Siacoin (SCBTC) Breaking Resistance (Quick Short Term Update)

We've been following Siacoin (SCBTC) for quite a while now anticipating its next bullish wave.

Siacoin (SCBTC) is a very stable altcoin and best it can generate really massive profits, moving up 3-5x easily in a matter of weeks when it starts to move.

Now, it hasn't been able to break above EMA50, which is the magenta line you see on the chart.

Each time this resistance was challenged SCBTC moved down.

EMA50 is being tested again and it is looking like it will completely break this time, which can send SCBTC flying up.

We have the MACD now at the neutral zone and trending up.

The RSI is sitting strong at 58.

Trading volume keeps increasing and SC is now trading above EMA50. Needs to close and remain above it in order for this signal to be confirmed.

SCBTC Tested 61 satoshis as support since the 2nd February and the level held nicely. Yesterday it touched 61 satoshis and today it is sitting at 67, a 10% increase and a high volume breakout above EMA10 and EMA50.

Siacoin is looking bullish again.


If the bulls follow up on this attempt at a breakout, you can check our FULL LONG TERM trade for Siacoin (SCBTC) here to trade it for profits (800% Profits Potential):

Conditions for change: If SCBTC moves down and closes below 61 satoshis, the above short term signals are invalidated. Still, a bounce is very likely to happen at the next support.

We remain bullish LONG TERM for Siacoin (SCBTC).

Thanks a lot for reading and remember to hit like...


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Comment:

+10%. You can expect more from Siacoin (SCBTC) in the future.