Sia Coin (SC) Technical Analysis – Sell Targets
Bitoinik team come up with a new technical analysis (TA). Here is the technical analysis of Sia Coin (SC). SC ranks 57th on coinmarketcap. The coin is now trading at 68 sats. This is a mid-term analysis.
Falling wedge pattern is found on the 1-day chart. The falling wedge pattern is already broken out upside. The wedge upside line is now working as support. Sia coin will face a small resistance around 71-73 sats.
Those who are willing to take new entries can buy around 66-68 sats. The selling targets are 72 sats and 77-78 sats. Try to book partial profits. Good opportunity for a 5-15 percent profit. A tight stop-loss is must.
The long term target for SC coin are 150-400 sats. The long term charts are looking good. Bullish divergence is also there on long term time frame.
The charts hint that we are near the bottom and soon a new bull rally will start. This is not financial advice. This is only for educational purpose.
Risk warning: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Bitcoinik team will make best efforts to choose high-quality coins, but will not be responsible for your investment losses.
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