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 .
Our last plan for this coin was GREAT !
for a clear confirmation, it need to close above 50% of my fib, as shown. The break of TL isn't enough to confirm a clear UP-trend.
and also that support around 500-550 zone seems strong for me.
That will be my 'Best buy zone'
OR, we can buy this coin if the price touch my 78.6% fibo, ( 580-500 ) .
note: I don't use a...
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
Siacoin is facing a difficult future. There is a descending triangle which suggests a breakdown. On the other hand, the graph has been making double bottoms which suggest that it wont go under the support level at 470 and instead go up. stay tuned the next couple of days to see if it is a buy or not.