SCUSD trade ideas
Supports for SiaEven though riding the BTC waves, SIA respecting lines nicely like the top reversal perfect with resistance trend formed by previous two tops, making the supports formed more reliable, even in the face of BTC movements.
Expect support at first purple and first red horizontal, next tried and tested supports would be the lower purple. Even if BTC drops to its 9-10k supports I doubt that SIA will test lower red.
Green is a prediction - If SIA breaks purple, then visually, at this rate, green would form nice support to bounce from, from by the two previous intermediate lows.
MA's and other indicators removed for clarity of LINES ONLY.
Please leave a like, thought's and comments on how to improve analysis appreciated.
SIACOIN Rebound + Growth StabilitySiacoin still looks like it can expect some long term positive correlations. Their technology on how they go about data is quite impressive, and they are one of the under rated altcoins with a product. They have had negative correlations in the past, but recently became so positive and have had a fork. It looks so bullish, that you can expect some continued positive correlations for a long term growth/holdings strategy.