Siacoin (SC/USD) could be putting in the final touches of the Cup & Handle pattern as shown in the below chart. A five wave impulse has completed (blue) and the current correction is reactionary to that. The red ABC is forming the handle and could be complete. However, the C wave could extend to 0.618 Fib levels.
The bigger picture shows that the blue five waves could likely be the subwaves of a higher degree wave 1 (white) and the red abc are subwaves to white wave 2. The MACD supports this bullish count and so once wave 2 completes, wave 3 should move violently upwards.
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