Hey guys today i'm going analysis interesting coin SIB/USD pair in weekly chart
1)This coin was created in 2015, its POW coin you can mine or rune node,in 2018 SIB reaches ATH $5, and then price climbing down approximately 3 years, and price reached there low point $0.013 approximately.
2)Now SIB coin downtrend reversed into upward trend.
3)We all know triply bottom formation its bullish pattern and its can take week or month or year,and this triply bottom formation takes up 3 years already, and now its done.
4)We also have strong resistance line since 2018, and now SIB is breakout from resistance line, and with real volume(i marked volume in the chart) this mean SIB is now can be long time into upwardtrend.
5)We also used Fibonacci extension tool to know how much SIB price could be reach,and in Fibonacci extension tool important target is (1.618), and we can easily hit thats target, and SIB price would be $8 approximately, $8 is new ATH.
In 1 Week SIB up 900%, today SIB up 170% don't miss this chance go and buy some SIB coin,and if you like my idea like and subscribe me)))
1)This coin was created in 2015, its POW coin you can mine or rune node,in 2018 SIB reaches ATH $5, and then price climbing down approximately 3 years, and price reached there low point $0.013 approximately.
2)Now SIB coin downtrend reversed into upward trend.
3)We all know triply bottom formation its bullish pattern and its can take week or month or year,and this triply bottom formation takes up 3 years already, and now its done.
4)We also have strong resistance line since 2018, and now SIB is breakout from resistance line, and with real volume(i marked volume in the chart) this mean SIB is now can be long time into upwardtrend.
5)We also used Fibonacci extension tool to know how much SIB price could be reach,and in Fibonacci extension tool important target is (1.618), and we can easily hit thats target, and SIB price would be $8 approximately, $8 is new ATH.
In 1 Week SIB up 900%, today SIB up 170% don't miss this chance go and buy some SIB coin,and if you like my idea like and subscribe me)))
Comment:
Guys i change my mind SIB can hit $100