Siacoin vs Tether Long-term Bullish (Weekly TF Analysis) Long

Siacoin / TetherUSBinance

Description

⋅ Nov 27, 2021 10:59 AM

We are looking at Siacoin vs Tether (SCUSDT) this time long-term.
7 days per candle; Weekly.

The bullish bias is becoming stronger.

This week we high a higher high compared to late August.
This week we have the highest volume since April.
SCUSDT price weekly is above EMA10, EMA21 and EMA50.
The MACD is in the bullish zone and curving up.
The RSI is above 60, weekly this is super strong.

All these are bullish signals.
The more bullish signals, the higher the potential for this to grow.

I also mapped multiple targets, support levels and the chart pattern (ascending triangle) currently in play.

Thank you for reading.

Namaste.

Comments

Jova-A

⋅ Nov 27, 2021 11:12 AM

I also like you Siacoin vs BTc chart, appreciate it 🙏🏻
BooM Shankar

AlanSantana

⋅ Nov 27, 2021 7:05 PM

@JovaA, Thanks for the support.

baranosh211

⋅ Nov 28, 2021 8:52 AM

the siacoin is in higher high and in 5th waves in weekly period then it's will be breakdown canal for correction. I don't know why do you telling us for taking long.

R12hit

⋅ Nov 28, 2021 8:05 PM

@baranosh211 i think correction will be small..but overall still looking bulliesh

vladocher

⋅ Nov 27, 2021 5:17 PM

Hello. The chart is in logarithmic scale while your fibs are not based on log scale. Why? If you check the box "Fibs based on log scale" the targets for 1.68 and 2.2 fib are 0.23 0.95 respectively. I observed that in the past Siacoin is respecting the log fibs levels. All the best

AlanSantana

⋅ Nov 27, 2021 7:06 PM

@vladocher, I've never configured the figs for log scale but the still work.

I will try it out though.

Thanks for the advice.

Mihai_Iacob

⋅ Nov 27, 2021 11:15 AM

Thanks for the heads up