SIA
SIACOIN about to explode?... learning.Siacoin has touched their lowest level where it form a new support.
This will be confirmed by the break of the black line, corresponding to the Top of this ware trend that I have find.
Targets are on Red circles.
This are just crazy ideas based on math patterns.
This is not a trading advice.
Regards.
-SG-
SiACoin (SC) : Day Chart : Substantial Potential profitI'm pretty confident we've seen the last of the bearish BTC trend.. Maybe a few rough retracements, but as far as negatively influencing the Alts go, I think that's done..
This is a very good opportunity on a slow and steady coin, that should race up from today..
Take a close look at the fan and the slices on its inside.. They correspond perfectly as resistance and support levels and touch on many of the peaks and dips, all the way from December..
This is a strong buy..
Siacoin fractalSiacoin is in a correction. Looks pretty the same as the last cycle. Investor EMA are expanding toward a bearish bias. Based on fractal, we are entering the last cycle of the correction. I will build a long position around 0.00000060-0.00000050, where the volume profile is showing a strong buy zone.
Siacoin: having a hard timeShort way to describe Sia is 'dropbox on the blockchain'. Sia has been around since 2015 and allthough the idea sounds pretty cool and the solution is live for quite some time now, getting it adopted is still a huge challenge. User statistics are pretty poor and there are many complaints on various discussion boards about setup troubles.
From a technical view I have really zoomed out here to the weekly chart. It doesn't look too nice. Allthough we have some sort of uptrend supportline, it is still well below current price. Price painted a lower high early january. On the way down it broke horizontal support and is currently at 78,6 Fibonacci supportlevel, which isn't the strongest fib level. Unless another altseason starts on short notice and traders go nuts for low priced alts again, Sia will most likely fall below 100 sats once more and could even go towards 50/60 sats.
One Last Chance to Short SiaShort or Long... you decide, but it doesn't look good for SC right now. The red diagonal resistance lines are pushing it into a long term consolidation. I would guess we test that blue diagonal resistance line once more before dropping to level off for a bit prior to a slow bleed back to the mid 50 satoshi mark. This will be the third time something like this plays out if it does. Short now, check back mid summer. Keep in mind that technical analysis aside, a new batch of Bitmain A3's is hitting the market this week and people will want to pay them off asap (i.e. dump everything they mine).
Not investment advice, good luck if you trade this idea.
TA on SIAcoinDid a TA on SIAcoin against BTC. Looks like its pretty bearish from the TA side of things. It broke support at 246 sats and might be heading towards next level support at 185 sats. Its moving below EMA and thats usually a bearish sign. However, one main reason is also because BTC is moving up fast so most alts are going down. But my best bet is to exit of SIAcoin and enter back to BTC just from TA perspective.
SC looking for a bottomSia has a great potential in Q1 2018 by releasing:
- File Contract Upgrade
- File Recovery System
- Simple File Sharing
It is still in downtrend, looking for a bottom at (blue lines)
Support 1: 200 sats
Support 2: 130 sats
Forming a falling wedge, which will confirm a reversal after bouncing from one of the support lines and breaking resistance (red).
+
- RSI going to oversold territory.
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- MACD and RSI confirming downtrend
Green lines are targets
Target 0: 200 sats
Target 1: 260 sats
Target 2: 335 sats
Target 3: 400 sats
Target 4: 460 sats
Target 5: 550 sats
Target 6: 650 sats
Target 7: 1000 sats