SiaCoin Following a 4hr downtrend, but overall still following a daily uptrend. MACD movement is weak and shows price divergence. The RSI is about to be oversold. Major support is at 200MA, or BTC .00000341 area, and is likely to continue upwards after it touches that area. Although with the new BitMain A3 Miners, that could flood the market with more SiaCoin’s, so we’ll see how that works out in the next week or two. Currently I believe its still bullish.
Disclaimer: This is my, Lee's Investment, own analysis of the CryptoCurrency chart(s). These are not to be taken as Certified Financial Advisor positions. Take these trades at your own risk. Lee's Investment, is not a certified advisory firm, and is only providing information for educational purposes. You are required to perform your own due diligence to take these trades. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
