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SCUSD

SIA 18 bear market comparison to TRAC 22SIA 18 bear market comparison to TRAC 22 think i had the positioning wrong. have adjusted it here. looks very similar to me. if this is right then we flat here for a bit and then one more deep dive. rebound is 65%.. not even that good really. i have left this trade. thought id do this for anyone who actually gave a shit about that last analysis and also to point out alt pain might not be over. obviously this is a very odd type of analysis. wouldn't put too much weight on it. gl
TShort
by Crypto-Quantum-Fox
14
The MOTHER of all Cup and Handles - SCUSD Log scale storyHi all, Main TA Points; *** 1. Log scale chart. 2. Big cup and handle on monthly. 3. 20MA currently acting as support. 4. Break of Ichi looking imminent. 5. Incredible R:R *** Talking Points; *** Going to keep it simple, Log scale is a fantastic tool to use over long term chart views as well as high volatility markets such as crypto. SCUSD is painting an enormous cup and handle suggesting a price target of anywhere between $1 - $3.50. There is a strong possibility that Web 3.0 will be the "meta" paradigm during the peak of the current bull run. Sia/Skynet is arguably the strongest offering in this space with Siacoin offering a significant investment opportunity with considerable upside. These price estimates are also inline with SCBTC hitting its all time high of 800 satoshis. Should it do this with BTC hitting upwards of 100K we are definitely talking price targets in this range. *** Estimates; *** Log scale modifies your drawing tools and I'm having difficulty calculating the exact measured move. At this price entry however, liquidating a portion of holdings at 1 dollar would be a prudent strategy having banked significant profits. I think targets should involve averaging out of the trade in this case given we are looking at a range of $1 - $3.50. Good luck, Please consider donating, following or leaving a comment if this analysis was valuable to you. SIA donations; 807db3f1186dd2a5a40418200064b44a94bffb0e32fac9e713923088a7e3bb0886c2d0281374 *** *** Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions. All investment and trade decisions, no matter how well investigated, involve risk.
POLONIEX:SCUSDLong
by Traders-Corner
7
SIA COIN- Ready for a new Liftoff?3 Reasons to Buy Siacoin Siacoin provides tangible real-world utility and an attractive investment thesis based on disruption and innovation in the cloud-storage space. Key Points The Sia network provides decentralized cloud storage in a secure way. This decentralized cloud storage is provided at extremely low prices, making the Sia network competitive with established industry giants. The security of this network is impressive, a key factor that could spur mass adoption. For cryptocurrency investors, the search for meaningful utility is always on. Finding the next cryptocurrency network with the disruptive ability to innovate in hyper-growth sectors of the economy is the goal. However, breaking into certain segments of the tech economy can be difficult. Big Tech seems to control everything these days, and cloud storage is no exception. Companies dominating the cloud storage space include major players such as Google, Amazon, and Microsoft. However, there's one upstart decentralized network seeking to take a slice of this growing pie. The Sia network, powered by Siacoin (CRYPTO:SC), is a unique offering in this oligopolistic space. The Sia network provides cloud-storage services on the blockchain. Since Sia is a decentralized service, there's no single point of failure. Users pay in Siacoin for this storage, and providers are paid in Siacoin for their troubles. Indeed, Siacoin could represent the decentralized future of the cloud. Let's dive into three reasons why Siacoin could be a great long-term investment for those seeking disruptive blockchain technologies today. 1. A cost-effective cloud-storage solution Running large numbers of connected servers isn't cheap. Accordingly, cloud-storage companies are increasingly being forced to increase prices to meet these costs. Inflation is real, and companies in many cases don't have a choice but to pass on costs to the consumer. For example, Microsoft Azure charges $18 per month for 1 terabyte (TB, or 1,000 gigabytes) of storage. The Sia network, on the other hand, charges less than $4.50 for the same service. This is a rather significant price difference and could be meaningful for companies requiring cloud-storage services at scale. If anything, the secular trends underpinning growth in cloud storage are only likely to accelerate over time. Undoubtedly, the pandemic helped accelerate cloud adoption to some degree. However, there are certainly reasons for investors to have a very positive outlook for cloud-storage providers in the years and decades to come. The Sia network's current cost advantage could be viewed positively in this light. As adoption picks up across the network, expectations are that Siacoin's value should appreciate, as well. 2. Peer-to-peer storage solutions The Sia network is the premier peer-to-peer cloud-storage solution in cryptocurrency today. This blockchain-based provider offers a solution that anyone can be a part of. Decentralization is the name of the game in the cryptocurrency world. However, most of the focus in this space right now is on decentralized transactions. For cloud-storage providers, there are other advantages of being decentralized, peer-to-peer solutions. Security is one of the key drivers of the Sia network's allure in this regard. However, the nuts and bolts of how this network operates are intriguing from this perspective. In order for a cloud-storage provider to join the network, a certain amount of Siacoin must be locked into a contract. These contracts are cryptographically enforced in the blockchain, simplifying the process for users and providing collateral to ensure both parties will be satisfied with the arrangement. Both the user (renter) and host put some amount of Siacoin into the contract. If the host fails to perform its duties or loses the client's data, the user is compensated in Siacoin. Additionally, since the renter pays upfront, the host is guaranteed to get their money from the transaction. It's a win-win. 3. Security is paramount As a cloud-storage intermediary, the Sia network's security protocols are of utmost importance to those looking at this service. In this regard, there's a lot to like about how the Sia network has chosen to think about a security-first approach. There