SiaCoin actin like it wants to trigger an invh&s breakout
Updated
If it validates the breakout on the current breach of the neckline the measured move target is about 2 and a half cents. Nice to see SiaCoin actually doing something for once, been a long while. Must be a true tell sign the bull market is back. *not financial advice*
Note
Reaching the full target would be about a 66% gain from the current price range.Note
Big dip back down below the neckline it seems. SiaCoin can be one of the riskier assets, however being the very first breach of this neckline I think its still very possible it gives us a real breakout validation on the next 1-3 daily candle breaches/closes back above the neckline.Note
How soon will it break back above the neckline again is anyones guess however in the meantime I see this as an opportunity to modestly accumulate below the neckline to take advantage of maximizing some gains when it does. Of course I wouldn’t go heavy into SiaCoin myself as its fundamentals arent as enticing as some of my more prominent holds but I wouldnt mind accumulating a little here to ride this inv h&s target up whenever it eventually does decide to trigger it.Note
Still continuing to create a wider right shoulder.
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