maybe a possible uptrend Fibonacci wedge + elliott impulse wave 12345 - head & shoulders pattern + maybe RSI - bullish divergence ?
3 month chart; the elliot oscillator has touched red, is this the beginning of a downtrend? or will it reverse when it hits the 50% fib retracement line?
Siacoin (SC) is testing resistance at its current place 490. I believe Sia will rise and will take profit around 550 in the coming days.
fractal progression + Fibonacci wedge + elliott impulse wave 12345 + Eliott Corrective Wave ABC + cypher pattern may a consolidation zone or starting a impulse wave uptrend. if breaks the support we may could see a downtrend wave .
Fractal Progression + Fibonacci Wedge + Elliot Impulse Wave (12345) + Cypher Pattern May repeat the 12345 wave while or before it breaks the 487 support, or up or down.
fractal form, geometrical progression, fibo resistance levels
Now THIS is Technical Analysis shitposting. In all seriousness though, SC is showing a corroborative trend with the moon phases. Using the bars from the two previous moon phases SC is showing that it might bounce between the two higher Fibs by the midpoint between the last new moon and the next full moon. Astrologically fuelled BS or something to pay attention to?
SIA has been in a strong upward channel. The recent market crash correction fell 36% to 307, and recovered up to the 620 area quickly. The price has found support in the channel boundary as well as previous areas of support. MACD & volume indicators are in agreement. Buy zones: 580 627 Sell Zones: 690 810 Stop loss: 518 Follow, share and like for...
SC will go deep before it will go to take off, SC Good Buy Entry Point At 600 Satoshi
I have discussed previously a buy entry and a sell one two weeks ago. If you had followed my strategy you should have sold now 30%-70% of your cap with a nice profit. However I was hoping for a better top because of all the good buy signals (good fundamental, big accumulations in 2 weeks). The fact that the bull move have stopped at 830 sat was due to some news....
Like a thief coming back for more, SIA has broken out of the cloud and must break back in again to get the goodies stashed away in the 700 range. With the breakout at the bottom just occuring as well as being near the bottom of the pitchfork support and RSI being historically low, this might be a good entry to make some good gains in the next few days.
Two big dumps in one night, we are clearly swimming in whale shark infested waters. However, even with hundred of millions dumped within minutes, SIA remains within pitchfork range... for now. The support is too real.
We can clearly see the pattern. In the next day, it will break and who knows where it can bring us - perhaps another pump. Either way, it is going towards the 0.00000800 BTC. Upward trends are always fun.
Reposting my chart analysis because the old one isnt seeming to update anymore
Siacoin has been in a pitchfork (log scale) since the first pump starting on May 18. It has formed two pennants since then and the first one broke out very similarly to the initial pump. I'm watching SC closely to see if the pattern will repeat for a third pump. Entry - 550-650 Target - 750 Good luck!
Looks like the handle from my previous idea is its own smaller Cup & Handle. That makes 3 nested C&H's so far lol. This thing wants to go up.
This is related to my other idea: I zoomed in so we can see the target area for the more immediate future. Looks like we've got a cup & handle (or inverse head & shoulders, both work in this case). It might want to extend past the target and hit one or both of the previous peaks (I labelled them on the chart) so I drew a wider target area. Of course I believe...