Description
⋅ I shared the above chart a few weeks back for Siacoin (SCBTC)... In this update, we would like to share that SCBTC stays on the same bullish path.
This altcoin pair had a breakout recently after long-term consolidation and the chart is getting ready for more.
Right now prices are trading at the 22 satoshis (0.00000022) resistance marked by EMA10, EMA50, and EMA100.
What this means is that SCBTC can "fly" if this resistance is conquered (moving and closing above it).
- At the same time MA200 or the 0.236 Fib. extension level is working as support at 21 satoshis or 0.00000021.
- We remain strongly bullish above 19.
- We are super bullish above 21 satoshis.
- We switch to bearish if prices break and close weekly below 16 satoshis.
What's your take?
Thanks a lot for reading.
Namaste.