You can find the long-term analysis with potential target in the "Related Ideas" below... I just one to mention one thing here.
Siacoin (SCBTC) will behave just like DigiByte (DGBBTC) once it goes bullish.
The price you are seeing now is not something you can find every week or month... It is something that happens only once every two years or more.
These altcoins that we used to give so much energy to in the past are in a hibernation state...
After the hibernation comes the activity and lots of activity, fast growth in this case.
We can see some action now but not the big wave that we would expect when the bullish market comes.
Considering this one is good for the long-term, for the short-term there are...
Here we have two scenarios for Siacoin vs Tether, Long-Term.
Scenario #1 | Another drop before a bullish wave:
Here is an alternative view if a bullish wave were to develop now:
It is too early to say based on chart signals.
The signals are not clear enough.
We will revisit again in the near future.
Quite a pinch point we find ourselves in right now with Siacoin! We're touching the descending trend line after testing it a few times historically and we're also sat on a SR level which after a brief break downward we've since come back up to.
Something big is brewing here, we're thinking a large downward move is possible, around 30% losses, but a large upward...
Hi dear friends, hope you are well, and welcome to the new update on Siacoin (SC) with US Dollar pair.
Previously we had a nice trade of SC .
Now on a 4-hr time frame, SC has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Siacoin vs Bitcoin has been bearish since forever.
This pair was added to Bittrex back in May of 2017 and we continue to see lower highs for many years.
There is some hope though, in December 2020 Siacoin bottomed and in May/November this year we have a long-term higher low, giving us the first strong reversal signal.
The next positive signal comes from the RSI...
The horizon of the double highs traces a triangularization of the Siacoin chart which, together with the close of a (more than) annual cycle, seems to create the conditions for a double low and a rebound that will culminate on the horizon and as a Fibonacci retracement "contrary".
Let's call it Bull trap, let's call it Dead Cat Bounce (when viewed on a larger time...
A major move can happen on the Siacoin (SCBTC) pair but we start with the short-term target first.
EMA100 rejected growth back in April this year and this same level is working as resistance now.
Since SCBTC has been consolidation above EMA50 for the past month, as the EMA100 resistance gets challenged again we are alerted of an upcoming bullish jump.
After 5 weeks of consolidation Siacoin vs Tether (SCUSDT) is preparing for a pullback.
This is marked with a black arrow.
Notice the trading volume has gone to basically zero compared to last year.
As the volume dries out the market trend can start to change.
We can also see the RSI hitting a low and starting to curve upwards...
This weeks candle is about to...
I believe that Siacoin will give us excellent prospects for the next bullrun, it is no coincidence that it presents bottoms that recall a trend reversal in the medium term, therefore in correspondence with the next bullish phase.
I have been investing in this crypto for years because it has a hugely underrated project like Stellar's.
- On the daily chart we can spot a falling wedge - bullish reversal pattern that is currently breaking out!
- Also we can see a local ascending triangle, also a reversal pattern.
- As per my Elliott Wave analysis, this impulse wave should be completed successfully.
- Now I am expecting a retracement to 0.618 FIB + previous swing low from February.
- Look at my...
Heres a possible trade option to take with Siacoin.
You could try and take entry as close to that support as you can, with a tight top loss just below it (invalidation).
Or you could simply wait and long the retest after the break of that horizontal resistance.
Alright my friends its been a while since we looked at Siacoin vs Bitcoin so we are going to go long-term.
Is there more downside or will it grow?
We see a low set 9-May 2022 and this is very likely the bottom.
Because of the high volume.
If we look back at December 2020 we can see that right on the candle where the low was set we also have really high...
For the majority of coins that failed to set new highs during the recent bullish wave, it wouldn't be too far-fetched to see a nice mark-up phase fueled by smart money.
From a technical perspective the structure is all there, and from a fundamental perspective, these coins are dead... no one is watching them, talking about them, especially not buying them - the...
SC or Siacoin is currently attempting to break the upper range + the 0.236 Fib. The current breakout candle has a massive volume spike, and RSI is diverging from the price in the past few days.
If it successfully breaks out, the first good TP will be 0.43 area, where the 0.382 Fib and the previous lower high sits.
Remember to do your analysis first