SC/USD WHEN IN DOUBT, ZOOM OUT!
I've gotta say, i was starting to worry a little bit we might have seen the top for a while.
But when looking at the bigger picture we see that we are set to bounce off the 0.03 cent level
If you look at the orange arrows you can see we've been here before, we're retesting previous resistance and bouncing off the 50daily moving average.
The retest we're seeing now was right before the major altcoin rally in 2017.
Back then i didn't accumulate a lot of SIA yet because i just started to know the project.
Now i'm set up pretty well and expect to go above and beyond previous all time highs.
Why is that? Well first of all the fundamentals are very strong, SIA has one of the best layer2's in the whole crypto space and the project is way more developed now than it was in 2017.
Beside that, we also have acces to a lot more liquidity because we're traded on major exchanges now. Back then i could only trade on Poloniex.
So although i saw my portfolio decrease by a lot money last week, i'm still positive that this is not the end.
HODL!
But when looking at the bigger picture we see that we are set to bounce off the 0.03 cent level
If you look at the orange arrows you can see we've been here before, we're retesting previous resistance and bouncing off the 50daily moving average.
The retest we're seeing now was right before the major altcoin rally in 2017.
Back then i didn't accumulate a lot of SIA yet because i just started to know the project.
Now i'm set up pretty well and expect to go above and beyond previous all time highs.
Why is that? Well first of all the fundamentals are very strong, SIA has one of the best layer2's in the whole crypto space and the project is way more developed now than it was in 2017.
Beside that, we also have acces to a lot more liquidity because we're traded on major exchanges now. Back then i could only trade on Poloniex.
So although i saw my portfolio decrease by a lot money last week, i'm still positive that this is not the end.
HODL!
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