Siacoin is indeed a great project that one day could pay off big time. As it continues to trade near the very bottom, with the current price standing at $0.014, the growth potential is truly enormous.
Since 18th of March, after hitting the bottom at $0.0082, SC/USD started to move higher producing higher highs and higher lows, while at the same time breaking above the 200 Moving Average. Siacoin reached $0.016 high and corrected down to 50% Fibonacci retracement level that has been rejected together with the 3/1 Gann Fan trendline.
It seems that $0.012 is a strong demand zone and the very beginning of the long term uptrend. Perhaps such a low price will never be seen again. Of course this is pure speculation but it certainly can become the reality.
Since 18th of March, after hitting the bottom at $0.0082, SC/USD started to move higher producing higher highs and higher lows, while at the same time breaking above the 200 Moving Average. Siacoin reached $0.016 high and corrected down to 50% Fibonacci retracement level that has been rejected together with the 3/1 Gann Fan trendline.
It seems that $0.012 is a strong demand zone and the very beginning of the long term uptrend. Perhaps such a low price will never be seen again. Of course this is pure speculation but it certainly can become the reality.
Trade closed: target reached
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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.