Siacoin (SC) to 10 cents

On the above 1-day chart price action has corrected 80% since mid-April. A ‘incredible buy’ opportunity now exists. Why bullish?

1) Price action breakout from resistance (blue line) and finds support on past resistance.

2) Price action finds support on the 100-week EMA (yellow line). Look left, in the past this EMA has offered strong support.

3) Textbook cup & handle formation on the weekly chart. Price action breaks out of the falling wedge printing a Dragonfly DOJI candle the week before.

Target, 10 cents - calculated from the cup and handle extension.

Good luck!

WW


Weekly chart:

Trade active:

83% in 3 days - amazing. Don't FOMO, price action is well outside the Bollinger Bands on the lower time frame, wait for higher low.

Trade active:

Beautiful structure. Support on 21-week EMA + Bullish engulfing on weekly. Look left, be patient.