Your chance to ride the Sia train. Targets for a LONG position Sia coin is near and dear to my heart. It is a great project that ties with bigger projects like Skynet and the likes. This coin is highly undervalued and I believe it will continue to pump in the future assuming this bull run continues. There are two key targets based on Fib retracements that make good potential buy-ins. I would suggest you cost average this two in a way that your risk management plan allows. If the bull market continues, I would expect a rebound off the support and a retest back @ .06
NOTE: This is not financial advice. This is at your OWN risk.
SIA
Sia COIN /SCETHThis is a 15 min chart break down of what we should be seeing from this Crypto. The white line is the minimum and the yellow is the reach. The red would be the max.
wait for the daily.
iCantw84it
SiaCoin breaking out of major channel and resistance.Looks like Siacoin is ready here to go into a parabolic run for its own. its been grinding the bottom of the channel for quite some time now, and typically this ends up resulting in big parabolic runs upwards, after all the BTC.D keeps dropping and it is already Alt Season, most coins will have a run at some point or another if not all coins. Looks like a potentially good entry early on for Spot, cheap coins can give big gains all in all.
PS this is not financial advice, I am only speculating, and having fun with the charts. Trader and invest AT YOUR OWN RISK > DYOR.
SIACOIN make a retracement first before BullishWe can see that SIACOIN just made a big move upward. After the upward movement, SIACOIN makes some retracements, in one of the retracements, SIACOIN breaks a support line. It can be expected that SIACOIN will go down first before continuing the bullish run. But it is tentative because as you can see SIACOIN makes a triangle, so it can continue to go up or make some price adjustment first before flying. That's all from me.
Siacoin Wants To Be A 5 Cent CoinSiacoin has had some big, measured moves up recently, currently down 33% from ATH, but has held the 61.8% fib line as strong support (previously resistance). Also if you look at the Stoch RSI, every time in the past two months it has been this oversold, SC has rallied pretty hard upwards. The RSI is also well above the last two trend reversals, so that's positive. This is all highly dependant on BTC, but I expect a move towards 5 cents in the next few weeks.
SC/USD Head and Shoulder Completed Potential 27% DropSC has completed a head and shoulder pattern. This is a measured 27% drop to the horizontal red dotted support. Invalidated if price doesn't drop below neckline or if price breaks above right shoulder. Potential incoming cross of 55/200 EMA on 4H chart.
That being said, we aren't terribly far from the bottom of the channel we have been in on this uptrend. We could see a reversal. First target would be bottom of channel if you choose to short. Personally I downsized position in hopes of accumulating some more. I'm not actually "shorting" on an exchange in the traditional sense but just pulling some of position out to try to buy more cheaper.
Long term I still have high hopes for SC so I will buy back more if starts looking more favorable.
**Disclaimer: This is not financial advice as I am not a professional. Trade at your own risk!**
SIA- X3 since first post and ready to rise AGAINSia has been one of our second quarter (Q2) picks and it is proving us right.
The project's fundamentals are strong, the potential is huge and all that is left is a confirmation from our technical analysis:
Price on support (previous resistance), thus technically we are good to Buy again (more).
- check our 2 previous posts for additional info
One love,
the FXPROFESSOR
🌧️ Beware of SC's Ascending WedgeSC appears to be in an ascending wedge right now, which usually means there's high downside risk once it breaks out from the bottom of the wedge. However, it still appears too early for SC to dip, meaning there's still a profit to be made by buying the bottom of the wedge and selling near the top. Don't get too greedy or you might be caught by the retracement. A trailing stop loss is advised.
SC to 3.5 Cents In Two WeeksLooks like SC has set up fantastic groundwork for a surge up towards 3.5 cents. RSI is strong but allows for growth. Stoch RSI is oversold and judging from the previous occasions when it was oversold and then volume flooded in we have had a rally of 250%+ and around 200%.
SIA sees small correction back to area of strong confluenceAfter two upward moves in a classic Elliot wave pattern, hopping over a previous resistance level in a strong push, SIA sings her way back down to an area of perfect confluence at previous resistance and the bottom of an ascending triangle. Won't make you a ton of money (it's a small ratio), but it's pretty likely to occur. It's also backed up by stochastics which have matched the last two descents with near perfection. There's also a dip in volume, showing a lack of momentum after the strong drive.
This is a temporary, very small correction. All indicators are that after this correction we will see a second push upward.
