Technical analysis Siacoin. SC-BTC on July 15, 2018

July 16, 2018

Siacoin is also forming the downtrend wedge pattern, which indicates the opportunity to form the ground for the future growth. The currect price zone may look good if the asset breaks the upper edge of the wedge and start to form further uptrend movement. If the resistance is too strong and we may not be able to break it, we can bounce and go lower to the support at 150. If this zone doesn’t hold the market pressure, it will cancel the positive scenario and we need to catch the price on the lower levels. Don’t forget that most of alts depend on Bitcoin oscillations, be careful these days, don’t leave the markets out of your sight for a long time.

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