Siacoin, Bearish Correction.
Weekly
Looking at our trend timeframe we see price has been rejected by major resistance, and has been respecting it’s downtrend since. Support @ 200 satoshis on the weekly, stochastic rsi showing momentum is bearish.
Daily
Shifting over to our pattern timeframe we see price forming lower highs and lower lows, no signs of slowing down on the daily. Momentum remaining bearish, support shown @ 200 satoshis. Waiting for a daily confirmation of support before taking an entries.
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