Siacoin had a monster day 2 days ago when it rose 30% and today it contiued to the upside. Here is the daily chart:
Comment: What is good here is that we are already above the bollinger band median and we have also crossed the 2 important trendlines as you can see from the chart.
Now, we could take a breather tomorrow and go back and retest the upper trendline, but we could easily just go straight up here, that is why I like this setup.
My next target here would be 565 satoshi and in terms of an exit price, that would be around 390 satoshi.
Finally, I want to mention that you need to watch Bitcoin, it had a neutral/bullish day today so make sure that it does not go down again because that could quickly change Siacoin and most other altcoins as well.
Happy trading!
I haven’t been following this one. Will check out your video now 👍
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Habla, blah blah blah blah blah, Español for my bunghole...
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Thanks for sharing, freelover!
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good news, the decline in BTC there was a commotion in almost all countries, @freeforever
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seems to me like the perfect place one can get in from that's a solid base
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I’m gonna start a position! I didn’t know much about this one but I’m jumping in
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Close below $390 abs bail ? Sounds like a good plan although I could see this blowing past 565 level for sure! Id hate to see $380 close then bail and see it shoot up right after. I’d have a lower sell spot...good chart breakdown my friend👍
I’ll check back for more videos and i’ll Spread your stuff!
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Thank you for the good information
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Haven’t been following siacoin... the post was informative. An upvote of my comment isn’t gonna be bad only if you are willing
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