SC will struggle a few days to get back on the uptrend after hitting the support level, uptrend will be confirmed by RSI (when below 30) and will be further confirmed by MACD (when signal will cross with high pitch angle)
We witnessed double Bottom formation two weeks ago. It seems like the pair formed triple bottom now with big bullish candlestick on 4h chart. I think it is good time to enter the market with low risk and quite high potential profit. Market is different from what we have seen few months ago. Be aware that it is possible that the pair will go lower. I would set...
SC is expected to bounce from support lines with an uptrend confirmed by MA13(in red). SC has reached support line in green, more historical support in blue. Uptrend will be confirmed when MA13(in red) will pass through upward MA32(in blue).
SC is expected to break the current sideways momentum. Thresholds depicted in orange.
I really hope I'm wrong about this, but it looks like a reverse flag formation. Might see a big drop in SC for a while.
SC has recently broken the downtrend and has shown some positive upwards movement. Looks like it will have to break out of this triangle to continue moving up.
SC is forming a possible cup and handle. Expect a dip before more up movement.
Expect price to breakout soon. I think it will bounce off the 62% fib and then come back to retest support, and then after that i'd expect it to go up pretty fast. on the fundamental side, the team just released a bunch of bounties to improve development (seems good to me) so as long as everything goes as planned, we will be profitable. What do u guys think?
Great future for a great coin again. After the long time (and much needed) correction, the market comes back, and it looks stronger than before. A new market cycle starts and the above, are enough reasons to go long on SC.
The downtrend has finally broken. Bottom established around 265 sats. Beginning to rebuild. We are at a critical juncture now as SC tries to break out of this triangle. Heavy resistance and overbought RSI show that there will be dips before more upside. With any luck we will be on the way to 400+ again within the next week.
We left the descending channel. EMA-50 is crossed. good luck in trading.
This past week or so has sure taught me a few harsh lessons. Due to the instability in BTC it is so hard to predict anything right now. But for what its worth here is what might happen with SC if the downtrend continues. I still believe in SC, but the winter may be long and very cold.
Will get in at 395-400 sats. If price dips under 385 Ill sell, and look to buy in lower 300s if it comes to that. But I believe it is more likely that siacoin bounces off 400 sats and heads towards 850sats+