We are looking at really nice and clear structure on SiaCoin against BTC. We are tracking wave 4 correction, because of perfect 261,8% Fibo. extension of wave 1, which is ideal for impulsive wave 3. From January 06, we can see slow sideways move within three waves w-x-y down, back to ideal 38,2% Fibo. retracement and also test of channel resistance line.
SCBTC
actually found perfect support at psychological level 0.000004 for wave 4, so we expect more upside in coming days into wave 5 towards 0.000008-0.000009 levels. If from any reason drops below 0.00000278 invalidation level, then we may adjust the view.
SCBTC
actually found perfect support at psychological level 0.000004 for wave 4, so we expect more upside in coming days into wave 5 towards 0.000008-0.000009 levels. If from any reason drops below 0.00000278 invalidation level, then we may adjust the view.
Comment:
Comment:
SiaCoin made deeper pullback in wave 4 against BTC, but still looks bullish especially now when we see broken channel resistance line and five waves up. So, sooner or later we expect higher levels within five waves into wave 5 towards 0.000009 level.
Comment:
SiaCoin still trading lower, but we still think it's a part of correction as long as it's trading above 0.0000028 invalidation level!