siacoin Technical Analysis- siacoin Latest UpdateWe are doing Analysis of SCBTC on Daily Timeframe .
Siacoin follow Head And Shoulders Pattern
With the Help of trend line , I have made trend line
Support and Resistance Levels
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
SCBNB
There is a possibility for the beginning of an uptrend in SCBNBTechnical analysis:
. Siacoin/BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000680 to 0.000610). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000680)
Ending of entry zone (0.000610)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000790
TP2= @ 0.000870
TP3= @ 0.001000
TP4= Free