There's a few lines on this chart, all of them are relevant. We've got 2 clear descending trend lines which Siacoin has recently tested simultaneously and been rejected by them both. After this rejection we've seen the price descend through layers of support (a historical consolidation zone, to be exact) and now we're left hanging off the underside anticipating a...
Prices are approaching our ascending trend line, in line with our fibonacci confluence levels where we could see a bounce here.
SIA broke above 38%, more upside towards the 61.8% fib retracement !
SIA has been moving sideways and is seeing trendline breakout to the upside ! MACD is also showing bullish sentiment building slowly.
PM LEE 's announcement of Phase 3 is opening upside for SIA! The forecast of getting 80% of the population vaccinated by Q3 of next year is well ahead of our expectation! SIA should recover faster than expected in coming days!
SIA on key support of trendline and stochastics, more upside !