Price is touching the ichimoku span B and I am opening a long (short term) position to see how this bottom of the cloud acts in the next days. If this bottom of the cloud fails as support it might want to push it down all the way to 300 sats and that would be the bottom of playground 2, so in case that happens, I will open another position there. But pretty unlikely to break a daily ichimoku cloud without volatility and fun so I wouldn't think in the 300's that easy. Sia will be nice to trade in upcoming weeks. I believe the 400's will be an important price for future moves. Even if you like the MACD, you can add that indicator too as confirmation to see that is showing a bullish divergence. Yet again, everything could happen with bitcoin and the whole crypto ecosystem bleeding.
Comment:
Well, it seems we are resting in the support at around the 300's area just as I thought when I made the chart, it was either going to fight the span A of the cloud or crush the span B to land in the support area. I opened a position at 408 and managed to average down to break even in a lower price and now my break even is at 320. I am still expecting a fight towards the 600's. This coin is very undervalued is really difficult to me to see this coin falling more. I wouldn't be surprised to see this coin above 1000 sats easy.