SIA coin has seen insane returns since early December, but it has retraced hard. Going through social media a lot of people seem to think Sia has bottomed, and now its "to the moon:, but let's take a look at the charts.
1.) HAS NOT HIT STRONG SUPPORT LEVEL YET
-If we look at the image above we see that the strong support lies in the yellow box, and it has yet to retest this area. I would like to see some type of re-test for confirmation/entry.
-remember that this coin has tradered for under 100 satoshis for a long time before early December 2017.
- BULLISH SQUEEZE OF CONVERSION AND BASE LINES
-Though there hasn't quite been a TK cross confirmation, the conversion (blue) and base line (red) are flirting with bullish divergence. If that occurs we can get a good entry signal for possible short-mid term hold. Let's zoom in.
So has SIA bottomed out?? My guess would be, no. I'm looking for a successful retest of the yellow support area for confirmation first.
TWITTER: twitter.com/southparkcrypts
YOUTUBE:
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BTC TIP JAR:
14soFE4yTKHZTE1aRUcXmTTeRmN3RLba4j
LTC TIP JAR:
LP5x8JpLYHratX6LVNY9sNUnUy3SL57CqN
ETH TIP JAR:
0x359637a4197D7ec9787DFaAE2316C55b943C3ECF
****NOT FINANCIAL ADVICE ONLY OPINIONS BASED ON TECHNICAL AND FUNAMENTAL ANALYSIS!!!!****