Siacoin update 04 October
Siacoin has been gaining momentum during this week. Volume has increased considerably. Price right now is at 121 sat. I see a small retracement taking place and could continue during today. I see 2 bearish signals what made me close my position at 124 sat.
1) Bearish cross over on the MACD 1 hr -2.46% -2.46% chart.
2) Bearish divergence between price and RSI on the 1hr chart.
I expect a retracement to the 0.5 fib or 0.618 fib levels.
Strong support by the ichimoku cloud at 110 sat and 50MA.
1) Bearish cross over on the MACD 1 hr -2.46% -2.46% chart.
2) Bearish divergence between price and RSI on the 1hr chart.
I expect a retracement to the 0.5 fib or 0.618 fib levels.
Strong support by the ichimoku cloud at 110 sat and 50MA.
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