In my previous idea we've seen that Bitcoin is probably going to be ranging for a few months, so meanwhile, it can be interesting to look at a few players who could potentially outpace Bitcoin during that period.
I will not be going into the fundamentals here but simply share some platform coins with good momentum and price action, since platform coins seem to be...
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💎 : SCBTC has formed an Ascending Triangle and on daily TF has broken above the Resistance. It might o lower to the Pullback zone before it goes higher.
🏁 Long Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.00000035
☕️ TP1 0.00000050
🍺 TP2 0.00000055
🍻 TP3 0.00000060
🍾 TP4 0.00000070
SC rejecting from the resistance zone multiple time and now taking support of the uptrend line.
SC is now trading in middle and either we see a retest of the resistance of $0.0202 - $0.0207 area or we see a test of the uptrend line that is near $0.0173 area. The major support is near $0.015 area. This is no trade zone for SC. Wait for a breakout of resistance or...
Main TA Points;
1. Inverse H&S pattern.
2. Break and retest of 20MA currently holding.
3. Bollingers continue to tighten signalling incoming volatility.
4. No relief rally in over 10 weeks.
5. Good R:R
Going to keep it simple this time,
After reaching a peak of 6.5 cents we have had a long consolidation across the board....
I expect that Siacoin eventually will reach the 0.10 in a very short time (125% upwards). For the short term, I expect consolidations after an upside earlier today that gave us about 25%, Consolidations between 0.0387 and 0.0435 before we have a serious of runs up. Next target is 0.058- 0.062