SC
SC/BTC PLNXSiacoin broke the sideways.
As said in last telegram signal of this coin, it should start another wave.
Both 1w and 1d Stoch RSI look good and also Heikin Ashi produced 3 green candles for daily.
Targets are old support and resistance zones.
Also, with the upcoming fork that will happen around 6 Dec can drive us in the first target area quicker than we may think.
I forecast that after first zone is touched, we will retrace above Ichimoku cloud or even touch the cloud.
SC/BTCIchimoku:
We broke the daily cloud and we are retesting it.
We didn't touch the 4h cloud but we are heading in 2h cloud. Also, we are under hourly cloud but it seems that we have a chance to break it in a day or two.
MACD:
Daily looks good, on 2h it seems it tries to reverse and on 1h it is still above.
Stoch RSI:
All except daily look good
Elliot Wave:
It seems that we are at step 4 at current wave withing a wave. It really seems that all this move can be the first set of a larger wave.
Candlestick:
Atleast for now, we have only 2 red Heikin Ashi candles on daily.
First target is at 1.272 fib as it perfectly matches the last wave (wave 3 length). But personally I think it can go alot higher even that we might encounter some resistance there. It is an old support and resistance area.
All targets match fib levels but also old support and resistance areas.
Siacoin(SC) to 31st December (Long term it has a huge potential)Siacoin hard fork will be held in 31st of December and this target will be achieve soon before the 31st of December.
"This fix is a hardfork that activates at block 139,000"
If you like you can buy before 250 and get some profit from it.
Note - This my opinion only.
Happy Trading!
Long Oppurtunity for SCA bullish pattern on Siacoin, An ascending triangle formatted.
Entry point with the break of upper line @ 0.00000092 on 2H frame.
Targets can be more Northern with the break of this support on 1D frame.
Targets:
0.000000124
0.000000174
0.000000212
0.000000255
0.000000404
Stop Loss:
4H closed candle under 0.00000057
Good Luck
Quick Strategy To SELL @ The TOP (4 Beginners)Look at the following chart:
Notice that when the candles form a large stick on top (basically the candle is pointing downwards), then we have a few candles of resistance or pullback.
In this example it isn't so obvious, because this coin right now is in a very strong run, but you get the idea.
After the first candle closes and give you the signal, you can sell at the following candle and then expect a retrace.
Let's look at a clearer example:
Then you use the support level to buy back. This is called a swing trade, this can make you lots of money. But if you get it wrong and go on panic, you can lose a lot as well.
Additional tip: The indicator "TD Sequential", which puts the numbers on the candles is another HUGE indication of a coming retrace.
On the same chart above, you can see that the #9 produced the biggest fall.
If you want to take this to MASTER level, learn how to read candles.
That's it. ENJOY!
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More strategies below, in the "related ideas" section.
Please read them. Thanks.