Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT _____
It's my first time to make a technical analysis on this coin as someone request for a TA on this. It seems like, I found something interesting in this chart. Not because of potential gains that can be derived with but because of it previous historical price action which make me think that this coin had been for 6 years now. Maybe fundamentals is build much now on that span of time. I'm still searching in web the potential of this coin for future uses. For now, I can't find any reason on why it can go as high as $ 58.55388 or 1.618 Fibonacci or the large Wave 3 price target. Currently, the price is at $ 0.01885. So, a lot of buying power is needed to reach the target price. As I notice, many institutions already accepting this coin as a mode of payment on their services. I watch some videos on Youtube that the coin's blockchain is used as a cloud storage of various files. I know cloud storage is every popular these days. Aside from that, you can crypto mine this coin (if you have a miner). On the fundamental side, I still need more research to support this technical analysis. As always, NOT A FINANCIAL ADVICE. _____
Technical Analysis The monthly and weekly timeframe is very interesting. There is a great potential that this coin is gearing up for a prolong bull market for at least 2 years. For now, it needs to break the previous All time highs in 2018 for a greater upside. All information is in the chart. Just zoom it and analyze to know the details.
Elliot Wave This coin has very good historical price action. Made an extreme gains and extreme losses in every waves. So, in short, this coin is very volatile. So, be careful.
Monthly
Weekly
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4HR & 1HR _____
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
This coin was the Blockchain for Skynet to be built upon, and is still Skynet's storage foundation. Skynet is Web 3.0 AI-driven Internet.
wvt220676
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Could you please give an update. Much appreciated
Signal_Forex
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I agree
lion4499225
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Now it looks like it's time to buy a strong coin like EGLD
But I find that the nature of this market is that low priced coins can always produce surprising PUMPS.
So I have a lot of curiosity about sc, so I searched the Internet for analysis, it is true that some people say that the cup handle, his concept of cloud storage fundamentals is very similar to FILCOIN
Do you know how to use Elliot Wave Principle in your Technical Analysis?
I'm just wondering.
Bye.
lion4499225
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@Ryzen7, I will only be very simple to count the large waves and small waves, many combined wave type I am still learning to interpret him ,Regarding the technical analysis issue, I will make a decision on my own investment, thank you for the reminder,I'm sorry if there are impolite places, because my English is not very good