SCBTC
Siacoin Buy OpportunityThe trading idea is based on a breakout above the downtrend line and the previous swing high. If the market moves about it, we will get a signal confirming further upward movement. Also MACD lines and DMI give bullish signals. It's a new trading opportunity. Pending orders for buy should be placed at 0.00000062 level with stop orders at 0.00000048 level. Profit targets are 0.00000075 and 0.00000100 resistance levels.
$SCBTC Sia Coin I See A Nice Rise ComingIt's a bit sad for bag holders when a coin sinks all the way to the bottom, but happy for us because once it breaks, as we can see Sia has, it's time to jump back in. Volume is increasing and the Falling Wedge has broken upwards. Checking Gann Fan from summer all time high, POLONIEX:SCBTC has been very slowly snaking across the expanse from 1/1 to 2/1 and I see it racing to double over the next month, if not sooner (of course barring COINBASE:BTCUSD destroying everything, lol)to .00000157, followed by an even greater rise to cross over to 3/1.
Siacoin Entry LevelThe trading idea is based on a bullish divergence. The price diverged with MACD lines and it gave us a trend reversal signal. Taking into consideration that the market has been fallen for a long time, we should be ready to the trend reversal with further upward movement to the previous resistance levels. RSI confirms price reversal in the oversold zone. MACD lines support upward movement. We have buy opportunity. Pending orders can be placed above SMA100 and the resistance level. It's 0.00000060 level. Stop orders must be at 0.00000040 level. Profit targets are 0.00000100 and 0.00000150 levels.
Siacoin Trading OpportunityNew trading opportunity for Siacoin. The market is going to reverse and start upward movement. The price diverged with MACD and RSI and it gave us a strong trend reversal signal. We can trade based on a breakout signal. The previous swing high is above SMA100. If the price breaks SMA100 and this high, we'll get a good confirmation of further upward movement. Now MACD supports downward movement and we should wait for the reversal. RSI is going to confirm price reversal from the support level. We don't have strong signals for buying now, but breaking above the previous high will give such signals. Pending orders for buy should be placed at 0.00000078 level with stop orders at 0.00000055 level. Profit targets are 0.00000150 and 0.00000300 levels.