Best Case Scenario for SCSlightly bullish rise in Stoch RSI following an attempt to break the upper bound of the triangle last night. MACD Looks nice and tight, ready to cross over but volume has to pick up.
Best case scenario at the time of this chart is sideways movement bouncing off the channel around 380-400 then making a move up to 520. After that a slight retrace to 475 then retest all time high at 670 range. I won't make a projection beyond that. If volume does not pick up, we could see a drop back down below 300. Good project and development. Upward movement seems not a question of "if", rather "when".
These are not buy/sell suggestions, just my projections.
SCBTC trade ideas
Staircase formationNot good, bad, very bad. Currently just at the overbought line struggling to keep 380 is not a very good sign at all. The momentum is still leaning towards greater loss I do think we will fall below 0.00000300 so I put my sights on 0.00000200. I haven't fell for any fakeouts and since 0.00000499 that is all we have been seeing. The market is currently bearish and I expect it to be bearish until around the middle of february. Their is space to make a few dollars if you swing trade 100,000 USD worth of SIA however in my humble opinion it's not worth the risk.
Have a nice day.
SC - Bullish - Trade with Potential Profit > 2xHere is a potential trade setup for SC, which has been doing very good recently. Seems like there may be another potential bullish run with possible high profits. Targets, supports, resistances etc are shown in the chart. I'd consider this short to midterm trade, considering the bearish BTC market. There might be some sideways/ranging and small local pullbacks, but overall it will mostly likely be in bullish mode.
*** This is not a financial or investment advice. Trade at your own risk and do your research before any trade.
Siacoin Bullish for now. Quick profit!Siacoin showing Bearish ABCD Pattern! Gonna follow it for now. However, the market has been unpredictable, staying ready for a reversal of any sort
If pattern stays intact. Selling at around Point D!
*I am Not a professional, please research on your own before investing.
Siacoin has an incredible potential for the long run $2.10Following a downtrend, the Rounded Bottom forms a gradual bowl shape re ecting a gradual shift in the balance of supply and demand. Investors were indecisive and did not if it was a good idea to keep investing in Sia. Followed by that, a quite long period of inactivity, the bottom of the bowl that I drew for you, and it is when the price patterns starts it upward turn. Volume start to increase and I see a vertical movement of the chart in the next month.
HODL and be patient.
Targets I have in mind: 512,573,623,672,742,832,1091,1510
- Target 1: 512
- Target 2: 573
- Target 3: 623
- Target 4: 672
I believe that these targets are achievable by the mid Feb and I will keep updating this chart for the next targets that seem crazy but achievable.
Leave your comments below if you would like to know more about any other coins, I can work on them for more chart analysis.
SIAcoin, the phenix who didn't dieWhere most of the projects would have give up, if they had been going through crisis such has the one SC have been through in Q3 2017, the Sia project keep going and is was up 997% since lowest 2017 until the correction from this week that all cryptos have been through, (-43% for SC) and still up 772%. This resilience prove a strong will to outperform their peer.
What have driven my analysis here is the recent publication from Bitmain to support the SC mining and to deliver the A3 Miner. This has push a wave of talk on Reddit, Blogs, Telegram, etc. and give interest to people who were doubtful of it. The delivery of those should be planed next week as the last of them (currently SOLD OUT) was shipped.
This is set the clearly augment the difficulty of mining. Some says this should increase it up to 900%. Therefore, I expect those miners to refuse to sell at a lower price as the electricity, and his cost, required to mine would give them a low / negative return. This hodl will lower the sell side while the buy side should keep rising due to interest in the coin and his recent media attraction.
If we get back to the graph analysis, we clearly that the 428 resistance was breached before the correction, but reappear during the rebound. The current volume is to low to breached again. The out performance from SC over BTC could be due to the low traded volume but can also be a sign of a clear potential of Siacoin.
We can also see that the regression trend slightly differs from the trend base on lowest trade during the period. This could indicate either an actual overpricing which could led to a fuliginous correction, or the announcement of a exponential rise rather than a linear rise.
To conclude, I would like to draw your attention to the reaction from Obelisk and Sia founder : “Bitmain has a long history of being abusive towards coin communities, their customers and towards coin developers. We prepared for something like this by adding an extra feature to the SC1. We can do a soft fork that slightly changes the PoW algorithm which would invalidate the Bitmain ASICs, but allow the SC1 units to continue working. In the event of an attack from Bitmain, we can activate this soft fork.” “At this time, I do not think it is necessary, but if they start mining empty blocks or otherwise prove problematic for the network, we have recourse that does not involve destroying the usefulness of the SC1 units. This fork would, of course, require community adoption, it's not something the devs could decide to activate on their own. It would be a UASF because the majority hashrate would not be standing behind the soft fork.”
This uncertainty is a factor that no one should ignore...
Analysis done by The Foil
20.01.2018 12:20 CET
----
Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
SC - SiaCoin - ShortSC was one of the few coins to breakout upward during the crypto correction and has been a solid investment for sometime with heavy investment coming form players with deep pockets.
However, following the breakout it has formed a bearish ascending wedge. SC is facing heavy selling pressure and there a divergence has formed between technical indicators and the price.
Due to the TA on the chart and divergence of the indicators, I expect a pull back in price.
Consider a short position here. correction ahead before jump!Since USC and BTC price of SIA are very split at this time,
there will possibly be another correction for the BTC price
to match USD price again.
As soon as BTC rises and correction is done we should start
our flight.
Get ready and tighten your seatbelts!
$SIA Strong Bull After Dump. Strong Catalysts Coming UpSo Sia Coin Should have just gone on another bull run right before the market dump. Now that we've corrected it has recovered stronger than a lot of coins. I'm in $SIA from a bad position prior to the dump and waiting on a full retrace. Going to see how this next few hours plays out with Sia.
Catalysts :
January 16 : Bitmain Released new Antminer A3 which is the first commercial miner for coins like Sia. Strong catalyst but could take time to react in price
January 21 Difficulty Adjustment Hard Fork
March 31st Software Upgrade allowing file recovery from seed files
