SIACOIN/BTC-Daily-Bullish descending wedge filling towards apex.
One of my favorite projects, SCBTC, is seeing a beautiful descending wedge, heading to the 80-40 satoshi range. Declining volume, along with a declining RVGI might show signs of a trend reversal as we near apex. What may pull SCBTC out of this wedge sooner is the public release of RC 1.3.2 and sticking with their timeline(trello.com/b/Io1dDyuI/sia-feature-roadmap), especially the releases in the medium term. Might be another big pump this year for SCBTC after further consolidation from its high. Although I am bullish long term for SCBTC, the potential for it to go lower has me waiting for a better price point.
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.