Siacoin (SC) - potential bottom + EASY 60-300% PROFIT.
Fundamentally:
Siacoin has been listed on Binance - there were talks of this in December but the CEO stated that he did not like Binance's T&Cs as SC wants to stay as decentralised as possible. However, due to binance wanting to create more decentralisation, SC has now been listed. SC also has very strong fundamentals.
Analysis:
As you can see on the chart we are in the accumulation zone. Volumes will increase dramatically due to the binance listing. As BTC consolidates at 6.6k before a potential further movement up to 6.9k, we will see altcoins move up. Siacoin has HUGE profit potentials.
MACD supports further upwards movement with a potential bullish crossover as does the stoch RSI.
When SC runs upwards it runs up VERY quickly.
Buy in price: 200-220 satoshis, can buy in at higher prices if BTC doesn't drop dramatically.
Stop loss: 190 satoshis.
You can take profits in the yellow box, I would recommend taking a percentage of your profits and waiting for the triangle to break, if we break upwards then we can begin to see close to ATHs which is 300%+ PROFITS.
Siacoin has been listed on Binance - there were talks of this in December but the CEO stated that he did not like Binance's T&Cs as SC wants to stay as decentralised as possible. However, due to binance wanting to create more decentralisation, SC has now been listed. SC also has very strong fundamentals.
Analysis:
As you can see on the chart we are in the accumulation zone. Volumes will increase dramatically due to the binance listing. As BTC consolidates at 6.6k before a potential further movement up to 6.9k, we will see altcoins move up. Siacoin has HUGE profit potentials.
MACD supports further upwards movement with a potential bullish crossover as does the stoch RSI.
When SC runs upwards it runs up VERY quickly.
Buy in price: 200-220 satoshis, can buy in at higher prices if BTC doesn't drop dramatically.
Stop loss: 190 satoshis.
You can take profits in the yellow box, I would recommend taking a percentage of your profits and waiting for the triangle to break, if we break upwards then we can begin to see close to ATHs which is 300%+ PROFITS.
Comment:
Stop loss hit, yellow zone is the buy zone for a portion of SC. I still think this is close to the bottom, we just have to wait for a breakout.
Big ooft