Siacoin Breaks EMA100 | Readies For 300%+It is looking pretty obvious now... Siacoin (SCBTC) has been trading at its lows for months... A bullish wave took place back in Sept/Oct '19 but then the accumulation period continued to go.
Now, we have Siacoin trading above EMA100 (purple line) for the first time since Oct. '19, when it lasted less than two weeks above EMA100...
Before that, we have never seen SCBTC trading above this level.
Conquering EMA100 (0.00000020) now would send out a strong bullish signal and tell us that Siacoin is ready... Ready to move, ready to grow, ready to generate profits!
Namaste.
Previous analysis | Siacoin Challenges Resistance, Almost There |Patience, Easy 130%
SCBTC
$SC, Pushing up from ~17 sats support level with volume$SC
Pushing up from ~17 sats support level with increasing volume & UCTS Buy signal on the 1D...
Crossed over EMA50 & MACD Bullish divergence..
Similar to what Sept/Oct '19 period showed, if it has continuation from here, we may aim for a new target at ~26sats (20%)
#SC
Sleeping Giant (long-term analysis)~ Sia, decentralized cloud storage built on the blockchain.
I believe this to be one of a small handful of cryptocurrencies that have actual real world use.
It provides decentralized data storage at prices that other centralized cloud storage providers can't compete with.
During the Ethereum mining bubble, some software allowed for dual-mining, making it possible mine extra coin while mining Ethereum.
SiaCoin is one of the coins was mined to squeeze a little bit of extra profit out of machines.
I speculate that this has resulted to a good amount of lost/unrecoverable coins.
~ My long term view for SiaCoin:
Right now price is threatening to close above the 21EMA.
If price closes above the weekly 21EMA, likely see price move to 55EMA over time.
And evaluate from there if a bullish trend forms (higher high, higher low).
~ If you would like to see more, monthly, possibly weekly analysis please show your interest by following me/liking this post.
> This is not financial advice, I'm not a financial advisor. <
SC / USD (Siacoin) Dragon. Price at the trend fracture zone.On the SC / usdt (Siacoin) pair, the Dragon formation was formed. It will be confirmed when the price breaks the downtrend line (dragon ridge). Now a breakdown is taking place.
ENTRANCE
1) on a breakthrough or pullback after a breakdown of a downtrend line (resistance). It is very important for price growth that the price consolidates above the downtrend line.
2) Above the hump level, if the price fixes above this level.
3) In cases where it is not possible to break through the price and consolidate above the downtrend line - the entrance from the zone near the local minimum price when confirming support.
TARGET
1) The level of the hump of the Dragon.
2) The level of the head of the Dragon.
3) In cases where it is not possible to break through the price and gain a foothold above the downtrend line - the target is a zone near the local minimum of the price.
Stop loss
Under key support levels during your entry into the market.
Perhaps we are now in the zone of fracture of the main trend and the emergence of a new uptrend.
It is worth noting that these are local first targets in a trend reversal. With the reversal of the main trend, the price increase of such a cheap coin can be hundreds of percent. This has been more than once.
TEAM and PROJECT
Siacoin is a pump coin with a very strong team and a real product that maybe no one needs, but it is still real. And this has a huge advantage over various scams. The downside is that it is a relatively old coin, and as a result there were many pumps and maybe there are still many passengers who, at any price increase, will get rid of the coins, thereby preventing the price from moving up. But let's hope that the 2 year dump “killed the faith in the project” and forced them to sell coins earlier.
NEWS + tracking prices.
It is also worth noting that today there was news and a major update: Sia launched a beta version - Sia v1.4.2.0. siastream.tech Includes: a new notification system to inform you of problems, the implementation of FUSE to mount Sia as a disk and significant corrections for processing contracts.
Notice how the news adjusts to the price chart. Today is precisely the moment when the price was to break through the downtrend of the local trend. Coincidence - there can be no coincidence in a fake world. Coincidences are planned actions disguised as randomness.
These are just 3 of over 20 big updates. Accompanied by prices in an uptrend.
Siacoin / bitcoin
Also, please pay attention to this coin paired with bitcoin. Looks great for growth.
SC/BTC The level of the local minimum. Descending wedge. Points
Sia Coin /Double bottom 2X -10X potentialSiacoin has accumulated at around 16 satoshi for a few months with a peak to 21 then more accumulation at 16 satoshis. This is an indication of a double bottom with an extremely solid support indicating the bearish trend is now over with bullish signs in the future. 21 satoshis is the 1st real test once broken out of that resistance the market is confirmed bullish. at the take profit points you can expect minor retracements but overall the market will be bullish!
Siacoin (most probably) about to make an exponential move.I think the chart speaks for itself. If RSI crosses the yellow line (on the weekly chart) and remains avobe that line, then Siacoin will be officially in an uptrend.
Not financial advice. Trade/invest at your own risk.
SC/BTC The level of the local minimum. Descending wedge. PointsThe price has reached a local minimum.
A cup . Descending wedge . Potential double bottom formation. (upward movement to the local maximum level of 27-30 satoshi)
Entrance
1) on a breakthrough or pullback after a breakdown of a downward line of a local trend (wedge resistance). You also need to understand that after a breakthrough, lateral movement may begin.
2) Above the level of 30 satosh if the price is fixed above this level.
Target
1) Downward wedge + 80%
2) If the price is fixed above 30 satoshi - the potential is 75-150% of this zone, or + 300% of the entrance now or at the beginning of the upward movement from the local minimum.
