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Siacoinbtc

Siacoin back to the moon?The SC/BTC hourly chart looks very bullish. Price broke up of the Ichimoku Cloud, after a period of inactivity and sideways movement. The MACD looks like it is going above zero and thus, bullish. Also the RSI shows building up of momentum, although it is currently in an overbought state. This does not mean that the price will go down, it simply means that the move could be very strong, but there may be a small correction that allows to buy in. I think the price will briefly stop at around 70 satoshi, building a bullish flag, before going up, because this level is both an even round number and the 32.2% Fib. retracement of the previous run. Notice the similarities between this move and the move that happened in the first days of this month. I think we will probably revisit the previous high at around 115, but a more conservative target could be 100 satoshi. Stop-losses, if entering now, should be placed at around 51 satoshi. This is not financial advice, this is just my opinion. Any comment is appreciated.
Long
by Andratos95
Siacoin Price in btc chartToday we have SC/BTC on the 1h chart, as there is not a lot of data for this asset, however, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief overview. As you can see price is creating several key areas of support and resistance which we can use to our advantage. Currently, price is trading in between 58-46 sat and the trendline , if support holds and we manage to stay in this zone we will see a break of the trendline followed by a big move up! If we see a break of support price will drop to the zone below, trading between 51 and 49. A close below 290 would see price drop to lower levels. Siacoin is currently a part of my portfolio, they have excellent potential long term.
by AbdelbssetBenali
3
SIACOIN - Simple Support & Resistance. RSI / MACD.SIACOIN is another coin that has faced a run-up in price today, we are up 99% from a few days ago where the price bottomed out and started to consolidate which has to lead to this increase. You should expect the price to drop in the upcoming hours since the market may need to correct before it can continue moving upward, there are two support lines, one being the first support and the other being the secondary. If the first support is broken it is likely we will see a drop to the second one. RSI is in the overbought section which indicates a very overbought market signaling a potential decrease. MACD lines will look to cross over in the upcoming days which is also another bearish indication you want to watch out for. Orange - Resistance. Pink - Support. As always trade the lines accordingly.
Short
by thomasfar6
1
The 3rd Time is a Charm for SCBTCOf all the altcoins/blockchain projects out there, it seems that few are solving a real use case beyond creating a new digital money. Sia seems to have found a real use case for blockchain tech using it as an incentivized encrypted cloud storage system. Looking at the chart, there seems to be a couple patterns that develop just prior to big price moves. The green square is usually an initial sharp pump in price, followed by the blue square with more of a gradual rise and fall like a hill. It looks as though this could be forming again. The idea looks like it will need another month or so before the blue square pattern is confirmed, but if it is, the third wave should be imminent. In the mean time, it looks like a good accumulation zone is between 175 and 135 sats based on historic resistance/support. Put comments and criticisms in below and DYOR as always. Thanks!
Long
by Brodie_MT
2