Decentralized Private Cloud Storage - Siacoin Technical View
Siacoin found the support at 0.00000136 with a clear rejection of the 361.8% Fibonacci retracement level. Overall this could result in the change in trend while attracting more and more buyers. Especially after Bitcoin has formed a double top and could start correcting down. Thus assist SIACOIN/BTC pair going up.
At this point, it is not clear as to what will be the final upside target in the long term, but it seems that previous strong resistance near 0.000007 could be tested in the medium term.
It's been a rough month for Sia. I can't see it going much lower than it is now. Hopefully it makes a move soon.
Thank you for your comments guys, you can follow my trade idea here: https://www.tradingview.com/chart/SCBTC/JY7U6h0B-SIACOIN-VS-BITCOIN-GROWTH-POTENTIAL/ and good luck trading cryptos!!! Let me know if you have any questions
I have just discovered Siacoin & believe it has great potential. Another coin with a pratical use. Will definitely be investing.
Thanks for the post.
GOOD publication