Siacoin held pretty well during the correction, with the 0.00000250 area working well as support, which was the previous high on Dec. We're still within a downtrend channel, however we can see some bullish signals in our 4hr chart.
We have a bullish divergence in our MACD with three higher lows. There is this huge triangle, which is a continuation pattern. If we break out to the upside, we could have a confirmation of the breakout with the price bouncing of the top purple line. We can have a price target at 0.0000075, that being the target from our huge flag, matching our 1.272 fib number, being at the same area of our previous highest point.
Daily chart:
We have a bullish divergence in our MACD with three higher lows. There is this huge triangle, which is a continuation pattern. If we break out to the upside, we could have a confirmation of the breakout with the price bouncing of the top purple line. We can have a price target at 0.0000075, that being the target from our huge flag, matching our 1.272 fib number, being at the same area of our previous highest point.
Daily chart: