SIACOIN - SC - WATCH OUT FOR THE ASCENDING TRIANGLE...Formation of an ascending triangle shows more bullish action incoming. Yesterday Siacoin broke the resistance level of 220 satoshis and keeps going up...
Watch out for the triangle :)
Siacoinusd
SIACOIN Rocket Ready for Takeoff 200% ReuploadedThis is a reuploaded video
If you are a member, you had alerts when this coin was below 72
SC/USD (Poloniex) SiaCoin - Buy Limit $0.01 (Target $0.08500)Market = Poloniex
Buy Limit - $0.01
Take Profit - $0.085
SCUSD $0.008 After Correction? Elliot Wave AnalysisGreen = entry zone, red = sell zone
Preface: I am NOT saying to enter at the time of posting. PLEASE READ.
Explanation on the Fibonacci levels on the graph:
-Wave 2 retraced 78.6% of wave 1, meaning that it is very likely that wave 4 will retrace, at most, 23.6-50%. Since a 50% retracement would put wave 4 below wave 1, I have only put 23.6%.
-Since wave 3 did a nearly perfect 100% extension of wave 1-2, I have set the price target at a 161.8% extension of wave 1-2 on wave 5.
-While RSI is performing well from high to high, it is a rising wedge. It means a short correction term is likely.
If you have any questions or feedback, feel free to leave them in the comments. I have been unable to reply to comments recently due to moderation action, but if I can't respond because of this feel free to PM me.
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