As we come up to bat against this resistance once more, it's important to remember to stay hydrated and keep those electrolytes up as the price does its best impression of the little-engine-that-could in mid-air.
This is not a spot where the TA is super clear, it's primed for a fakeout in either direction.
For the bullish case we have made some lower highs and...
By crypto standards, Sia Coin is basically Methuselah....in a hype driven altcoin market even technicals this sweet are still vulnerable to remaining unfulfilled by sheer disinterest.
With a recent listing on Huobi however, and the sheer R:R of this situation, it's hard to deny the case for pure greed to catalyze some upside action. If Sia is merely dormant...
GUYS?!
Hadn't turned the Ichi on in a while, this daily cloud is a result of the ridiculous FUD dump/BCrash war last Novemeber but.....I mean the price IS in it and pushing for a TK flip. Stay tuned.
Definitely not advice.
It touched the no-no box.
Without strength here in the next few days it may do that final 2014/15 YEET to a lower low just to break everyones neck.
Not advice, financial or otherwise.
This layout has remained static for a few weeks, the red box was painted about two months ago.
Keep
It
Simple
Changing analysis too often will leave you missing the train over and over again.
This kind of scenario plays out a lot: A diagonal resistance is broken, but then the price continues it's path only using the diagonal resistance as support. This is by definition, an SR flip; but with it being on a diagonal SR line it can be a bit elusive.
The solution is to constantly draw diagonals, not dozens of them, but meaningful rational ones. From wick...
Diagonals are diagonals until they aren't. Fuck an ATR of any caliber, they're great sources of sentiment bait....a sharp edge if you have the patience.
The mass of the average VEN/VET bag generates enough gravity to trap the cries of those 'hodlers' forever.
Stay safe out there guys, and don't forget it's all going to zero.
This is also a prime example of blood, from a purely technical PoV...
