SC/USD- SIACOIN- Potential Breakout Upcoming?SIACOIN has seen some solid gains over the last few weeks as it appears to move back to previous resistance.
If it can break through this level there is potential for it to play out as indicated.
I'll be watching for a retrace to a suitable entry position or alternately move on the push above current resistance.
Caution advised picking an entry point as the recent pumps put it into a higher risk category.
As always, just my thoughts.
Do your own research and trade within your means.
This is not financial advice.
Feedback and opinions welcomed,
Bingaz.
Siacoinusd
Siacoin nearing breakout point! Scenario 1 (Green) sudden moonshoot breakout.
Scenario 2 (Red) finish the end of trend before breakout
Why I'm Betting Long on SiacoinFirst off, don't take anything I say seriously, as this is on opinion basis. That being said, let us get into my insights. 2018, I was pretty confident on Siacoin, and short target-wise, it wasn't that bad. It reached a peak of being in the top 50's, top 30's list for cryptocurrencies. However, Siacoin have went down to #64 and is a dramatically lower price compared to its peak. Yes, the crypto market crashed. However, in comparison it haven't met many market expectations. That being said, Siacoin has potential. People seem to be adopting "Proof of Space" algorithms, and the demand for Siacoin's tech seems to be increasing in that manner. Also, it seems like it does have a potential for a bull run this quarter. It is medium to high risk based off of some of its past performance, but I would say it is closer to medium risk rather then high given the nature of other altcoins out there. Siacoin does have some merits usecase wise, and it doesn't seem to be a bad cryptocurrency or blockchain company. Infact, it is worth being on your watchlist.
Siacoin mid term overviewSiacoin is a great coin with strong fundamentals.
The biggest thing we should consider now is SiaCoin Roadmap: 2020
The goal for 2020 is for Sia to become a direct competitor of Amazon S3. They hope to convince companies to use them over the competition.
In my opinion, the price of Siacoin has a large room to grow without compromising the cheapness of this network. That's why Siacoin is still a good investment.
Major support zones to consider open Long position:
1) 0.00287 USD
2) 0.00238 USD
It worth it to wait until price reaches 0.0035 and retrace to lower buy zones
Let me know your opinion in comments below. Thanks for reading!
SIACOIN Big upside potential on break outSCUSD is now on its 1M Supporting Channel. Every time the price has broken above this Zone it has rallied aggressively. In other words as long as Siacoin trades inside this range (or when ever it enters) it is a buy opportunity. During the previous two break-outs, the rallies have extended to +453% and +3864%. Keep that in mind when deciding your buy take profit spot.
Long Siacoin/BTC Weekly bullish engulfing setup forming on Siacoin / BTC.
Lower time frames have switched to higher highs and higher lows so I am taking a swing trade up to the previous lower high from EoY 2018.
Risk for my stop below the low is 15%. And my target is 69% away leaving me with a 4.7 Risk/Reward ratio.
Our Weekly Slow Stochastic cycle is also rising and price has made it above the 8 EMA showing strength from the buyers.
As long as BTC doesn't tank I believe this setup will be quite profitable.
A trader wanting better confirmation can wait for the weekly close. Do note you will reduce the R/R a bit by potentially being further away from the stop loss.
SCBTC - 20% GTDBuy Price: Green Zone
SL: Below Red Zone
Profit: Blue Zones
Invest Suggestion: 10 Percent
Profit Expectations: 40Percent
All technicall indicators of SCare turning good, when the EMA 13 cross the 50 EMA's we will have a significant grow.
MAC Lines are crossed and below the 0 Line!
SC has reached 6.5x the current price!
See me previous analysis and how profitable the are!
Sell when you get some profit, according the way you trade.
Keep following us and please like this idea.
Any doubts? Send in the comments or in our telegram or Inbox here.
Thanks for visiting.
SC BTC HEAD AND SHOULDERS
SCBTC now formed a head and shoulders pattern which is a sign of bearish ,after a small accumulation and increase based to speculation of hard fork the price went up but coulden t be sustained. Now RSI is below neutral zone(50),MACD sell volume increase and we have a bear cross and stoch is in free falling with bear cross
Target 85-83 (support levels) but last target is 80 sats
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
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
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
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.
Siacoin completing a bullish cup and handle formationBINANCE:SCBTC
Siacoin is completing a bullish Cup and Handle formation.
With such a gap in volume profile a breakout above 114 sats would bring a nice green candle to potentially 155-162 sats.
We are conservative and we choose a lower target at 127 sats.
They also announced a very positive hardfork that would surely bring more optimism in the Siacoin community, removing effectively two dominating ASIC miners from the game.
We are recommending a breakout buy at 115 sats OR wait for a retracement to the first fib level at 103 sats.
Stoploss 90 sats
Enjoy!
Just keep an eye on Sia coinSia coin a very good coin. just waiting for breakout.
I will update you guys.
Sia coin don't lose sight of it , it can generate good profits
Look at that massive volume , preparation for another rally perhaps
the rally of december/january show the same characteristics
characteristics.
Another thing that give us an indication that soon the price will skyrocket
is the macd.What I noticed is the macd turn into nearly perfect horizontal line.
Here let me show you
I ask you this ,is this the right time to sell or buy.
I will fill my baskets.Good luck to us
If I helped you profit in anyway leave a like
and even perhaps tip me.That would hurt me in the slightest
My ltc wallet:
Lcxk4jDgW8TBTakYSHdzP3p8BMV364f85s
Latest but not least sia is a strong trade you're bond to make profits if you stay patient
check btw digibyte.
Until next time ,
peace out
Siacoin: $0.25 LongI believe that within the end of this year or a really short time period that Siacoin will conservatively hit the 25 cent mark. It is also likely going to his the $0.16 mark within a week. Right now Siacoin have suffered from negative correlations, but is expected to continue going back on the rise. The Sia Core software have been downloaded over a million times representing wide market acceptance. Also, the fact is that people seem to still be expecting a potential positive correlation for Siacoin on the strong side in comparison to other altcoins.