ZilchTheNada

Fibonnacci Confluence area @ 609-616

POLONIEX:SCBTC   Siacoin / Bitcoin


Fibonnaci retracement levels 0.618, 0.5 and 0.382 are clustering between 606-616 satoshis forming a strong area of support with RSI trickling @ 40, which shows that its near of being oversold.
If it breaks this support (which I doubt), we might see it drop at 593-596 before it boosts up.

Like & Follow me for more in-depth technical analysis :)

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.