Here is a Flag Continuation on the Siacoin. It will pump this week...
Looks like it could make a run at the high again shortly .
After the huge pump into Cryptocurrencies, a correction should have been expected. Well, we got one. Now the cycle repeats. So it should go without saying that after every correction there will be a pump. As traders our focus should be identifying the end of these corrections, so we can ride the next pump. As investors our focus should be in value, so we know that...
as you see bearish trend line is broken, and HH and HL are visible, if price broke moving average also its time to long SC
SC looking for support around 0.00000289 BTC. I wouldn't bother buying it yet until we see more progressive movement. Look for it to flatten out as I pointed out with the arrow and stay above the .289 fib. If it decides to drop, I'm thinking 0.00000209 BTC will become the next support. Until you see solid support don't buy.
$SIA vs $BTC i'm sure that this coin wil get a boost soon, nice momentum to buy some coins. #SCBTC Buy low, Sell high. Probably good for short-mid and long term trades!
Siacoin has seen some big gains. As of now I don't see going up further just yet. We're looking at the 0.382 fib being key because if it stays above that line then it can provide support. However if it falls, it could potentially reach .618 or .786. I don't suggest buying, selling or shorting just yet. As of now, we're looking for support.
Siacoin has had some substantial growth the past few days. This chart shows some entry points as to when might be a good time to buy. I've showed the entry points with a green arrow. Wait until the candles hit 0.5 fib and bounce back. If it does, then it would be a good idea to buy some here. However, I'm thinking it can dip below that and hit the 0.618 fib. So if...
I was researching this coin earlier and I think its really low priced, and even though it bumped up, its just the beginning for this. High returns ahead for people buying in this week. I was right. Buy now I think. Its not just another coin. Its totally undervalued.
To me, Sia still seems way undervalued & ignored based on its potential - and it looks like it's forming a large Cup & Handle. Target is on the chart. And just for future reference I put some extra speculative targets, not based on anything except some trendlines I found and the fibonacci levels. Not recommending trades based off of those - but if it does shoot...
The next ripple? This and Doge have close to the same setup. The future is gonna be fun guys.
alts so easy this year. unreal. good luck.