Lots of things pointing to the .00000900 area as the next target. We've got a channel, cup & handle , bull flag , and all the targets meet at the next fibonacci line.
I'm as confident in this one as I get. I'm already holding so I'm not looking for any particular breakout point, but I'd say now is as good a time as any if you're looking to get in. There's even a mini cup & handle breaking out right now on shorter timeframes.
Even if it doesn't work out for some reason, Sia is still a great hold - so I don't feel shy about highly recommending a buy right now. Good luck!
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Posted another idea about the smaller cup & handle I was talking about:
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My other shorter term targets were met (see my other ideas), everything's looking good for the 900-area target.
There are a couple ways of looking at the recent price movements.
You could interpret it as another cup & handle on an angle that's already broken out, like this:
which would have a target that basically matches my original idea of around 900 satoshis.
OR you could see it as a new cup that's waiting for another handle, like this:
which would have a target just above 1000 satoshis.
Not sure which way it’ll go, but just pointing it out so that nobody freaks out if it decides to drop to the mid 600’s again - that might just be another handle forming.
If you’re a hodler, just keep hodling. But if you’re just doing some quick trades, the more conservative move would be to sell now and wait for it to either drop to form a handle, or wait and see if it significantly breaks past 750 or so and buy back then.
Good stuff. My own charting is pointing to 900 as a target at the golden ratio too. I'd expect some correction from that point before moving on to the next leg up.
Oyeludef
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Alright. Fingers crossed
aakashbit
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SC Going down to 490 then if support remains will not fall further, and then off to 900+ as TP1 and then 1650+as TP2
Oops_I_Charted
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@aakashbit, I'm assuming you're saying that because you think it'll test the channel again? I don't disagree, that's possible. But I think there's a stronger possibility that it won't, and will keep going up from here. I wouldn't be super surprised if it did test 490 like you say but I'm leaning towards up :) We'll see!
aakashbit
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@Oops_I_Charted, if it crosses 600 today then TP1 is 750, with the hope that it continues further.