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SC 30MIN Chart 25% Possible Gain Shortterm Trade 10 Days or LessWhat is Siacoin? According to their website (sia.tech) it as follows. Sia is the first decentralized storage platform secured by blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. Sia encrypts and distributes your files across a decentralized network. You control your private encryption keys and you own your data. No outside company or third party can access or control your files, unlike traditional cloud storage providers. On average, Sia's decentralized cloud storage costs 90% less than incumbent cloud storage providers. Storing 1TB of files on Sia costs about $2 per month, compared with $23 on Amazon S3. Sia distributes and stores redundant file segments on nodes across the globe, eliminating any single point of failure and ensuring uptime that rivals traditional cloud storage providers. Sia’s software is completely open source, with contributions from leading software engineers and a thriving community of developers building innovative applications on the Sia API. Using the Sia blockchain, Sia creates a decentralized storage marketplace in which hosts compete for your business, which leads to the lowest possible prices. Renters pay using Siacoin, which can also be mined and traded. This is a very savvy tech coin and could solve many future problems in cloud storage. Check it out on github for more info. github.com The trade. This coin has huge potential long term for hodlers but this trade focuses on the short term 25% gain in the next 10 days. The chart has formed a cup and handle and the support line promotes the possibility of an uptrend break out soon. After 62% FIB RETRACEMENT at 364 Look for this coin to break out over 385 as it heads to the upper 400's for this trade. This could be a quick moving trade once it breaks out so you will have to watch this coin closely. Remember this is a possible scenario any coin can go down at any time. If the coin breaks the support line in the 360 area look for it to continue in the current downtrend channel its in. It would look for support again at 345 if this happens so a stop loss at 330 would be a good safety. Follow this trade only if you want to and never risk more then you can afford to loose. Patience is the key to everything in life worth having. Good luck and here is the trade. Entry Point .00000345 - .00000385 1) Target .00000390 (.5 FIB) 2) Target .00000416 (.618 FIB) 3) Target .00000453 (.786 FIB) Take Profit (22% Gain) 4) Target .00000499 (1 FIB) Stop Loss .00000330 10% +/- Close trade at .00000453 for 25% Gain This is a very quick trade and will require patience to complete it. Enjoy!
Long
by vthokiee97
2
Bullish 22+% Possibility Waiting for the SC to break out of the short term downward trendline and keep following the long bullish trendline support levels. We see Fib retracement towards the 475 levels. Watching this one closely over the next 1-2 weeks. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- The information provided and accompanying material is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.
Long
by MannyLo
SIASiacoin has huge potential as the forerunner in the storage space with the most market cap. Its tech alone give it value as storage increases and prices with it. SC will have a huge demand for storage at a discounted price compared to large cloud based storage companies such as Amazon and Google. Professional trading Discord Server. We discuss our ideas, findings, and news about crypto. Come check out our community if you are interested in learning more about crypto and charting. We are a growing, kind, and helpful community that strives to help others learn how to trade. Discord: discord.gg
by thaus18
Reverting to previous support levels.Good evening investors, At this moment it seems like we are experiencing fallout from a previous high of o.ooooo404. This level was gained after a 7 day spell of fallout. We rose to o.ooooo404 without establishing support, profits were taken and you can see the after effect now as we fall back down towards previous support levels around o.ooooo350 . Hopefully no one reading this got burnt and you took profit around o.ooooo390 and you can meet me at the bottom around o.ooooo350 or lower. My target is o.ooooo320 . Trading is hard work, but this is surely where the money is folks. Enjoy yourselves.
by SiaSun
Siacoin Choppy Chop landWow what a great run, another pump had hodlers at the edge of their seat in excitement. They thought it was a moon shot. The market appears to be bearish still as the bullrun gap becomes more and more narrow investors continue to be chopped . And this is no laughing matter. When #siacoin can barely hold 0.00000400 should we be celebrating ? We are on a slope , on a sled, going down. I assure you that I am unbiased, just like you, I want to make money. But I call a cat dog A CAT DOG not a DOG CAT The problem as if now appears to be created on the sellers side, if you took a moment to look at the order book you would have an idea of what I mean. So much buying pressure is created, for what? Investors don't want in at these numbers, sellers are asking for way too much and for the market to really move it needs a lot of money. This money isn't going to be generated out of thin air like a cheap magic trick so for this to happen the supply needs to find a ground that meets the demand. So unless a few billion dollars comes in spontaneously and buys in at these levels we will continue to go downward to collect more money to move the market upward.
by SiaSun
4