Krystiannwk
做多

SiaCoin interesting price action

POLONIEX:SCBTC   Siacoin / Bitcoin
23 we can see nice GAP combined with nice doji candle holds losses and pushed pair higher. Major support/resistance area with psychological number 50(range between 50 and 44) was respected by market for a very long time. It was eventually broken by pair and tested twice during last three weeks with negative results (good bullish signal). 12th of April pair moved up very quickly and it was stopped by another GAP.

This pair is respecting Gap’s and market is treating these as support/resistance areas. There is another GAP marked with orange rectangle (60) which should hold losses, the pair should go higher and try to break 70.

I would set SL just below 44

TP levels:
1. 0.00000098 which is pretty reasonable
2. 0.000000123 which is probable but more risky
3. 0.000000166 It is possible
Thanks, following this.
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@siemka,

good if something will change I will post comment
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