SC is currently at a retracement stage. It seems to hold on 0.883 line. (retracement from Elliott wave)
It might not break out right now but this seems to be a good buying zone.
Consolidation could be on.
Let's see what happens
After a nice double bottom at a major structure level, a bullish break of structure took place. After the pullback to the 0.618 retracement of this bullish break out, now is the perfect time to buy on a 2618 trade to the upside.
As most of you know, I love SC. I think the product is solid and I think it has a great future. But we cannot make big investments based of emotions and feelings, there has to be a large amount of logic and analysis. Right now supporters of SC need to overlook appreciation for the product and look hard at the trends. We are at a very critical juncture right now...
SC is definitely on an uptrend, here is my prediction on the long term.
Given the heavy resistance that SC has ahead it will most likely bounce back and forth. If you are looking for a certain value in order pull your profits check the timeline of the prediction. If you are in for a long shot here are some other information regarding SC.
SC is associated to...
Given the BTC run in the last few days, SC found it hard to go through the resistance. It is expected to do so in the next few days given the uptrend line support closure with resistance.
• I'm expecting this coin to reach 475 for this month
• 250 zone touched 3-times on H4 Timeframe. ( The break of this support will lead SIACOIN to 170-180 area )
Have a great trade & Have a nice day !! :D
Good opportunity to enter a long position on Siacoin. Currently sitting around the 0.618 Fib level, and has just recently bounced off major support nicely. It also just broke major resistance and has closed above twice. It has also just recently formed a bit of a double bottom, which along with possible divergence, can make for a great bounce. I will enter once it...
I think we could hit somewhere near the top of the bollinger bands and then fall back to escalating support. But at the end of the triangle who knows what might happen.
Looks like >270 sats is a good buy.
08.05.2017 will most likely see SC back on its uptrend.
Confirmation of date provided by convergence of EMA50 and MA100 and UPTREND / DOWNTREND lines convergence.
Support is provided by previous lines of support (0.00000262 and 0.00000285) and by EMA200 that confirmed support on 07.11.2017 and 07.28.2017 depicted by grey area.
If we look at the daily chart of Siacoin, we can see that the market is at the support zone. Bullish divergence and double bottom chart pattern give us a trend reversal signal. It means that we have to be ready to open long trades based on breakout signals. If price bounces from the support zone and breaks the downtrend line, it will be confirmation for further...
SC is being pushed into the corner by the intersection of Downtrend and Uptrend lines. The next 5 days will decide which path SC will take. Crossing a trend-line does not mean the trend is confirmed, further confirmation by RSI/MACD required.
