Siacoin it seems didnt affected in satoshi value during bitcoin pump less than a week ago..
Forming a sideway movement all the way back from December 2018 until now..
From EMA lines :
i relate this chart from december until current time. 50 and 100 EMAs just flat without any converging with each other and 200 ema begin to approaching.. price action under 200...
Siacoin looks ready to move off of this 5-month accumulation period with targets set way above!
We could see a pullback to the EQ but we are sitting on the 50MA right now so we could very well bounce here.
SC is reaching a crucial point where it could potentially break out the downtrend that exists since October 2019.
2 smaller accumulation zones are visible, where the second zone is not even affected a little bit by the BTC breakout to the 5000$.
I have set a very safe selling point at the daily untested level,but potential to break this resistance in a split...
SC is looking in this range really nice buy to stack off u can play this coin to ways . To put some stop loss or to stack off more if it fall. It start climbing the mountain and soon or later it is going to pump. in next 100 days it seems u can double or triple ur money ether way no bank will give u same %. Always there is risk in trading remember that .Dont...
$SC Broke above descending channel..Retest happened,bouncing between EMA50/100 on the 1D
UCTS Buy signal on the 1/2D
Crossing above EMA100 can act as catalyst
RSI starting to rising & MACD rising slowly
Volume is ok
Potential targets 80/85/94
falling below trendline, cancels it.
Siacoin's cycle about to repeat.
Target 1 : x2 = 140 sats
Target 2 : v3 = 210 sats
2018 ATH: around 300 sats. I don't expect such a bullrun this year, but I'm confident with a x2 from here.
What do you think?