SC/USDT bullish continuation from key support?👀🚀SC Analysis
💎 Paradisers, focus on #SCUSDT as it’s currently exhibiting an intriguing market pattern. The asset is showing signs that point towards a possible bullish movement from a significant support level.
💎 Recently, #Siacoin faced rejection at the resistance level of $0.008155. Currently, if it manages to maintain its momentum at the key support level of $0.005809, we could be looking at a potential bullish continuation from this point. Adding to this bullish outlook is #SC strong momentum above the EMA, reinforcing the possibility of a continued upward trend from the support.
💎 However, should #SC fail to uphold its stance at the $0.005809 support, we might need to shift to Plan B. This alternative scenario would involve anticipating a bullish rebound from a lower demand zone at $0.004939. Importantly, if it breaks below this demand level, it could signal the start of a downward trend. 🌴💰
💎 Recently, #Siacoin faced rejection at the resistance level of $0.008155. Currently, if it manages to maintain its momentum at the key support level of $0.005809, we could be looking at a potential bullish continuation from this point. Adding to this bullish outlook is #SC strong momentum above the EMA, reinforcing the possibility of a continued upward trend from the support.
💎 However, should #SC fail to uphold its stance at the $0.005809 support, we might need to shift to Plan B. This alternative scenario would involve anticipating a bullish rebound from a lower demand zone at $0.004939. Importantly, if it breaks below this demand level, it could signal the start of a downward trend. 🌴💰
Trade closed: target reached
💎 Just like clockwork, #SCUSDT is tracing our forecast, hitting that sweet 79.59% growth markNote
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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.
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.