SIa consolidating to retest 0.065 and break out
Sia reached 0.065$ 3 days ago, where many traders took profits, which caused the price to retrace back to 0.04$ zone. SIA is currently consolidating and preparing to retest the 0.06$ zone and eventually break out.
As you can see on the daily candles, the last 3 daily candles are rend with long lower wicks. The price has reached levels below 0.04$ zone, but then the bull stepped in and bought the dip. The 0.038$ level acted as a strong support.
As you can see on the daily candles, the last 3 daily candles are rend with long lower wicks. The price has reached levels below 0.04$ zone, but then the bull stepped in and bought the dip. The 0.038$ level acted as a strong support.
Comment:
Please check out my previously published idea on SIA on Feb 14 below under "Related Ideas"
