SCUSDT NEW RALLY? BULLISH TREND

SCUSDT NEW RALLY? BULLISH TREND

Hello Traders,

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SC is trading in a symmetrical triangle since April 2021 on our 1D time-frame chart, our EMA200 is acting as an dynamic support holding the price up , buyers are showing strength since mid September , good buying volume is starting to rise we would like to see a breakout from our triangle around 0.0245$ with a daily close candle confirmation which show us that buyers could take the price higher breaking our old R/S 0.03314$ – 0.04174$ .

– Based on our 4H time-frame chart, price action is making his way in a decent ascending channel making new higher lows with an increase volume .

-Stochastic indicator is showing positive sign , price is in buy zone territory

– I am overall bullish on the long-term for SIACOIN , from a technical perspective and fundamental side ( check the main 3 reasons down below )

( Fundamental Analysis ):
1-A cost-effective cloud-storage solution
2-Peer-to-peer storage solutions
3-Security is paramount

Good luck Sia lovers!