Siacoin Bottom is Near
Siacoin's bottom seems to be nearing; it has tapped 67 satoshis multiple times and orderbooks show large accumulation orders on the buy side. Daily RSI is showing clear bullish divergence (White). The range is tight and needs volume to turn up. The pattern looks like a falling wedge if you use candle bodies which is a bullishly resolved pattern, however if you use the wicks it looks like a descending triangle which is a bearishly resolved pattern. Decision time soon.
Upside Targets: (Light Blue)
55 ema: 74 satoshi
100 ema: 83 satoshi
200 ema: 105 satoshi
(coincides with prior horizontal resistances)
Downside Targets: (Pink)
50 satoshi (measured move of descending triangle)
Upside Targets: (Light Blue)
55 ema: 74 satoshi
100 ema: 83 satoshi
200 ema: 105 satoshi
(coincides with prior horizontal resistances)
Downside Targets: (Pink)
50 satoshi (measured move of descending triangle)
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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.
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.