$sc breakdown
orange boxes are possible reversal zones
I think we breakdown at the end of the pattern to the horizontal support or fakeout upwards to the reversal zone and break downards
Daily Log RSI and Wavetrend don't indicate oversold yet. More accumulation to come inside this order block
Looking for volume and/or deviation from pitchfork as trend confirmation
SC
Siacoin - Possible 50% CorrectionHello,
As you all know, BTC is in a correction stage. BTC's price affects all the different alts.
If BTC drops below the 9k support, Siacoin will fall down to the support indicated above.
Here is my previous Siacoin analysis:
Here is my most recent BTC analysis:
Trade is only active when BTC breaks under the 10k support and ofc 9k after that.
~DCFreak
$CBTC Long Trading Targets: Playin' AroundJust having a play around with basic trend lines & support/resistance lines.
Tried to play out a trade.
Target 1&2 is sitting on a defined support line. Following new trendline.
Target 3 is placed at ATH level
MACD is indicating (late) a bull run supporting my theory.
Have I got anything wrong? What are your thoughts?
Siacoin (SC) vs BTC 4hr Chart UpdateA quick hi to all our followers on our Social Media and Telegram. We shall be posting occasional Technical Analysis and Charts for better understanding and support to some of our trades on TradingView.
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Siacoin has remained within the pennant during the BTC dip.
As long as SC keeps nice and strong, we should see a nice spike once it breaks out towards our 20% Profit Sell target of 0.00000496BTC.
Fundamentals: coinmarketcal.com
Siacoin Bullish for now. Quick profit!Siacoin showing Bearish ABCD Pattern! Gonna follow it for now. However, the market has been unpredictable, staying ready for a reversal of any sort
If pattern stays intact. Selling at around Point D!
*I am Not a professional, please research on your own before investing.
SC - SiaCoin - ShortSC was one of the few coins to breakout upward during the crypto correction and has been a solid investment for sometime with heavy investment coming form players with deep pockets.
However, following the breakout it has formed a bearish ascending wedge. SC is facing heavy selling pressure and there a divergence has formed between technical indicators and the price.
Due to the TA on the chart and divergence of the indicators, I expect a pull back in price.