The chart for Siacoin vs Tether (SCUSDT) looks very similar to the Bitcoin (BTCUSD) chart.
Here we have prices now trading below EMA10 with more red incoming.
The next support is MA200/EMA50, followed by the orange trendline.
Prices are likely to drop and then a small bounce, to continue lower.
Namaste.
On the SC / usdt (Siacoin) pair, the Dragon formation was formed. It will be confirmed when the price breaks the downtrend line (dragon ridge). Now a breakdown is taking place.
ENTRANCE
1) on a breakthrough or pullback after a breakdown of a downtrend line (resistance). It is very important for price growth that the price consolidates above the downtrend...
Siacoin is a great coin with strong fundamentals.
The biggest thing we should consider now is SiaCoin Roadmap: 2020
The goal for 2020 is for Sia to become a direct competitor of Amazon S3. They hope to convince companies to use them over the competition.
In my opinion, the price of Siacoin has a large room to grow without compromising the cheapness of this...
Siacoin will shoot up and blast through the resistance or it will dips down slightly, hit the support and shoots up.
Channels are forming on the chart, RSI and MACD. When it breaks out its shooting up hard!.
31st Oct. - Hard Fork
Hope everyone appreciates my time and effort.
Please leave comments and feedback, it will be much appreciated.
This is not financial...
