Every time we've had a weekly candle close on top of the 20 week moving average, Siacoin has gone to the moon. Will we be going back there soon? I'm not waiting to find out... We've a lovely cross to the upside on the weekly stochastic RSI after making higher lows on the 3-day chart. Fantastic opportunity.
Trade active
Excellent - confirmation of support on the upper Bollinger Band moving average after a lower to upper band trend reversal. The mouth of the band on on this daily chart can be seen to be opening, thereby indicating a strong trend is very likely.Trade active
A weekly candle is showing a break under the 5 year long trend line. Although we're still in the week in question, so we cannot use this information yet until the week is complete. On the daily chart we are showing bullish divergence between price action and money flow.Note
Sorry folks this is not planning out the way I thought. Very oversold now for a weekly chart. It might fall to 0.001 before recovering. The pattern is being played across many alts. Be patient.Trade active
I've re-drawn the long term support trend since the last one failed. For the moment I'm certainly long term bullish on the technicals as well as the project.I'm watching how this weekly candle closes, if it finishes up / looks like a Dragonfly DOJI by January 19th, then its game on. The idea supported by the Stochastic RSI crossing up, as shown on the weekly chart below.
To my knowledge Sia is the only project out there with the most available decentralised storage and growing, currently 700+ TeraBytes.
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Bullish divergence everywhere... 1,000,000% to the upper trend line.Trade active
An update to the big picture - the weekly chart is now showing us multiple dragonflies on price action as before with previous upward swings in price & volume.Trade active
Structure setting up very nicely indeed. Support on the 50-week moving average is currently holding, with the 21-week MA acting as the net support level.The more time that comes to pass the more insane price action appears to be at the top end of the market looking right, currently at $20-30 per coin. If you're holding a million of these things currently - you do the math. But that can't happen? I remember buying XRP at $0.006 before it hit $3 in the same year.. I learnt an important lesson, never say never.
Note
3rd attempt for price action to find support on the 21-week moving average with now a 2nd weekly candle closing as support with strong buying pressure - looks good.Note
At last... lift off.Note
Big week for Sia - should the weekly candle close at current levels it'll be the first time since October 2017 to close above price action resistance. 
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.