Siacoin Prepares To Pullback (185% Target Mapped)

17 lug 2022

After 5 weeks of consolidation Siacoin vs Tether (SCUSDT) is preparing for a pullback.

This is marked with a black arrow.

Notice the trading volume has gone to basically zero compared to last year.

As the volume dries out the market trend can start to change.

We can also see the RSI hitting a low and starting to curve upwards...

This weeks candle is about to close in a Dragonly Doji, another strong reversal signal.

This comes after a -9 on the TD Sequential...

All these are bullish signals after a new low is hit/support.

Reversals can only happen at support.

So when the chart is super bearish;
When the market sentiment is super low;

That's when the market turns and grows.

Namaste.