A sweet Falling Wedge pattern is here and already broke out. The market currently testing it's resistance and hodling it's support. Targets already given.
A bullish divergence is also there in longer time frame.
Your trade from this point til 5-15% with tight Stop-loss below trend line around 4-5% or up-to your capacity.
Technical analysis:
. SIACOIN/BITCOIN 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 49.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There...
Technical analysis:
. SIACOIN/BITCOIN is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. The price is in a range bound, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support...
