Siacoin Challenges Resistance, Almost There |Patience, Easy 130%
Updated
Siacoin (SCBTC) hit 19 satoshis today challenging EMA50 for the fourth time in just 1 week... This is the level to break if SCBTC wants to grow and move higher.
As you can see on the chart, the black trendlines have been conquered and all that is left for a strong impulse move is a break of EMA50 (green arrow).
If EMA50 can't be conquered, we will see prices go lower (red arrow) before another strong jump (blue arrow). So regardless of what happens, we remain bullish while trading around support in this setup.
Stay tuned... Siacoin will produce massive gains in 2020 and beyond.
Namaste.
As you can see on the chart, the black trendlines have been conquered and all that is left for a strong impulse move is a break of EMA50 (green arrow).
If EMA50 can't be conquered, we will see prices go lower (red arrow) before another strong jump (blue arrow). So regardless of what happens, we remain bullish while trading around support in this setup.
Stay tuned... Siacoin will produce massive gains in 2020 and beyond.
Namaste.
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