Siacoin swingsPlease see the charts attached predecessor for a deeper insight.
My initial analysis has been validated by the price's bounce as predicted.
SCUSD trade ideas
SIA - Wow what a FIB!If the price approaches the fib circles one may expect local changes in trend and price momentum.
The dashed line within the fib circles shows the current trend, it shows too how those have been set in place.
I started with the current change in trend and prolonged it towards the intersection of 2 former up trends.
This turns out to be incredibly well aligned with the current long term support and some resistance levels.
Enjoy
SCUSDLooking for a long opportunity? watch for prices to pull back and bounce at the support trendline around 0.02107068 and only take a long position if prices continue to the upside with supporting volume
Siacoin rising(ASC) wedge on one hour timeframeSIA will likely encounter a correction towards the .5 Fib support line.
I recommend selling below 175 (.236 Fib) and aiming for a buy at 150.
The pattern has been confirmed by 7 distinct alternations of the price.
The decline in volume as well as the broken trend in MACD are fortifying the scenarios likelihood.
Im still quite a rookie so consider this not as an ultimate valid advice.
I'll publish an i depth analysis of SIA next week, I'm a software architect and analyst, therefore quite capable of constructing and connecting crypto to everyday application.
Sia is my absolute favorite, low CAP, advanced 0.00% and sophisticated development and hell, the use case is a perfect match concerning evolution of computer science.
Regards Nik
What's up With SiaCoin?Siacoin is indeed a great project that one day could pay off big time. As it continues to trade near the very bottom, with the current price standing at $0.014, the growth potential is truly enormous.
Since 18th of March, after hitting the bottom at $0.0082, SC/USD started to move higher producing higher highs and higher lows, while at the same time breaking above the 200 Moving Average. Siacoin reached $0.016 high and corrected down to 50% Fibonacci retracement level that has been rejected together with the 3/1 Gann Fan trendline.
It seems that $0.012 is a strong demand zone and the very beginning of the long term uptrend. Perhaps such a low price will never be seen again. Of course this is pure speculation but it certainly can become the reality.
Sia crossing over #siacoinlooks like Sia is breaking through my long term support turned resistance lines. All of my oscillators are trying to cross over and the recent move by BTC is a huge boon for the rest of the market. Lets see if it can continue.
SC - Long Term Wave Analysis SiaTech is issuing 750 SiaFund Tokens in what they are calling a TSO (Tokenized Security Offering) 04.16.18 auction start date. This news could be used to trigger the start of the 3rd wave. Based on my overall long term Elliot analysis, SiaTech should see new ATH in 2018.
SC/USD - 4/11/2018Good Afternoon, Traders!
Siacoin has been trading in the bearish direction since the beginning of the year and has recently began consolidating above the 0.0103 support level and the 0.0140 resistance level. Along with this, the price as been running above the 2/1 Gann fan line creating a very short ascending triangle from the three lines.
The Exponential Moving Averages show that the EMA 20 has been below the EMA 200 since mid March and seems to be slowing down. This consolidation could result in a reversal causing the EMA 20 to start moving back up.
The Ichimoku line remains red indicating it will continue bearish or be met with the resistance line at the red.
Important Resistance Levels: 0.0140, 0.0229
Important Support levels: 0.0103, 0.0086
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Written by:
Hammad Fazlani
Research Analyst
Sia and the tricky sitchy #siacoinSia is trading below the long term support. Then again anyone can redraw that support to make it look like support and price are aligned. that being said as positive move here is that Sia finally is able to move at least sideways off the short term resistance line (in red). Sia, like all the alt coins, will trade close to BTC. But the weekly charts are showing possible crosses.
Possible Inverted H&S SIACOIN/USDHey there,
I did an analysis earlier on siacoin calling a breakout of an inverted head and shoulders pattern..
I now believe i was looking at it the wrong way, i saw the final rise of the head as the breakout of the pattern.
Now looking at it, it seems more logical that the right shoulder is just starting to form.
For the pattern to be confirmed we need to see a rise in volume during the ascend and breakout of the right shoulder.
I'm not a pro, and still learning so feedback is appreciated!
Inverted head and shoulder pattern SIACOIN/USDHi there!
I spotted this inverted H&S pattern on siacoin/usd, breakout seems to be confirmed by the volume accompanied with it.
I'm still learning so feedback is appreciated
SIA chart making the case #siacoinBack for another SIA analysis. Short term trendline is holding strong. I thought we were getting a breakout Sat Night but the market failed to hold on to the rally. Overall price continues to ride the short term trend (red line). On a positive note the D*ma*k indicators in the chart show that from a weekly perspective we might be closing in on a reversal. I think the trend lines are more important at the moment, but its nice to see some confirmation from other indicators.
revisiting the Log long term graph of SIA #siacoinLooks like Sia bounced nicely off the bottom long term support line. I adjusted the support line just a bit as my previous lines were off by a tad. Log graphs can make it harder to draw lines as accurately as I needed to. That being said I think the idea persists and its ok from time to time to make adjustments to lines to become more accurate. We had a scare there for a minute as the price dropped below $.01, but the market bounced nicely off that bottom. I don't think we are out of the woods yet as there is still some consolidation occurring at the support lines. Externalities like the G20 meetings and fluid regulatory environments across the globe are causing some turmoil, but I think this all gets sorted out. The language from these regulatory bodies consistently has been for light regulatory measures as not to completely undo this progress blockchain has made in the past few years. So overall I suspect language to emerge that supports blockchain and the underlying investments but keeping a strong eye on potential red flags such as ICO scams, misuse to hide malicious activity, and to make sure brokerages can be folded into existing regulations without disrupting the market too much..
scusd soon up?I don't think it breaks down the support line(red line).
We should be at the bottom. I will hold at least for 3 months.
Bullish Callout For Sia CoinHey you lambo hungry noobs, theres a MACD diversion on SC - $0.025 Drive - short after then re evaluation; dont wanna miss it
2 Cents aint nothing, and a drive to 3 cents may put a smile on your face depending on how much your handling.
Sia long term wedge test #siacoinLooking at the logarithmic long term Polonienx graph (most data I can get my hands on), we see the lower HA candle wick touched the lower support and bounced off. I would argue the algos are looking at this chart as well, and see the same support lines. I expect Sia to do well long term but it will be confined by this uptrend channel (ascending triangle). I would become fairly worried if the chart broke support. The platform is usable and actively funded and developed, so seeing this coin drop beyond support level would indicated either massive global selloffs or a major loss in confidence of the platform. I doubt the latter. But that being said this movement to the support line falls inline with my expectations of price movement and gives me comfort we might start seeing light at the end of this tunnel. I would say as price approaches support there is a good case for buying. We still have quite a bit more movement either sideways to down, but we are right up against the support lines. lets see if it can hold.