SiaCoin - Crazy PotentialDecentralized File Storage Systems are the future. Censorship resistant, way faster and cheaper than current systems (Amazon AWS). DApps development is exploding, and decentralized storage will follow the same trend. This is the future and we are at the early stages of the Web 3.0. Currently, the main decentralized storage systems are FileCoin, Storj, and Sia (0Chain is still in Beta). Arguably, Storj and Sia are better than FileCoin. Look at their prices, and compare them to Sia.
Possible cup and handle - SIA to start April with a BANG! Hi all,
Main TA Points;
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1. Weekly S/R flip confirmed.
2. Break and retest of 3 year down trend confirmed.
3. Decentralized storage platforms all performing strongly (FIL STORJ).
4. Critical fib level claimed, assuming S/R flip of critical level.
5. Based on above assumption we have a possible cup and handle patter.
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Talking Points;
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We are at the cusp of the start of a new month with a strong finish assumed for March. We would like to see price maintain above 44 satoshis which it looks like it will do over the next 72 hours. From a weekly perspective we could see a wick down in the low 40's but I would think its unlikely for us to go much lower.
For those unfamiliar, SIA is in my opinion a top 5 coin from a fundamentals perspective and is vying for a large piece of Web 3.0 architecture. It has a working product, a capable team, and a foundation model ensuring its financial longevity. Having had a significantly longer than normal consolidation and accumulation period, historicals would suggest violent and powerful impulses will continue to follow from here until the end of the year.
I believe April will see the bitcoin pairing at least swing to 60-80 satoshis with the upside up to the 200's range.
Interestingly, both FIL and STORJ are also experiencing strong growth and SIA in my view being the possessor of a superior solution will also follow this strong trend. I would even say based on year to date growth it already has.
We have also broken a down trend that has lasted some 3 years with an extended accumulation period. This is an extremely bullish sign and would signal that this is infact the start of SIA's bull run; even considering the strong growth that has been experienced up until now.
Linked are my previous and most recent ideas which have been confirmed for SIA.
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Estimates;
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As a measured move we are looking to test the 63-65 Satoshi level. I have provided an conservative trade setup having set the stop loss just below the red ichimoku cloud. Please be mindful this is a high risk trade, the vanilla trade would be to enter at the break and confirmation of the pattern.
If we hit this level in the first week of April we could actually see SIA climb into the 100's if not even higher. It is not impossible for us to revisit all time highs from a USDT perspective, in which case a run between 100-200 satoshis is certainly on the cards this month.
Good luck,
Please consider donating, following or leaving a comment if this analysis was valuable to you.
SIA donations;
807db3f1186dd2a5a40418200064b44a94bffb0e32fac9e713923088a7e3bb0886c2d0281374
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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.
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SC full roadmap targets Selling at yellow, rebuy at white. Simple. Goodluck.
Confidence level = High.
Risk level = Mid
The chart is good for SC holders, non-SC holders I recommend other cheap coins that still did not hit much. I think you guys know what I am talking about if you have been with me in the communication channels.
SIA - ✔️Q2 Pick (Amazon's Cloud Services Killer?)Hi guys,
Sia is one of our Second Quarter picks , data which we had released earlier this month on a private idea
From 0,00870 to 0,02470 the price has almost tripled in March and we have high expectations for more.
Price has broken previous resistance, came back to check it as support and looks ready for higher flights.
✔️✔️✔️ SIA offers a business model we like a LOT: ✔️✔️✔️
''SIA offers a decentralized cloud storage platform.
No signups, no servers, no trusted third parties. Sia leverages blockchain technology to create a data storage marketplace that is more robust and more affordable than traditional cloud storage providers.
On average, SIA's decentralized cloud storage costs 90% less than incumbent cloud storage providers. Storing 1TB of files on Sia costs about $1-2 per month, compared with $23 on Amazon S3.' ✔️
ref: sia.tech
Damn!! This is a HUGE PASS on the 'Fundamentals exams'✔️✔️✔️✔️
We keep on Buying 😚
SIA BREAKS 5 YEAR DOWNTRENDSingapore Airlines broke the long term downtrend that started in Aug 2015 with a close at $5.70 surpassing our target at $5.46.
PIVOT 5.27
Long positions above 5.27 target 5.75 and 7.05
Short positions below 5.27 target 4.91 and 4.63
Long Term UPTREND since 190321
Medium Term UPTREND since 161120
Short term UPTREND since 051120