I have been watching Siacoin's price correction after the large gain last week I am wondering what everyone's opinion is on where this coin will go. I am a beginner at technical analysis so any expert opinions would be greatly appreciated.
Siacoin has been trading in a pretty well defined channel since the beginning of today but after looking its price history I am wondering if this coin will continue to trade around 50 and 60 Satoshi.
I do think that now would be a great time to buy in as a long term investment but I'm curious as to when another pump will happen.
First thing you have to realize about cryptocurrency markets is that the price action is mainly driven by news and release dates. Siacoin's dev team has been relatively quiet lately as they continue to expand and improve their project (slowly). They have said themselves that they don't want to hype their coin and ruin their reputation before their product is even ready to go mainstream.
Where are some of the best places to get news on different coins?
Any coin I find interest in I follow on twitter and also favorite on Tradingview. The Steemit community also has good posts, but where would you catch important news almost as soon as it is reported?