theCrypster

SCUSD - Rejected by Trend Line & Broken Below Support

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KRAKEN:SCUSD   Siacoin
There's a few lines on this chart, all of them are relevant. We've got 2 clear descending trend lines which Siacoin has recently tested simultaneously and been rejected by them both.

After this rejection we've seen the price descend through layers of support (a historical consolidation zone, to be exact) and now we're left hanging off the underside anticipating a 20-25% price decline.

This is great news for us as we've received a Short signal from Crypto Tipster v2, bring on the drop!

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