SC/BTC -After the Double Top reversal, the price has dropped back to the 200D MA -The area where the 200MA located is a confluence of the key support zone -If Siacoin can hold current price market for the next 3-5 days -There is a high chance to see a strong reaction bounce up to 35 sat -Bearish side, break below trendline support will lead the price down to 20 sat
Hello, traders. For SC it is a little difficult to find chart patterns on this chart, we had a strong downtrend movement in the last few days and we may be accumulating I see it more likely that we will continue the downtrend movement. . Above 36 the bulls will try to take control of this asset one more time
SC/BTC -breakout of local resistance -broke above 50ma on daily chart -new immediate support at 21-20s -upside potential is up to 30s -stoploss below 18s
Technical analysis: . Siacoin/BinanceCoin is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000680 to 0.000610). if so, traders can set orders based on...