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Aadil1000x
May 2, 2021 6:16 AM

SCUSDT: Keep breaking new highs Long

Siacoin / TetherUSBinance

Description

Hello traders!

It looks like SC somehow managed to create a loop that keeps breaking new highs. The current formation is also the same as previous ones which means a new high is coming soon.

I started all the trendlines from 29 Jan which is the base of all trendlines. Every new high is the breakout of the base High + previous high's trendline. After making new high Market moves own in a correction form which can be seen very clearly. Once it breaks the correction it runs to Make a new high. In the current scenario, correction is already broken and it is heading towards a new high.

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Comments
azhaq2015
Hi Aadil !!! do you think the breakout is still valid in near future?
Aadil1000x
@azhaq2015, @rasamz, It's looking strong bullish, it can jump.
rasam-
Thank you for your analysis. Do you think it is still valid?
Aadil1000x
@rasamz, Market needs some retracement then it's good to go.
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