SC - Buying zone? Long

Siacoin / BitcoinPoloniex

Description

⋅ Aug 23, 2017 7:28 PM

SC is currently at a retracement stage. It seems to hold on 0.883 line. (retracement from Elliott wave)
It might not break out right now but this seems to be a good buying zone.
Consolidation could be on.
Let's see what happens

Comments

Shizof

⋅ Aug 23, 2017 7:33 PM

This is not Elliot-wave, it's bearish three-drive pattern. Do some research.

Ox1

⋅ Aug 23, 2017 7:46 PM

@Shizof, you think it would drop below 150?

Shizof

⋅ Aug 23, 2017 7:53 PM

@Ox1, No, I think it's up from here.

Scratchette

⋅ Aug 23, 2017 8:33 PM

@Shizof - not so sure about that. Three Drives pattern would start on May 17th but ratio are a bit off; especially for drive 3.
Anyway, it should go up that's good news :)