are a few security advantages the Sia network has relative to traditional cloud storage providers. Perhaps the most obvious is the fact that the Sia network is decentralized. Since there's no central server to attack, a hacker would be required to carry out multiple attacks on various servers simultaneously in order to significantly disrupt the system. That's an obvious plus for those concerned about potential cloud-server hacks. Additionally, the hosts are anonymous, and the level of encryption and data-transfer security appears to be among the best in class right now. Anonymity is ensured. Since the owners of the files are the only ones with private keys to access the data, no one other than the owner is able to access the files. Finally, the Sia network uses redundancy, splitting files across many computers. This means that even if some of the nodes operating the network are offline for any reason, the renter will be able to access their files at any time. A potential long-term winner One of the drawbacks of many cryptocurrencies is that they power networks with no real utility outside of storing or transferring money. Other cryptocurrencies such as Siacoin support powerful utility-generating functionality in the real world. That can be both a good and bad thing. Obviously, Siacoin's value as the currency used on the Sia network is dependent upon this network continuing to grow. Unfortunately, there aren't as many catalysts for Siacoin as there are for a cryptocurrency like Ethereum, for example, where an enormous network of projects utilizing smart contracts and tokens are built on top of it. This multipurpose functionality is what drove Ethereum to the heights it has reached. Siacoin's growth may not be as explosive. There are other risks with Siacoin, as well. In 2019, the developers behind Siacoin were ordered to pay $250,000 for alleged securities fraud for offering an unregistered security. Although the SEC has chosen to take no further action against the Sia network at this time, the budding cryptocurrency world is certainly not without risk. That said, for those intrigued by the potential disruption the blockchain could bring to the cloud-storage space, Siacoin is a compelling token to consider. Right now, Siacoin is one of the top smaller-cap cryptocurrencies I'm watching for this reason.
Long
by FX_Professor
5
SCUSD: Moon, Mars or Bust?!?!?Hello Trading View Community, SCUSD looks like we might see an attempt to breakout and ride a nice rocket ship to the Mars, at least maybe Moon.... Now, before we go packing our bags, we need to make sure SCUSD flips the current resistance zone here at the 0.236 Fibonacci level and confirms it as support. Another bullish sign is coming from the Exponential Moving Averages trying to curl up and form a nice golden cross, with a nice hidden RSI divergence, till this happens though we might see some ranging. If it does breakout, I think we can see a push up towards the 0.382 fib point. However, I'm putting my first target a little further down as this is an area that starts to form a volume peak (not pictured). Thank you guys for checking out this idea on SCUSD. If you find this analysis useful, support with a simple "Like" or "Follow". Trade carefully and remember these are just ideas, not trading advise.
KRAKEN:SCUSDLong
by jnpTrends
SCUSD Cup and Handle 1DSo SCUSD was requested by a follower of mine and I am charting this blind. I literally have not looked into this coin at all. However, I see an extremely strong base which formed a nice cup with a very small handle. Personally I would like to see a bigger handle, but that is a minor gripe. Regardless, there is a strong basing pattern, it is sitting above the strongest support, it is right on top of the 200MA, and it is consolidating. I see upward momentum here.
KRAKEN:SCUSDLong
by mysticalwalrus
7
SIACOIN quickie 2This is follow up to the trade in related idea which ended with loss. I will be buying SC @ 0.02105, which is the upper edge of the support zone, as I expect the white falling wedge to be broken to the upside soon. Then we could see break up of the big yellow triangle which should lead to another upside move. ENTRY : support @ 0.02105 SL : local low @ 0.0198 TARGET : resistance @ 0.0247 RRR : 3 INVALIDATION : when SL level hit Like👍, follow✒️, enjoy📺!
Long
by bizmark
SIA - Our Favorite Chart at This StageThe SIA coin chart looks bullish to us and just over support but far away from the projected resistance/target. We have covered this twice before but if you need to know what is SIA coin : Siacoin (SC) – one of the biggest P2P cloud storage platforms with a marketplace for cloud services. Siacoin (SC) is a peer-to-peer (P2P) blockchain-based network that functions as decentralized cloud storage. It depends on network participants to provide storage services and rent excess bandwidth for Siacoin users as well as consumers. Siacoin users and network participants have the opportunity to rent storage space from one another in the Siacoin community. This option provides a more cheaper and efficient option when compared with centralized cloud storage providers. Sia has a network capacity of over 2 petabytes (which is approximately 2,256 terabytes), as of 2020. It also has roughly 333 node operators actively securing the network. As of July of 2021, Siacoin hosts about 766 terabytes of files. Siacoin Team and Development David Vodrick and Luke Champine founded Siacoin back in 2013. At that time, both the developers were students of computer science at the Rensselaer Polytechnic Institute in New York. The duo first conceived the idea for a decentralized file storage network at a hackathon that took place at MIT in 2013. The following year, David and Luke established Nebulous Inc., backed by $750,000 in funding from financiers such as Xiaolai Li and Procyon Ventures. Before working on Sia, David Vorick had previously worked on projects like the Bitcoin Core, which is the major software used by nodes on the Bitcoin network. Asides from David Vorick and Luke Champine, who are still actively participating in this project, several other developers and executives have joined their team. Sia’s public beta first launched in March 2015, and the launching of its live network came in June that same year. Since that launch, Sia’s team has been successful in raising approximately $6.4 million. Raptors Group, First Star Ventures, Fenbushi Capital, and INBlockchain back Nebulous financially. CHECK OUR previous ideas below AND SEE HOW NICELY WE HAD DONE WITH THIS COIN BEFORE: One Love, the FXPROFESSOR
Long
by FX_Professor
4