Siacoin Vs Bitcoin , Profitable? Siacoin seems to be bullish, I think buying siacoin at this time is profitable, what do you think? Like if you agree , GoodLucK...
SCUSD
SCBTC LONG, BULLISHDescending trend broke. Easy x4, first target: 100 sats. Breakout occurs above 33 sats.
SC breakout - double in the air5 months falling wedge broke out. We are looking on the daily time frame.
This move will happen on a 2-4 weeks delay. We are looking at 2x minimum.
This is a short term target. On the long term, it seems to have bottomed out. A lot of upside.
Looking Promising...The Green MA is higher than the Energy in all the near term group of timeframes and the Red RSI has made contact with the Green as it rises in the 1d, 2d & 3d indicating bullish sentiment. The Red RSI is also above 50 in this group of TFs. In the 4d the Red RSI has made contact with the Green MA as it falls which is bearish for that timeframe. We can see that the Energy has fallen below 50. However, from what I can see in higher and lower timeframes I think there is a good chance that the Green can turn up again.
The Green is also higher than the Energy in all the short term group of TFs too and the Red RSI is significantly above 50.
We're looking good against the BTC pair too.
Trade Safe
aBL
Short Term
✳️Siacoin/USDT Analysis (16/1) #SC $SCSC has a hesitation in $0.0047 zone and if there is no more buying power, SC will fall to $0.0035 zone.
However, the thing we should be most concerned with is that the buying power in early January is very strong and very solid, so there may be strong buying force coming into SC in the coming time. So our main plan will be to wait for SC to close a 1D candle above $0.0049 to buy in for target at $0.0065.
📅NEWS
👉Feb 3 : V1.5.4 Upgrade Deadline
(twitter.com)📈BUY
-Buy: 0.0047-0.0049$ if A. SL B
📉SELL
-Sell: 0.0063-0.0065$. SL A
♻️BACK-UP
-Sell: 0.0047-0.0049$ if B.SL A
-Buy: 0.0034-0.0036$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
SC Bounce or Break
24-25 sats previously was a great area buying area for SC, with BTC bulling and SC not doing anything not surprising at all that it broke down this zone to the next major area of support.
SCBTC has never fell below 15 sats, looking at order books, we have a lot of stacked buys from 16-10 sats , would be surprised if we break under 13 sats, but like I said with BTC bulling like it is would not be surprised at all. Also on the weekly chart you can see a 9 formed which is a buy 9 on the TI signaling a potential change of trend.
I think SC needs to bounce here or its a break , some coins will never come back after BTC breaks 50k, 100k, 150k..... Make sure your not holding those bags..
Let me know your thoughts. will be WAY more active now. New trading office ready and we back.
SC/USD (Retested Key Level Support)💎Technical Analysis Summary💎
BITTREX: SCUSD
-Siacoin has found support at the previous level at 0.0025 dollar
-If this support area will hold for the next few days
-It will likely consolidate in a ranging market
-The best option here is to wait for the channel breakout above
-Once the channel is broken upward, buyers will start joining fast
-So please be patient and wait for proper entry and confirmation
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉
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