Great future for a great coin again. After the long time (and much needed) correction, the market comes back, and it looks stronger than before. A new market cycle starts and the above, are enough reasons to go long on SC.
We have seen Sia hitting the same support more than 3 times. Even keeping an eye on that sell book, you can spot big players trying to play the wall game to get some big bags of SC cheaper. Obviously everytime have been removed when the bulls kept pushing.
With the RSI showing oversold signals and almost an identical chart pattern previous to the last move...
Good development behind this coin.
But more important, clear bullish signals after the triangle and also ichimoku cloud breakout.
A great low risk vs. high R.O.I. example.
Lets leave those BTS fly and check with them in a few months.
I've been following this coin a lot. Impressive to see such a high developer score when looking at CoinGecko. Always in between, Monero, Ethereum or Bitcoin itself on top of that list.
See here: www.coingecko.com
They have a working product and a great team of talent behind. And nowadays in Crypto, thats not often the...
After the last short triggered by the end of an impulsive Elliot waves, and now that the A, B, C corrective waves took place. Its time to look for the next step.
The new Fibonacci Fan created by that last bullish trend (impulsive waves in dark blue) show us a strong ascending floor support at fib. level 3/1.
Most importantly, looking at that, looks like this...
Monero is a great coin, it has proper value and I personally think its a good hold for any potential and interested investor.
I see it bouncing low below the Fibonacci Fan, just crossed the support on that short bullish trend that lasted a week, and completely crossed the 30min Ichimoku Cloud. Does not show any oversold signals in any 1h or 2h charts. The chart...