PatrickHob

Siacoin to revisits 0.03580 then...

Long
PatrickHob Updated   
KRAKEN:SCUSD   Siacoin
SC to revisits the 0.03580 before the continuations upwards.
trade at your own risk
Comment:
Ok guys, we are entering the final push down may be for more liquidations to buy as much as they can from the weak hands. I set my buy limit at 0.035 but i will monitor the situations, anything below 0.034 is a good buy. If you can catch the bottom, more profit for you but really don't be greedy like me. good luck
Comment:
4 hrs chart still not oversold yet, here is below the graph to watch.
Comment:
Comment:
here is the support line to watch I expect the first line 0.0332 to hold but it's all depend on Bitcoin if it does hold the $52300. If the first line doesn't hold the next major support line around 0.031ish
Comment:
BTC is showing strong buying demand, we could see the reversal start from here, but there is still a possibility to continue downwards a bit more. You can buy partially here and add more in dips. Trade safe.
Comment:
Things to watch, BTC did not bounce yet, I expect BTC to stay sideways for a bit in that range of 54k and then eventually may lose the 53250 (if not a reversal may happen from that price 53250) and breakdown to 52368.It's important for BTC to bounce from there 52368 and give us a Higher low for confirmations for the reversals to start. That been said, Siacoin will follow that pattern, it should touch down the 0.033 and reverse from there. Now what if BTC doesn't hold 52368, than next support line is 51048 and for SC is 0.0313
That's it for the short term.
Comment:
Crossing the 55150 for BTC, is confirmation of a reversal to buy, apply to all coins.
Comment:
Comment:
SC reached it's first target 0.05, next target is 0.058, needs to consolidates a bit now to 0.042 and than boom.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.