The big picture on the left paints a fairly simple story... we broke out of the the horizontal range, and have retested the previous resistance for support. So after some consolidation, you would expect continuation to the upside. A 1.6 extension of wave 1 takes you to 160. And a 4.2 extension is way up there at 400+ sats. So there's plenty of potential here.
Short term; we're right on the brink of a sideways break of this steep diagonal downtrend line. History suggests a good 10+days of sideways chop after that. And then we should start climbing back up the fib levels to resume this overall bull market up-trend. I don't know whether that'll be a gradual process, or we just do it in 24hours again and shoot to 100+ randomly.
Just bare in mind that there might be some short term hanky panky that could dip SC back down to 36-40sats. Use any such opportunities to build your positions. As long term this is a nice project, with active development and live products.
Short term; we're right on the brink of a sideways break of this steep diagonal downtrend line. History suggests a good 10+days of sideways chop after that. And then we should start climbing back up the fib levels to resume this overall bull market up-trend. I don't know whether that'll be a gradual process, or we just do it in 24hours again and shoot to 100+ randomly.
Just bare in mind that there might be some short term hanky panky that could dip SC back down to 36-40sats. Use any such opportunities to build your positions. As long term this is a nice project, with active development and live products.
June 16th is a possible date;