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Siacoin

Siacoin - Perfect bounce off support block! Siacoin has fallen into the demand OB and bounced perfectly at the bottom before rising back above the midline. We have broken below the trendline support and currently finding it hard to close above. EMAs have started to curl over but price has been so far supported by the lower EMA. If we can get above the upper EMA, we could retest the local highs and possibly make a run up to the supply zone. This dip could have been the pullback we needed to be ready to test higher. Stops would be placed below this SFP to mitigate risk if you are long. Thanks guys
Long
by CM_Trades
SC HardFork on the 31-Oct-2018 (block 139,000). Pump incoming.SC short term pump is expected on the ~31-Oct-2018 due to hardfork at block 139.000. Possible targets are 160, 230..maybe more. My advice: Do not enter just for the purpose of possible hardfork pumt&dump. Sia is a great project of decentralized data storage, so I suggest to buy as much as possible and HODL longterm. Sia is the real sleeping giant! The project is just in its initial stage and has a great team of people with very good vision who work very hard to fulfill it. The best would be if you do your own research regarding to Sia to make your own judgement. You can start here: sia.tech My personal opinion is that any decentralized cloud storage is needed in the future. I don't like how any 3rd party is overseeing my data.
Long
by MrCrypto007
2
Siacoin remains a BUY!Siacoin has returned back into the demand zone after briefly hitting highs of 118. It also bounced off of the trendline support as it returned into this block so as long as we remain inside and not below this zone, we are still bullish SC. The EMAs are a little concerning as they seem to be turning over and price returned below the fast-moving EMA after solidly trending above so a few days. We do have the pink EMA as another support level so we still don't have a reason to exit the trade but keep an eye on BTC. If BTC breaks below $6100, it could drag everything down with it especially altcoins who have had a nice run of late. Thanks guys
Long
by CM_Trades
2
There is a possibility for the beginning of an uptrend in SCBNBTechnical analysis: . Siacoin/BinanceCoin is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000680 to 0.000610). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000680) Ending of entry zone (0.000610) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.000790 TP2= @ 0.000870 TP3= @ 0.001000 TP4= Free
SLong
by ForecastCity
There is a possibility for the beginning of an uptrend in SCBNBTechnical analysis: . Siacoin/BinanceCoin is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000680 to 0.000610). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000680) Ending of entry zone (0.000610) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.000790 TP2= @ 0.000870 TP3= @ 0.001000 TP4= Free
SLong
by ForecastCity
2
A good entry for Siacoin - gains over 100% lurkingThe technical analysis uses multiple indicators. Some Moving Averages that are commonly used. Trendlines Cycles Waves Fibonacci Retracement (1 was drawn over all prices + 1 was drawn from last downfall) RSI > RSI is not a strong indicator, buy - sell undecided > The 3 trendlines going down that I drew were all broken to the up side. This is a good sign that bearish movement could be over. > 2 cycles ago, the yellow dashed arrow indicates the time before the huge breakout. It is probably no coincidence that the red trendline was crossed in the current cycle and that after the same time (again yellow dashed arrow). > The Moving Averages are lining up nicely. Strong indicator that price will move soon. > Fib levels line up nicely around 225 - 230 satoshi. That's over 110% profit and that's only Target 1. My believe is we'll head to Target 1 before the end of 2018.
