Siacoin has had some substantial growth the past few days. This chart shows some entry points as to when might be a good time to buy.
I've showed the entry points with a green arrow. Wait until the candles hit 0.5 fib and bounce back. If it does, then it would be a good idea to buy some here. However, I'm thinking it can dip below that and hit the 0.618 fib. So if it going below 0.5, wait until it gets to 0.618 for entry.
What we're looking for here is for the MA to flatten and MACD getting ready to cross. If the candles dip below the BB, then chances are it'll bounce back up to the MA and if the MA hasn't flattened, then there's a good chance the candles will continue to dip.
I've showed the entry points with a green arrow. Wait until the candles hit 0.5 fib and bounce back. If it does, then it would be a good idea to buy some here. However, I'm thinking it can dip below that and hit the 0.618 fib. So if it going below 0.5, wait until it gets to 0.618 for entry.
What we're looking for here is for the MA to flatten and MACD getting ready to cross. If the candles dip below the BB, then chances are it'll bounce back up to the MA and if the MA hasn't flattened, then there's a good chance the candles will continue to dip.
Comment:
Looks like it dipped below 0.5 fib. Let's see if it hits 0.618 and stays there.
Trade active:
Dipped below 0.5 fib and was instantly rejected to find support right at 0.5. Flattened out for a few hours and bounced right back up! Still expecting it to move up further so hold if you have SC.