SIa consolidating to retest 0.065 and break out
Sia reached 0.065$ 3 days ago, where many traders took profits, which caused the price to retrace back to 0.04$ zone. SIA is currently consolidating and preparing to retest the 0.06$ zone and eventually break out.
As you can see on the daily candles, the last 3 daily candles are rend with long lower wicks. The price has reached levels below 0.04$ zone, but then the bull stepped in and bought the dip. The 0.038$ level acted as a strong support.
As you can see on the daily candles, the last 3 daily candles are rend with long lower wicks. The price has reached levels below 0.04$ zone, but then the bull stepped in and bought the dip. The 0.038$ level acted as a strong support.
Note
Please check out my previously published idea on SIA on Feb 14 below under "Related Ideas"
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.