Siacoin just had a hardfork today that implemented a new difficulty adjustment algorithm due to the soon release of ASIC miners. As public awareness of cheap cloud storage starts to increase and gets cheaper, it will be seen that Sia will soon grow.
A new release candidate for the long-awaited Sia client is being released this month, and Q1 2018 has announced basic filesharing, file recovery & partial downloads. Longer term will see video streaming & filesize reductions, allowing Sia to act like a TRUE CDN and be more viable for consumers and businesses.
On the graph side of things, the MACD is starting to reverse in to a bullish signal and RSI has been fairly stable but starting to increase again. Volume hasn't dropped which is a great sign for bullishness. If Sia can successfully break past the 0.236 fib level (76 satoshis) we will likely see resistance at the 0.5 fib level (90 satoshis). If Sia continues its current (short) downtrend, we will see immediate support at 70 satoshis followed by around 67 satoshis, 65 satoshis and finally 60 satoshis.
The increase in volume since the start of December is great news for Sia and I see a lot going on for Sia in the near future.
In summary, buy Sia anywhere underneath the 0.236 fib level (76 satoshis and below) and sell close to the 0.5 fib level (90 satoshis) or hold on longer.
A new release candidate for the long-awaited Sia client is being released this month, and Q1 2018 has announced basic filesharing, file recovery & partial downloads. Longer term will see video streaming & filesize reductions, allowing Sia to act like a TRUE CDN and be more viable for consumers and businesses.
On the graph side of things, the MACD is starting to reverse in to a bullish signal and RSI has been fairly stable but starting to increase again. Volume hasn't dropped which is a great sign for bullishness. If Sia can successfully break past the 0.236 fib level (76 satoshis) we will likely see resistance at the 0.5 fib level (90 satoshis). If Sia continues its current (short) downtrend, we will see immediate support at 70 satoshis followed by around 67 satoshis, 65 satoshis and finally 60 satoshis.
The increase in volume since the start of December is great news for Sia and I see a lot going on for Sia in the near future.
In summary, buy Sia anywhere underneath the 0.236 fib level (76 satoshis and below) and sell close to the 0.5 fib level (90 satoshis) or hold on longer.