Hey, I am back with another Technical Analysis, this time looking at Siacoin.
Siacoins project is about building cloud storage based on Siacoin currency which can be very cheap in comparison to other cloud storage providers.
Okay, so that was about Siacoin in short, lets just look at the chart.
You can see Siacoin have here many downtrend and uptrend lines.
There is also a overal downtrend and overal uptrend which are about to traverse.
What is important for Siacoin to be in uptrend and follow my drawn prediction?
Well Siacoin has to always find support at this overal uptrend, also RSI on daily cannot break below 40, or it may like to 38-36 but its needs to bounce immediately, currently in downtrend headed to retest 180 support and overal uptrend level, where it needs to bounce off to remain in overal uptrend.
Needs to break EMA and than 50MA, but that will happen in meantime, the thing to focus at now is that Siacoin needs to find support always at this overal uptrend.
RSI uptrend would be lovely.
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel!
Hope I made your view on whats going on with Siacoin somewhat clearer.
If you like this Technical Analysis let me know in the comments, Likes are aprreciated, Thanks !
If this chart gets a bit of attention and I would see something worth to share on the chart I will surely do an Update.
Siacoins project is about building cloud storage based on Siacoin currency which can be very cheap in comparison to other cloud storage providers.
Okay, so that was about Siacoin in short, lets just look at the chart.
You can see Siacoin have here many downtrend and uptrend lines.
There is also a overal downtrend and overal uptrend which are about to traverse.
What is important for Siacoin to be in uptrend and follow my drawn prediction?
Well Siacoin has to always find support at this overal uptrend, also RSI on daily cannot break below 40, or it may like to 38-36 but its needs to bounce immediately, currently in downtrend headed to retest 180 support and overal uptrend level, where it needs to bounce off to remain in overal uptrend.
Needs to break EMA and than 50MA, but that will happen in meantime, the thing to focus at now is that Siacoin needs to find support always at this overal uptrend.
RSI uptrend would be lovely.
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel!
Hope I made your view on whats going on with Siacoin somewhat clearer.
If you like this Technical Analysis let me know in the comments, Likes are aprreciated, Thanks !
If this chart gets a bit of attention and I would see something worth to share on the chart I will surely do an Update.
Note
Note
Note
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.
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.