Siacoin in short term upward channel
Updated
Siacoin is one of those coins that came down to earth after a huge bubble. The bubble formed a SHS-formation, the drop after this formation was halted by long term support line. Falling resistance got broken (green elipse) and an upward channel got formed. Look for the upward channel to continue, at least till it crosses the neckline (0.00000240 area, red elipse).
Trade closed: stop reached
Sia has fallen below longterm support.. current sentiment (with al the negative China hype) is just killing..Disclaimer
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