term for SIACOIN , from a technical perspective and fundamental side ( check the main 3 reasons down below )
(Fundamental Analysis):
1-A cost-effective cloud-storage solution
2-Peer-to-peer storage solutions
3-Security is paramount
Good luck Sia lovers!
- Please push the like button if you like the content or drop a comment to share your idea!
- SC is trading in a symmetrical triangle since April 2021 on our 1D time-frame chart, our EMA200 is acting as an dynamic support holding the price up , buyers are showing strength since mid September , good buying volume is starting to rise we would like to see a breakout from our triangle around 0.0245$ with a daily close candle confirmation which show us that buyers could take the price higher breaking our old R/S 0.03314$ - 0.04174$ .
- Based on our 4H time-frame chart, price action is making his way in a decent ascending channel making new higher lows with an increase volume.
-Stochastic indicator is showing positive sign , price is in buy zone territory
- I am overall bullish on the long-term for SIACOIN , from a technical perspective and fundamental side ( check the main 3 reasons down below )
(Fundamental Analysis):
1-A cost-effective cloud-storage solution
2-Peer-to-peer storage solutions
3-Security is paramount
Good luck Sia lovers!