Coin request: SC still going strong!
Updated
I won't comment too much on this one since most of the best traders on this platform have already shared their ideas about it and I agree that we haven't run out of steam yet.
This one was slumbering for a few months and just started it's uptrend in the past month. Accumulation was at the end of the red arc and that was the best entry point.
I have shown the minimum targets for SC with the green EW and in red are the optimum targets. Only the last leg up (wave 5) is uncertain in my mind and would greatly depend of course of wave 3.
This is a mid- to long term trade as you can see so a lot can still happen.
What I expect for the coming days and maybe week or so is some sideways action. Volume shows that most of the buyers haven't sold any of their position and could indicate that they are building up new steam to continue the uptrend of wave 3.
Happy trading!
This one was slumbering for a few months and just started it's uptrend in the past month. Accumulation was at the end of the red arc and that was the best entry point.
I have shown the minimum targets for SC with the green EW and in red are the optimum targets. Only the last leg up (wave 5) is uncertain in my mind and would greatly depend of course of wave 3.
This is a mid- to long term trade as you can see so a lot can still happen.
What I expect for the coming days and maybe week or so is some sideways action. Volume shows that most of the buyers haven't sold any of their position and could indicate that they are building up new steam to continue the uptrend of wave 3.
Happy trading!
Note
SC has moved back to our general 3rd wave trend line. Looking for a continuation of wave 3 in the coming 2 days.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.