Siacoin : One simple clean chart can show more than 1000 words..
While we are bouncing between support and resistance, sia is looking strong on the bigger time frames.
Supp. and res. lines are getting closer towards each other,in a symmetrical triangle.
price is also making a sort of inverted head and shoulders pattern between those support and resistance lines.
For now it looks like, everytime the rsi crossed 70 , we get a quick and strong price movement.
If we break , and retest the 0.02 resistance area as our new support,
the higher pricetargets , around 0.30 cents are coming into play.
correct me if i'm wrong , but if bitcoin stays bullish , this is what we are looking at on the monthly chart..
i also overlayed the 2016 - 2021 bars pattern , to show what sia's price did in the past.
After that, i stretched the blue bars pattern out just a little , to account for the exponantional growth of the whole crypto industry.
off course there also should be a fib , and some moving averages, but i wanted to keep the chart as clean as possible, to show the expected price action most clearly.
as always ,
-always use a stoploss
-never trade without charting first
-never invest any money you cannot afford to lose !
-my charts are not financial or investment advise
-my warnings are.
Supp. and res. lines are getting closer towards each other,in a symmetrical triangle.
price is also making a sort of inverted head and shoulders pattern between those support and resistance lines.
For now it looks like, everytime the rsi crossed 70 , we get a quick and strong price movement.
If we break , and retest the 0.02 resistance area as our new support,
the higher pricetargets , around 0.30 cents are coming into play.
correct me if i'm wrong , but if bitcoin stays bullish , this is what we are looking at on the monthly chart..
i also overlayed the 2016 - 2021 bars pattern , to show what sia's price did in the past.
After that, i stretched the blue bars pattern out just a little , to account for the exponantional growth of the whole crypto industry.
off course there also should be a fib , and some moving averages, but i wanted to keep the chart as clean as possible, to show the expected price action most clearly.
as always ,
-always use a stoploss
-never trade without charting first
-never invest any money you cannot afford to lose !
-my charts are not financial or investment advise
-my warnings are.