Cipher money flow indicator curling up the same way as before every big explosive bullish run on sia coin during bull market+ strong momentum waves (basic market cipher strategy)+bounce off of the trendline+increase in volume. Looking to break 54+55 sats level. 100sats to 375sats possible if 55sats level broken. Fundamentally skynet is releasing its monetization...
Unfortunately rally is done due to btc dropping significantly. Alts including sia will continue to bleed against btc money flow going red and sia broke down from trendline it held previously. Unless btc resumes bull cycle or begins a new one after a bear market, another rally will most likely not happen anytime soon. It is unfortunate as everything has been set up...
One of very important resistances (40satoshi) has been broken... the most important resistant in weekly time frame is 50-55 satoshi... breaking and stabilizing there have a great signal to growth. this ascending channel has been formed and we are relatively at the base
Massive dip today, probably well orchestrated too with billions of dollars lost in liquidations.
Let's take a step back and see how our levels works.
Look at our previous ideas below for comparison.
No love today,
Hello trading friends,
✅ Siacoin shows an interesting trend for an increase, but same time manage good your risk and add an Sl where you will be fine with it.
We will follow this coin next time to see or it gets confirmed some trends for an uptrend.
✅ we don't close out, that there will be a possible whale increase on it coming time.
Have a great day
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Nice chart, very promising.
Despite the fact that SIA has not offered any 'headline news' recently, no big deals closed, no major announcements; it still remains a great project and at this stage I am looking to increase my stakes here as a good run seems higly possible
PS. I still prefer SIA to Filecoin in this segment of the crypto market...
Sia coin-USDT is breaking out one of the most important resistant lines... It seems SCBTC is following SC-USDT pair. Sia coin has not much been grown this period of uprising market... a big pump is waiting for it. long term down trending line has been broken too... BTC dominance is low and we are waiting for inflow money.
Like and follow to have more updates
Siacoin (SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for...
Sia Coin has 2 potential Target areas but first it needs to cross the 0.04 resistance.
Don't FOMO, wait for the breakout confirmation.
I've put the support and TP areas on the chart.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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