SC/BTC
-After the Double Top reversal, the price has dropped back to the 200D MA
-The area where the 200MA located is a confluence of the key support zone
-If Siacoin can hold current price market for the next 3-5 days
-There is a high chance to see a strong reaction bounce up to 35 sat
-Bearish side, break below trendline support will lead the price down to 20 sat
Hello, traders.
For SC it is a little difficult to find chart patterns on this chart, we had a strong downtrend movement in the last few days and we may be accumulating
I see it more likely that we will continue the downtrend movement.
.
Above 36 the bulls will try to take control of this asset one more time
SC/BTC
-breakout of local resistance
-broke above 50ma on daily chart
-new immediate support at 21-20s
-upside potential is up to 30s
-stoploss below 18s
Technical analysis:
. Siacoin/BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000680 to 0.000610). if so, traders can set orders based on...
