The Siacoin SCUSD cryptocurrency price has four growth sub-waves. In the current situation, there is one more wave missing to complete the overall wave progression of the higher degree - wave 5. If the 0.0504 level is the end of wave 4 correction, the target range for wave 5 is between 0.1538 - 0.2167.
The necessary condition for further increases is the break out of the technical resistance level at 0.1132.
On the other hand, any violation of the level of the 0.0410 level invalidates the upward scenario.
TREND AND IMPORTANT LEVELS:
Main trend: UP
Intermediate trend: UP
Daily trend: DROP / NEUTRAL (continuation of the correction and the option of breaking)
KEY LEVELS:
- for further increases - level 0.0838 and later 0.1132
- for continuation of correction - level 0.0838 and 0.05040
- for continuation of decreases - 0.0410
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Steady as we go. The price is still in a channel, approaching the upper trend line. Needs an impulsive breakout to trigger wave one. Patience.
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Not much change here. Still in the channel. Watch the level of 0.0504.