SC - SiaCoin - Short
Updated
SC was one of the few coins to breakout upward during the crypto correction and has been a solid investment for sometime with heavy investment coming form players with deep pockets.
However, following the breakout it has formed a bearish ascending wedge. SC is facing heavy selling pressure and there a divergence has formed between technical indicators and the price.
Due to the TA on the chart and divergence of the indicators, I expect a pull back in price.
However, following the breakout it has formed a bearish ascending wedge. SC is facing heavy selling pressure and there a divergence has formed between technical indicators and the price.
Due to the TA on the chart and divergence of the indicators, I expect a pull back in price.
Note
SC dropping, Price action matching technicals.Note
Hit a low of 369, looks like volume has kicked up since then.
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