SC has seen a major correction and is now looking to establish support on previous key levels, Support level has held and we saw a nice reaction from these levels confirming the support.
Updates and additional charts will be posted in the updates below
We can see the following major bullish signs form on SC/BTC
- Daily bullish divergence
- Weekly bullish divergence
- Daily bullish engufling candle
- Falling wedge with ending wave diagnoal
- Trendline support
- Horizontal support zone (we would have to look at bittrex or poloniex chart in order to show this, so it will be posted below)
Note: Also major SC/ETH supportzone (will post chart below)
Updates and additional charts will be posted in the updates below
We can see the following major bullish signs form on SC/BTC
- Daily bullish divergence
- Weekly bullish divergence
- Daily bullish engufling candle
- Falling wedge with ending wave diagnoal
- Trendline support
- Horizontal support zone (we would have to look at bittrex or poloniex chart in order to show this, so it will be posted below)
Note: Also major SC/ETH supportzone (will post chart below)
Comment:
BIttrex SC/BTC with the major supportzone on SC/BTC.
Also showing the full wave cycle of the ending wave diagonal nicely
Also showing the full wave cycle of the ending wave diagonal nicely
Comment:
SC/BTC weekly showing bullish divergence aswell
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
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Major horizontal support zone and bullish divergence on daily and weekly