Feb 1st --> Siacoin: $0.29, or $0.029?
Updated
Taking a look at siacoin (SC), it seems like a decent bull run -- but is it time for a correction?
I've plotted some triangles, and tried to see how their trends are changing, and in my limited wisdom of noobishness, I feel as if Jan 23rd will be a good indicator of SC's price on Feb 1st.
My personal prediction: $0.09 on Feb 1st for ~200% gain. But please don't use this as advice... I barely know what i'm doing (this is only my third chart/analysis) and I'm trying to learn as much as I can!
As always, helpful comments would be gratefully appreciated!
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I've plotted some triangles, and tried to see how their trends are changing, and in my limited wisdom of noobishness, I feel as if Jan 23rd will be a good indicator of SC's price on Feb 1st.
My personal prediction: $0.09 on Feb 1st for ~200% gain. But please don't use this as advice... I barely know what i'm doing (this is only my third chart/analysis) and I'm trying to learn as much as I can!
As always, helpful comments would be gratefully appreciated!
=>
Note
Honestly, because that's where the major trendline from early Nov takes it to by Feb 1st. Though, i don't think it'll go any higher, $0.09 is basically what I think it would max out on by feb 1st. If SC follows the majority market trend, we would be lucky to see $0.06, i think.But again, i'm so new -- i could be totally wrong!
Note
looks like Siacoin went back to the long trend line (blue dotted line), but only after a quick drop. i feel like this takes us out of the lowest of the red sectionals ($0.029 by Feb 1st), but we aren't out of the woods just yet.
also, i feel like this drop significantly lowered the chances of the higher green sectionals ($0.29 by Feb 1st) from validating, though thats not completely out of the picture just yet (if market sees huge upswing on a whole, its totally achievable).
We are right on track for mid-range if this recent upswing from yesterday holds momentum without a massive break in either direction.
I'm standing with my $0.09 by Feb 1st prediction i made two days ago
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Note
also, MCAD seems to show momentum shifting up. Seems like it might be a good time to buy at the moment? What do yall think?=>
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