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Storj

Siacoin SCBTC - Cup & Handle and Speculative Future TargetsTo me, Sia still seems way undervalued & ignored based on its potential - and it looks like it's forming a large Cup & Handle. Target is on the chart. And just for future reference I put some extra speculative targets, not based on anything except some trendlines I found and the fibonacci levels. Not recommending trades based off of those - but if it does shoot up those might be points to watch for if you're thinking of taking profit on the way up. My only real trade recommendation for this is to BUY & HOLD :) Normally I'd say wait for a breakout, but I think in the long term this is a no-brainer. Even if it doesn't complete the Cup & Handle or follow this chart in any way, I think a year or 2 down the line you'll regret not buying a bit of this while it's still cheap.
Long
by Oops_I_Charted
7
SJCXBTC "W" Fractal or H&S PatternStorjx/Btc forming a possible "W", which could be a fractal of a previous "W" pattern. Therefore, we can expect a retest of a historical resistance around 33k sat, possibly in the month of may. The other scenario is a formation of the second shoulder in a H&S pattern around 24,5k sat. Either way, the historical support is holding for now, so both scenarios are positive as far the price is concerned. RSI is showing room for price growth but the lack of volume is a bit concerning. If the volume increases, the formation of 1 of those patterns is that much more likely. Of course, it depends on the BTC price movement, which is unpredictable in the comming months. (PBoC, Segwit, Etf). Either way, imo, this is a trade worth taking, setting a stop under the historical support level, a 50% profit taking target on the second shoulder ("C") and the other 50% on the retest of historical resistance.
SLong
by jankojan