Siacoin has fallen into the demand OB and bounced perfectly at the bottom before rising back above the midline. We have broken below the trendline support and currently finding it hard to close above.
EMAs have started to curl over but price has been so far supported by the lower EMA. If we can get above the upper EMA, we could retest the local highs and possibly make a run up to the supply zone. This dip could have been the pullback we needed to be ready to test higher.
Stops would be placed below this SFP to mitigate risk if you are long.
Thanks guys
EMAs have started to curl over but price has been so far supported by the lower EMA. If we can get above the upper EMA, we could retest the local highs and possibly make a run up to the supply zone. This dip could have been the pullback we needed to be ready to test higher.
Stops would be placed below this SFP to mitigate risk if you are long.
Thanks guys