Stop loss
Under key support levels during your entry into the market.
Siacoin (SC) coin work. Pump coin. Pivot points.Entry points with minimal risk and maximum profit.
Strong development team.
The lowest price since the beginning of 2016!
Siacoin pump coin is very strongly merged. The coin is old since 2016. Pumping coins occurred on dozens of X (thousands of percent). Coin has a very strong development team.
Target shown on the chart are local, in the medium term. Coins can be pumped up hundreds of percent when the trend changes to an upward one. But, at the moment, the coin is in a downtrend. Therefore, it is preferable now to work with small local goals, which I showed on the chart.
The chart showed potential entry points with minimal risk and large profits.
1) entry point. If the price fixes above the resistance of the cup. First potential + 75%.
Stop Loss - under the cup support line (which is now the resistance of the cup).
2) entry point. If from these values the price drops to the previous support and the minimum price value of this trend, then entry into the market only with confirmation of support.
Stop Loss - under the support line.
Siacoin Challenges Resistance, Almost There |Patience, Easy 130%Siacoin (SCBTC) hit 19 satoshis today challenging EMA50 for the fourth time in just 1 week... This is the level to break if SCBTC wants to grow and move higher.
As you can see on the chart, the black trendlines have been conquered and all that is left for a strong impulse move is a break of EMA50 (green arrow).
If EMA50 can't be conquered, we will see prices go lower (red arrow) before another strong jump (blue arrow). So regardless of what happens, we remain bullish while trading around support in this setup.
Stay tuned... Siacoin will produce massive gains in 2020 and beyond.
Namaste.
Siacoin Support Holds | 111%+ Move Now PossibleSiacoin (SCBTC) hit a low of 17 satoshis back in September 2019. This quickly led to a strong bounce which produced a bullish wave that peaked at 30 satoshis.
More than 4 months later, this 17 satoshis support is taken out and a new low is hit at 15 satoshis, but prices quickly moved back up giving us a weekly close at 18 and prices are now trading above EMA10. These are bullish signals.
We also have a falling wedge pattern on the chart. Once the black trendlines are broken, we can easily see Siacoin moving higher, the main target is sitting at 39 satoshis.
Thanks a lot for reading.
Namaste.
SC/BTC TA Update (Painting Bullish Pattern?)SC/BTC
SC is back from key swing Low support area, the price just barely wicks two candles below 16 sats but immediately bought up. SC still respecting this bullish descending channel.
If SC can hold this level for at least a week. There is a chance it could break to the upside to challenge the 200 Day MA dynamic resistance area.
New low for Siacoin! Not sure how to predict. But possibly a short term correction is about to happen. We hit a new low of 15 sats. Major room for growth. Riding bottom of bollingerbands. Hard to say with BTC being all crazy as per usual. =P
Hopefully we get another altcoin bull run soon
SCXBT Double Falling WedgeSCXBT Has formed another falling wedge. Its a bit wonky but i believe it is still a falling wedge. Could possibly be a formation of a larger falling wedge that I missed.
SCBTC Ending CorrectionSC/BTC is ending ABC correction and we are wainting for next 5 waves upwards.
SC/BTC TA Update (Retest 16 Sats?)SC/BTC
SC coin is trading just within the previous Swing Low at 16 sats.
SC keeps respecting the downward trend-line resistance coming from the 30 sats area.
If SC will keep falling, I would expect a potential retest of 16 sats for a tendency of Double Pattern reversal.
bottom of accumalitive range!sia coin has nearly hit the bottom of its accumulative range. lots of potential profit to be made
The level to gain in SCIt's the only one you need imo
For bullish action I wanna see it break above and re-test it
SC/BTC | 50% Profit Potential..!!SC/BTC (Update)
Almost Completed the Falling Wedge in Daily Chart. (Bullish Pattern)
Volume is Decreasing Since 13th OCT & Now Need Some Strong Buying Volume For Breakout.
In Case of Breakout, It might test the Key Resistance (30 Sats) in Coming Days.
If failed to Break the Wedge, Then It Might Test 17-18 Sats..
Expecting 40-50% Profit For Midterm so Keep Your Eyes on It.
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Can we talk about this?My prediction for this is what quite weak till we start seeing something real happen. I mean how much lower can it go? 16??
Probably a BTC discussion
SC/BTC (Sia Coin) | Falling Wedge Breakout..!!SC/BTC (Sia Coin)
Forming Falling wedge in daily chart But Need some Volume For Breakout..!!
After Breakout, Target will be strong Resistance (28 Sats)
Expecting 40% Profit in Midterm, So Keep Your Eyes on it.!!
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Today`s ALT!!! SCBTCBINANCE:SCBTC
Exchange : Binance
Coin: SCBTC
Buy Zone: 0.00000023~0.00000022
Target Point: 0.00000025/ 0.00000028/ 0.0000003/ 0.00000032/ 0.00000034/ 0.00000037/ 0.0000004
S/L: 0.0000002
Risk: HIGH
Term: Middle
You should be careful in buying SCBTC because of Bitcoin
It`s making Right Shoulder of Invers H/S and moving at Symmetrical Triangle
Now it looks like it`s bottom of Right Shoulder
The Chart and RSI have similar Up Trending Channel
The Volume is almost down
It`s time to be pumping !!!
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
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