husseinha

SIACOIN AT 78,6% FIB LEVEL

POLONIEX:SCBTC   Siacoin / Bitcoin
THIS IS NICE BUY ZONE IF IT BOUNCE, THE PRICE IS IN PARAREL CHANNEL WITH PRICE CONTRACTION, THIS HAVE TO BREAK THE 161 SAT TO BREAK THE FIRST CHANNEL AND NEXT IN 215 SAT TO CONFIRM THE CUP&HANDLE

MY OBJECTIVE OF CUP&HANDLE IS 600+ SATOSHIS SO LETS BUY AND HOLD WAITING THE CONFIRMATION OF THE CHANNEL BREAKED

HAVE A NICE TRADE!
The handle broke under the neck line rendering the cup and handle invalid....

It is now a downward wadge channel...with very little support and trade volumes...unless Bitcoin triggers an altcoin craze again...we will see it fall below 100 sats as bitcoin recovers. Remember that alts surge once enough money is flowing through bitcoin/ethereum for some coins as well. Until the Bitcoin market and Ethereum Market recover...alts will continue to drop relative to their market pair.
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husseinha Rquin1012
@Rquin1012, the trendline was broke but not confirmed in the 4h and 1d graphics, the cup&handle is valid

the price is going to break now the downtrend line, lets wait some days to confirm, if we see a volume and price increase breaking the line, the first objective will be about 160 satoshis, and this can start the uptrend price waves

sorry for my bad english, lets wait few days to confirm!
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Muy buen analisis, buena entrada y buena proyeccion
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husseinha monymonky
@monymonky, gracias por tu comentario!
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