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SC

Last chance for SC to recoverAs most of you know, I love SC. I think the product is solid and I think it has a great future. But we cannot make big investments based of emotions and feelings, there has to be a large amount of logic and analysis. Right now supporters of SC need to overlook appreciation for the product and look hard at the trends. We are at a very critical juncture right now because if SC falls below the 23% fib line I think it will continue to fall and it could be a very long and cold winter for bagholders. But there is some hope. The stoch is oversold and the RSI is hinting at some upside. But it's going to take a lot to break this nightmarish downtrend. Good luck people, and be smart.
by Brisben
9
SC falling wedgeexpecting a break out near 460. zoomed in on the local peaks/dips, sia tends to bounce off 50% fib lines, seems about in line with 460 being a 50% fib level for the overall chart. Buying now at 480 wouldn't be terrible either given that we lie on the kijun. Can just cost average your way to 460. not sure if it quite fits the elliot wave, but I left that up there as a side thought. If it holds, then we'd be in correction wave A and would expect a bounce back to 600-700 sats for a possible head and shoulders formation (wave B) before correcting to 300 sats for a full wave C. The C clamp on the ichimoku does look like it needs correcting.
Long
by tempusfire
1