Here is a short-term analysis on where I think the SIACOIN (SC) market is heading.
Overall, SC is consolidating and has the potential to break out of its 0.00000415 btc high (yellow line). But before that let's take a look at the possibilities of how it's going to get there.
There are two predictions that I would like to make (red and purple lines).
The red line - breaks out of the triangle of its downward trend and continues to go higher towards 0.000004's high (yellow line).
The purple line - breaks out of the triangle but continues its downward trend towards its 0.0000028's low (blue line) but will regain enough to break out of the triangle and head towards 0.000004's high (yellow line).
Please subscribe and feel free to comment on where you think SC is heading.