Siacoin Looks Like a Long to Me

Hello Traders,

Siacoin is holding the trendline on SCUSD Poloniex and even looks like its made an attempt at a set of small impulse waves.

SCBTC chart also is showing bullish divergence on the daily.

Based on this i will open a long with a tight stop on the trendline.

تعليق:

Its been 8 days since I published this Siacoin idea. Having another look at the charts now it is dangerously close to the support trendline on the USD pair chart.

The BTC pair chart looks rekt but it is continuing to print more bullish divergence.

Seeing as its on the support trendline and the BTC pair is printing good bullish divergence you would think this would go up but with BTC looking like its ready for another drop I dont know if its going to take everything else out as well.