Long
by Mitani
1
Sia (SC) About To Swing From A Chandelier!Siacoin about to rocket (already has partly since we got in @ 99) due to Airdrop & Hard Fork on same day, being 31/10/2018. MACD shows bullish signs. 20 EMA crossed over 50 EMA. Airdrop and Hardfork. If we get to 135 an inverse H & S will happen and either we go up or we go down as they all say on here lol. Up to 176 would be around the mark we are looking at max target range. When BTC hits it's straps later this week this will help us achieve the max target. Flag on MACD is first target. Good luck all! HTBB
SLong
by Pro_Trader_HTBB
1
Siacoin Looks Like it Will Continue to Bang As noted by myself (author) numerous times, Siacoin is probably one of, if not the most manipulated cryptocurrency out of them all in the cryptosphere. However, that does not mean that it does not represent some lucrative buying opportunities. In this piece we’re going to attempt to dissect whether now is one of those buying opportunities. Siacoin Price Analysis So, let’s dissect the picture above for a second. We can glean a few things from the image above: 1. The price of Siacoin is currently trading at a resistance. 2. The next overhead resistance for Siacoin is at roughly 125 sats, which is where that P/L box of 8.74% was drawn to. 3. There appears to have been a substantial increase in the price in the last few days/weeks. Let’s check out what’s going on in terms of the price from a zoomed out view: Since September 17th, 2018, the price has increased by 48.15%, pretty substantial. We can also see that a strong uptrend has developed as well. We also can notice what (potentially) may be a flat-top triangle formation The general characteristics of a flat-top triangle pattern (or ascending triangle formation) are pretty easy to understand from just looking at the graphics. Generally there is a resistance point that the price has continually failed to surpass whilst also posting a series of ‘higher lows’. This is a bullish chart pattern formation, and in crypto, this pattern usually plays out to a certain extent. If and when the pattern does play out, make sure that you always watch for the re-test. Below is an example of what the re-test may look like: However, before getting ahead of ourselves, it is important to see if there is an indication that the trend will continue on both the smaller time frames as well as the daily. This will help us to confirm that the price may more than likely break out in due time. Relative Strength Index(14) for SiaCoin As one can see in the picture above, the RSI(14) has posted a very good performance on the H4 chart recently. However, it is also closing in on the overbought region, which means that a potential drawdown before proceeding upward could be a possibility. We’ll need more information before we can make such a conclusion though. So, the next logical step will be to look at the 2-hour chart in order to see if that’s overbought. If that chart is reading that it is grossly overbought, then there’s a solid chance that there could be a drawdown in the price before it eventually rises again. Whether or not it will rise again is contingent on what we can see on the daily chart. Yup, so as expected, the RSI(14) on the 2-hour chart is grossly overbought at this point in time, and the RSI(14) on the 4-hour is getting to that point as well. So, an entry right now in the short-term may not be the best option for traders. Now Let’s Check Out the Daily Resolution As expected, the performance of the RSI is doing pretty well at the moment. It is racing toward the overbought zone, but it is definitely not there as of yet, so there is no danger on the daily in terms of investing that we can detect specifically from the daily RSI(14). We also have a ‘buy signal’ (the line is green; this is a custom RSI indicator), which tells us that buy signal initiated by the RSI(14) has been mostly confirmed at this point. The flat-top triangle formation is still looking solid on the daily resolution as well. Zerononcense Balance of Power RSI Indicator Readings for Siacoin The beauty of this indicator is that it detects whether there is buying or selling occurring in the markets. If the line is trending upward, that means that there is accumulation. If the line is trending downward, that means that there’s distribution. There is an RSI-like overlay on the chart as well, which gives us a sense of when the buy/sell pressure is beyond its normal limits. The line turns red when it has detected an extreme in either accumulation or distribution. This indicator is useful because it renders a lot of divergence and it shows when individual on the protocol are either buying or selling. Let’s check out the readings that we get here for Siacoin on the daily resolution. So, in specific, what we can see on the chart is that there has been a large uptick in purchases of Siacoin since October 12th. Let’s see where that point was on the regular chart: The first to the last candle in the golden rectangle above represent October 12th-18th. As we can see above, the price was trading sideways during this time period, but there was also substantial accumulation of Siacoin going on during that same period. Thus, the inherent value of this indicator has come to light once again. As noted above when reviewing the Balance of Power RSI for Siacoin, it appears that the accumulation / buy pressure is still rising at a consistent rate, which gives the impression that the overhead resistance probably won’t be enough to send Siacoin’s price back down toward the ground. Conclusion For those that can’t wait for the price to calm down, here’s the R/R on this trade: Waiting is generally advised, but operate to your heart’s content. Disclaimer: Please note that this is not trading advice of any sort.
SLong
by librehash
1
Siacoin is gearing up for a HUGE move! Siacoin has started moving off the bottom and the recent S/R flip zone is gearing up for potential massive gains ahead. Between now and the end of the month, Siacoin announced the release of code version 1.3.6, which will ensure that only Nebulous subsidiary Obelisk ASICs can mine the network, effectively blocking crypto mining giants like Bitmain. As we have seen in the past, hard forks do provide volatility in price and we could expect to see a jump in price as Bitmain gets cut-off! The hard-fork will be activated on Oct. 31 according to CoinDesk and it is currently setting up nicely. After seeing a few altcoins popping like crazy past few days, we could very likely see a spike up in Siacoin so something to keep your eyes on! Thanks guys
Long
by CM_Trades
2
SC Trading AdviceBuy Price: Yellow Line TP: Green Lines Moon: White Area SL: Red Line Invest Suggestion: 5-10 Percent Profit Expectations: 5, 10 or >20 Percent Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck! Looks Good? Leave a like, share and tell me in comments if my trading advices are working for you. Thanks for visiting.
SLong
by firdosi
7