Updated

Siacoin Breaks Resistance (Will Continue Going Up!)

Siacoin (SCBTC) has broken above resistance with yesterday's candle, breaking above EMA50 with above-average volume.

If you take a look at the volume on the lower part of the chart, you can see it has been gradually increasing. The recent break above EMA50 and the RSI and MACD trending up.

Now, all that SCBTC needs to do is remain above EMA50 so it can push higher.

Conditions for change: If SCBTC falls down and closes below EMA10 (65 satoshis at the time of this writing), then the above signals are invalidated and a new analysis is needed, yet, it will most certainly bounce to try and increase its value.

Here is our long term trade for Siacoin (SCBTC):

Feel free to show your support by trading it, collecting profits, sharing it and hitting like!

Namaste.

Note

Siacoin (SCBTC) is moving with good momentum and volume.

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