TradingView
MyCryptoParadise_Simon
Dec 20, 2023 3:39 PM

SC/USDT bullish continuation from key support?πŸ‘€πŸš€SC AnalysisΒ Long

Siacoin / TetherUSBinance

Description

β‹…
πŸ’Ž Paradisers, focus on #SCUSDT as it’s currently exhibiting an intriguing market pattern. The asset is showing signs that point towards a possible bullish movement from a significant support level.

πŸ’Ž Recently, #Siacoin faced rejection at the resistance level of $0.008155. Currently, if it manages to maintain its momentum at the key support level of $0.005809, we could be looking at a potential bullish continuation from this point. Adding to this bullish outlook is #SC strong momentum above the EMA, reinforcing the possibility of a continued upward trend from the support.

πŸ’Ž However, should #SC fail to uphold its stance at the $0.005809 support, we might need to shift to Plan B. This alternative scenario would involve anticipating a bullish rebound from a lower demand zone at $0.004939. Importantly, if it breaks below this demand level, it could signal the start of a downward trend. πŸŒ΄πŸ’°

Trade closed: target reached

β‹…
πŸ’Ž Just like clockwork, #SCUSDT is tracing our forecast, hitting that sweet 79.59% growth mark

Comment

β‹…
Comments
WalterMoon
β‹…
I don't think like you, because after SCUSDT can rise one more and then continue to decline to the 0.0060 levelπŸ‘€
Youdan
β‹…
Really appreciated your analysis on Sia Coin! it was spot on. Given the scarcity of insights on SC, your thoughts are quite valuable. Would love to see a new updated take on SC when you have a chance. Thanks!
Leo-btm
β‹…
awesome
More