Siacoin just broke through a long time trend line on high volume! It's currently at a resistance level but if we break through I expect good gains. Moving averages and RSI looking good.
Been buying this one sub 100 sats.
We can see a flag/pennant continuation pattern forming right on a down trendline on ADA. If we have a breakout on the pattern with good volume I expect a pump. Target set to at least 1400 sats stop loss at 1130.
TA:
RSI downtrend broken
9MA nearing 18MA for upward cross
Currently in low historical region
*If BTC falls SC will quickly follow
FA:
Siacoin is one of the few projects I've come across with weekly updates and a service that is constantly evolving for the better.
We can see a bullish falling wedge on the daily chart for BTC. Also if we take a look at the RSI we can see how after it breaks a resistance downtrend line it goes to a new high. I believe that this in combination with us being at almost 2/3 of the falling wedge is an indicates a high probability that we will break out of the wedge in this uptrend and after that...
ETH has just broken through a strong resistance after starting what looks to be like an uptrend on the way to its next higher high. We can see the formation of the higher low just weeks ago. Since there is no clear uptrend an this was the first higher low I'm not really sure where the minimum target is for price. If I had to guess I would say it should reach at...
Price has continued to fall together with volume. It is easy to see how an increase and decrease in price is met with the same movement in volume which is a strong indication for the formation of an uptrend. If price breaks the downtrend line I would expect a price and volume surge. Stop loss would be just below 250 sats and profit target would be near 800 sats...
We can see a pennant continuation pattern on BTC with a nice breakout. Volume dried out during the formation of the pattern as usually happens with these. Although breakout was not on high volume it is important to remember that a market may fall from inertia, but I am still waiting to see volume increase as price goes lower. Expecting to see a decline move to at...
We can see a head and shoulders reversal pattern forming on BTC 1h. Volume has decreased on each trough descent which is typical in head and shoulders patterns, specially downtrend reversals. Waiting for a breakout with high volume, if this is not so, then the pattern may be too weak specially considering it is a reversal to a downtrend. After the breakthrough a...
We can see a clear double top formation on BTC with top at 11.7k and resistance at 9.7k. We can also see that after breakout price retraced back and then continued down. Bearish reversals do not require as much volume during breakout as bullish reversals and the fact that we see high volume here goes to show the strength of the reversal. The minimum target price...
Looks like btc has entered some sideways movement before a trend is definitely established. Would enter a long position on it's way back up to upper horizontal support.
Seeing a formed double bottom with breakout and retrace back to the breakout line. Minimum stop gain set but maximum gain would be around 11.5k (full retrace of previous downtrend).
If price bounces off first uptrend I would enter a long position at area 1. On the other hand if it breaks this uptrend line and later bounces off the previously broken downtrend line I would enter a long position in area 2.
