Im trying to see what
SCBTC
is forming with its
BTCUSD
pair.
From the first pump, it looks like it could be a Descending Triangle, since the buyers are showing nice support at 0308. But we still need to watch the price action to see which side of the triangle the candle closes.
BUT I can also see this being an awkward looking falling wedge which would be a bullish continuation.
I am looking forward to seeing if we can hold support at the 0308 level.
At the moment, it looks like Bitcoin is going on a bull run up the price channel soon so maybe that will help kick start the sia bull run as well.
SCBTC
is forming with its
BTCUSD
pair. From the first pump, it looks like it could be a Descending Triangle, since the buyers are showing nice support at 0308. But we still need to watch the price action to see which side of the triangle the candle closes.
BUT I can also see this being an awkward looking falling wedge which would be a bullish continuation.
I am looking forward to seeing if we can hold support at the 0308 level.
At the moment, it looks like Bitcoin is going on a bull run up the price channel soon so maybe that will help kick start the sia bull run as well.