Siacoin RSI is curving up big time forming multiple higher lows. Ofcourse as we've seen before this could also end in a local top inside the falling wedge pattern like in April. However, we are nearing the end of the wedge pattern and alts are starting to move.
We have the .236 support below us right now which has held since mid August. The curving RSI might indicate that a move upwards from here can be expected.
We have the .236 support below us right now which has held since mid August. The curving RSI might indicate that a move upwards from here can be expected.
Note
[img]Another wave up can be expected, +14% would take us to the next fibo, past the 50 MA shown in black above, as well as increase the likelihood of this being indeed a double (W) bottom.
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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.