Nilsie1988

Might be a good time to invest in Siacoin

Long
Nilsie1988 Updated   
POLONIEX:SCBTC   Siacoin / Bitcoin
Siacoin is bouncing on (what I call) Major Support for some time now and it is still within its descending triangle.
It is almost time to break out of that in my opinion.

Entry: anything below 165.
First target: 220 (might want to take some profits above 200).
Second target: 340 (Siacoin has a couple releases scheduled in november. Price can go up in oktober).

Good luck!
Trade active:
Clearly its value dipped a bit, but it is still bouncing on support.
Following 3 days will be crucial.

I think an entry at this value could be a good move. In that case set a stop loss at 144sats.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.