cryptedalien

Is it worth holding SiaCoin now? Possible C&H breakout!

Long
cryptedalien Updated   
BITTREX:SCBTC   Siacoin / Bitcoin
Namaste :)

Hello everyone, Today i would like share my idea of a Cup and handle forming on the daily chart.
Targets are shown on the chart and lets hope to break ATH of 837 satoshi on the way to the moon.

Entry : 180-200 Sats

Target 1: 395 sats
Target 2: 460 sats
Target 3: 639 sats
Target 4: 800 sats

ATH: 837 sats

Let our prayers take the charts where we want it, as it is highly unpredictable generally, Anything can happen! be prepared always!

Thank you all.
Trade active:
We are reaching the apex of the falling wedge, just below 180 satoshi's, Looks like a good time to enter considering RSI at oversold area and MACD ready for a bullish crossover.

Well ideally this should be happening anytime now, but market conditions play a big role in this breakout, we have been seeing many failed breakouts across the Alt-coin market, so maybe we will see a smaller breakout and gradually over time reach our targets, so don't expect it to be a quick trade.

Thank you all.
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