expecting a break out near 460.
zoomed in on the local peaks/dips, sia tends to bounce off 50% fib lines, seems about in line with 460 being a 50% fib level for the overall chart. Buying now at 480 wouldn't be terrible either given that we lie on the kijun. Can just cost average your way to 460.
not sure if it quite fits the elliot wave, but I left that up there as a side thought. If it holds, then we'd be in correction wave A and would expect a bounce back to 600-700 sats for a possible head and shoulders formation (wave B) before correcting to 300 sats for a full wave C. The C clamp on the ichimoku does look like it needs correcting.
zoomed in on the local peaks/dips, sia tends to bounce off 50% fib lines, seems about in line with 460 being a 50% fib level for the overall chart. Buying now at 480 wouldn't be terrible either given that we lie on the kijun. Can just cost average your way to 460.
not sure if it quite fits the elliot wave, but I left that up there as a side thought. If it holds, then we'd be in correction wave A and would expect a bounce back to 600-700 sats for a possible head and shoulders formation (wave B) before correcting to 300 sats for a full wave C. The C clamp on the ichimoku does look like it needs correcting.
Comment:
RIP wedge, it went straight for the full correction