SIA Coin (SCBTC) is respecting the Upward Channel it is currently in.
As we see from the chart below, the highs have uniformly respected the upper range of the channel with the lows respecting the lower range of the channel, clearly a bullish and controlled movement - ideal pattern to be trading.
In addition, the steepnesss of the upward trendline is getting higher (very positive sign) with price above all the lagging indicators adding more weight to taking a long position.
At this price 0.0000696 (at the time of this writing), this is a safe buy. Stop placed at 0.00000521
With an upside target of the Upper band of the channel at 0.0000090
Hope this helps.
Analysis by: Sean Vengan 24 June 2017
To have a larger view of the chart, just right click on the chart image and select "View Image"
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