Long

Updated

Siacoin SCBTC - Cup & Handle and Speculative Future Targets

To me, Sia still seems way undervalued & ignored based on its potential - and it looks like it's forming a large Cup & Handle. Target is on the chart.

And just for future reference I put some extra speculative targets, not based on anything except some trendlines I found and the fibonacci levels. Not recommending trades based off of those - but if it does shoot up those might be points to watch for if you're thinking of taking profit on the way up.

My only real trade recommendation for this is to BUY & HOLD :)
Normally I'd say wait for a breakout, but I think in the long term this is a no-brainer. Even if it doesn't complete the Cup & Handle or follow this chart in any way, I think a year or 2 down the line you'll regret not buying a bit of this while it's still cheap.

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Looks like its on it's way...

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Looks like it might be forming a Cup & Handle (or an ascending triangle depending on how you look at it) on the 5 min chart, the target would be 0.00000310 which is pretty close to the target for the big Cup & Handle I originally posted about (target for that is about 0.00000330)

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We've got a breakout - let's see if it holds...

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that smaller C&H didn't play out, but this is also a possibility:

It could also take a few more weeks before it's really ready to break out. Didn't really expect it to jump like this so soon anyway...keep hodling :)

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Working out pretty well so far!

Just speculation, but if it forms a bull flag or pennant/triangle, it could bring us right up to the target:

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Damn, not bad. Looking like it might do it.

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I don't know why I didn't notice that the lines got all out of whack in the screenshot above this one lol. Don't know why that happened

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There she goes again!! Will it hit the target?

Trade closed: target reached

Oops_I_Charted

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