It was a long waiting but it is close.. At some point of BTC growth the SC will start to follow.
BTC is growing, SC is still very cheap, Sia/Skynet project is going well..perfect setup!
(Not a financial advice)
SC/BTC is showing signs of trend reversal. It has formed a rounding bottom which is a reversal pattern, higher highs and higher lows, broke above the 200 daily moving average, monthly MACD turned bullish. It is also one of the coins Coinbase is researching and has potential to be added to the exchange which usually moves the price higher. 280% profit is possible...
SC and XVG drop in a week and then bullish start.
SC drop to 26,
XVG drop to 52,
After this drop,
in 1 month gain %25-50 profit.
SC first target 40, then 56
XVG first target 76 then more then 100.
Bullish RSI divergence, sitting on support, more waves up to complete pattern. Upon breakout of red resistance, another free zone awaits. Should go up very soon. Upon break of support, previous lows await.
“Up we go“
Should it bounce back up from the support UPTREND line we could see some interesting things.
Also, EMA200 is providing some good support as well.
Also, EMA200 up-trending.
Let’s see how it goes, keep an eye on it.
Best of luck to all.
Sia coin seems to be in accumulation/ consolidation phase yet.
Expect a fall to 24 sat where multiple fib support at.
look for reversal pattern once 24 sat gets hit or if close daily over 30 sat.
Siacoin is looking very bullish on the longer time-frames. If support fails at 29 sats, it will probably retest 25 sats. The weekly MACD has also just crossed into positive territory.
The monthly time frame is even more bullish; it has been printing higher highs since October 2019. RSI looks very healthy and MACD has crossed bullish for the first time (on the monthly).
Depending on what BTC is doing SC will hit 30 and then we need to wait to see if it continues the downtrend to 24. I hope it will and thats my plan then i will be buying with a part of my ada profit. DYOR im just a noob starting with TA. No financial advice
The price action has found strong support at 0.00000016 btc on long term, therefore I have defined the PRZ up to this level and it should be stop loss for this long term high-risk high-profit potential trading idea.
Potential reversal zone: 0.00000081 to 0.00000016 btc
Secure sell targets zone: 0.00000265 to 0.00000528 btc
Aggressive sell targets zone (Up to...
