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SIA

SCBTC Long, breakout imminent. SIACOINSIA has been in a strong upward channel. The recent market crash correction fell 36% to 307, and recovered up to the 620 area quickly. The price has found support in the channel boundary as well as previous areas of support. MACD & volume indicators are in agreement. Buy zones: 580 627 Sell Zones: 690 810 Stop loss: 518 Follow, share and like for more regular trading analysis. Comments welcome. Tweet for quick responses. - Tenjin Crypto @Tenjin_Crypto As always, do not overextend on a position. Hold with 70% of portfolio and trade with 30% or less depending on your risk model. Set alerts on blockfolio or whatever alert software you use for either sell areas or stop losses.
Long
by UnknownUnicorn1096649
3
New Buy Zone for SCI have discussed previously a buy entry and a sell one two weeks ago. If you had followed my strategy you should have sold now 30%-70% of your cap with a nice profit. However I was hoping for a better top because of all the good buy signals (good fundamental, big accumulations in 2 weeks). The fact that the bull move have stopped at 830 sat was due to some news. Here's a summery: Sia has leaked Saturday that a project called Obelisk will be published the next Friday. This had pushed up the price in the weekend but rumors were saying that it will be some easy platform for file sharing Once the price hit new all time high, Sia send a tweet giving more informations about Obelisk in Tuesday:https://twitter.com/SiaTechHQ/status/877172219679563778 This had as effect to stop the bullish move and I think they knew that. My opinion is they were afraid that not correcting the rumors will result to a crash (and not just a correction) this Friday. Sia published officially the website of Obelisk and how to purchase it: twitter.com Now what's next? Sia is obviously very dynamic and their project starts to be more credible and reliable. Is it bad to have Asic in the network? Sia had respond to this question in their blog explaining why they had initiated Asic Mining : blog.sia.tech So fundamentals says that Sia is a strong buy. Technicals: The new high had made a new buy zone (668 sat – 632 sat). I recommend to not risk waiting for price after 652 sat. The sell strategy will be the same as previous one but with the new following prices: At 891 sat, you should have sold 30% of your capital At 918 sat, you should have sold 80% of your capital At 956 sat, you should have sold 90% of your capital The remaining 10%, you can sold it anywhere above 956 sat or hold it.
Long
by sabirdeux
13