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SIA

SCBTC - Long SiacoinSiacoin has more or less been residing at its lowest ever BTC value. Recently there was a hardfork of the chain. This is still an active project and it is probably about as cheap as you will ever be able to buy it. We recently started upward movement after falling below support and popping back above it. Not promising a moonshot, but I just bought a bag. At this price even small movements are high % gains. (Warning, small moves down are also large % moves). Personally, I will probably just hold my bag even if it dips or crashes back down. It is a good enough project in my mind to justify it on a personal level at this price. With newcomers coming into the market for this bullrun, it is only a matter of time before more and more are intrigued by the super low prices. (Unfortunately most people probably won't bother to even read what it is, but oh well) And....they have freaking SKYNET!!! Lmao. Don't you want to bring about the end of days with me? (Disclaimer: Totally different Skynet than Terminator SKynet) If unfamiliar, read into what they are doing and what Siacoin is, it is actually pretty interesting and I can see an actual real world use for it. Disclaimer: I am not a financial advisor or professional. I'm merely sharing my thoughts. Trade at your own risk. Don't trade what you aren't willing to lose. Happy Trading!
Long
by bwymore
8
SC ready for breakout!Siacoin ( SC ) is the native utility token of Sia , a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. According to its whitepaper, the long-term goal of Sia is to compete with existing storage solutions. It sees itself as being in direct competition with major cloud storage providers such as Amazon, Google and Microsoft . Because of its decentralized nature, Sia is able to offer competitive storage rates. Latest news: 13 Jan 2021: Release of v1.5.4 marks an important chapter in Sia’s history - incorporating the Sia Foundation hardfork. Sia Foundation is a non-profit charged with developing & growing the Sia network. Perfect entry zone is 11-13 with targets on chart. Good luck with this sleeping giant! For details comment at any time! Don't forget to follow and like if you find this helpful!
SLong
by Chartomatic
1
SCBTC formed bullish Butterfly | Upto 45%Hi friends hope you are well and welcome to the new update on Siacoin. On the daily chart, the price action of the Sia has completed final leg of bullish BAT and entered in the potential reversal zone. Buying and sell ranges: The buying zone starts from 0.786 to 0.886 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 . Stop loss: The maximum extent of potential reversal zone at 0.886 Fib level can be used as stop loss. Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of 160%, and the loss possibility is 45% and the loss possibility is only 8.5% Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
SLong
by moon333
1
Possible Cup & Handle forming for Siacoin Hi all, Main TA Points; *** 1. Golden Cross Formed. 2. Seem to have found support at the 61.8 FIB. 3. Descending triangle invalidated. 4. Breakout accompanied by strong volume. 5. Promising fundamentals. 6. Find bottom indicator as well as MACD suggest return to uptrend likely. 7. Ichimoku offering support as well. *** Talking Points; *** A promising project and team that has delivered a working product for some time. Fundamentally speaking a strong contender, and according to my estimations not at risk of SEC attention as they did not hold an ICO. Siacoin is not to be mistaken for Siafunds which are in fact securities and have been sold as such. We recently had a significant break out early January with higher time frames suggesting that S/R flip has occured. The current support of 61.8 fib does seem to be painting a cup. The fib retracement has been set from the high of August of 2020. The current local high has exceeded this. We could expect the handle to be formed as a retest of Augusts high and subsequent longs could be placed from the break of the neck line with stop loss just below handle at 88.3 fib as a guide. Example trade would offer 3.34 R/R ratio. *** Estimates; *** The run up to 1 US cent might have a retest of the 0.007 range, but short to mid term targets based off historicals would suggest as a run up to the 1 US cent range as the stronger resistance. Price action expected to occur over the next 14 days. Good luck, *** *** 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. ***
Long
by Traders-Corner
2
SCBTC a super bullish setupHey friends hope you are well and welcome the new update on Siacoin. Price action of SC is moving in a down channel on daily chart. And every time after reaching at support it has rallied up to the resistance. At this time priceline is again likely to have bounce from this support and forming double bottom as well. On daily chart the price action of Sia coin is also crossing up the exponential moving averages with the time period of 10 and 21. Now EMA 10 is moving up to form bull cross with EMA 21 that will be very powerful bullish signal. On weekly chart the priceline is getting bounced from 50 simple moving averages support. Before this price action was rejected by 100 SMA, therefore it can be expected that after this bullish bounce it can again reach at 100 SMA which is at 0.00000036 btc at the time of writing. The priceline of Siacoin has formed bullish BAT on the 2-week chart. The targets as per Fibonacci sequence of BAT are: Potential reversal or buying zone: 0.00000024 to 0.00000021 btc Fibonacci projection or sell zone: 0.00000030 to 0.00000039 btc Conclusion: The price action of Siacoin has completed harmonic bullish move. The price action also has good supports of 50 simple moving average on weekly chart and EMA 10 and 21 supports on daily chart. The SC is also getting bounced from the support of a down channel on daily chart therefore we can expect a bullish rally soon. However the potential reversal zone of BAT should be used as stop loss. Because if this PRZ level will be broken down then the price action can move more down for the completion of bullish Crab pattern.
SLong
by moon333