SCUSD trade ideas
SIACOIN and the trends and supports.This is my little TA of SIA.
I just sold out at 0,xxx71 BTC after i bought in at 0,xx57 BTC. I'm keeping ½ of my funds for a new buy in again at 0,xx61 BTC - the other half went for XRP :)
SIA Bullish RallyIt's following a logarithmic chanell, MACD Crossed bulish, Looks like RSI has bottomed and trend reversing.
Stacking up on SIACOIN Bitcoins taking a (short) breather.
Time for some altcoin buys..
First up SIACOIN. I like the pattern :)
SC Golden CrossSC has been on a downtrend for a while. However, the 50 EMA is right about to cross the 200 EMA. Looks like a good long
How To Trade CryptoCurrency - Siacoin / Dollar - SCUSDSaicoin / Dollar - SCUSD - has a future breakout level of $0.01018 on its WEEKLY chart.
SiaCoin 100% profitSiaCoin formed saucer pattern . >Broke resistance and confirmed the pattern.Price must go to 0.007.If it breaks second resistance line I guess movement to 0.012
1st target 0.007
2nd target 0.012
SIA Long - Supporting evidence.Part 2 of my earler SIA Long projection. See the original post. It may be worth hodling past 190, but I see a major retest failing at 190-200, and then it's a toss-up whether or not it increases without major news.
Siacoin looks great againSiacoin looks great again, down trend is broken & has pullback then going away!
TP 1: level 38.2%
TP 2: level 61.8%
Siacoin Boom-Bust CycleI've noticed that for the past two years in a row, Siacoin sustained a massive 100x rally (priced in USD) during the Spring-Summer months, only to crash and give back a large percentage of the gains during Fall-Winter. Will we see the same type of price action in 2018? It may sound like an outrageous prediction, but that would put our target at 40 cents, temporarily giving Siacoin a huge market cap of over $10B. If the entire crypto market is increasing by many multiples over this time period, perhaps this is possible.
Siacoin Bounced Off The SupportSiacoin has rejected the support based on 227.2% Fibonacci retracement applied to the corrective wave after the downtrend trendline breakout. The support at $0.0033 has been respected by the market and after a number of bounces Siacoin went up sharply.
It moved from $0.0033 up to $0.0055 while breaking the downtrend trendline and the 200 Moving Average. Today Siacoin approached the high established on the 9th of November and did reject it. Although it went above the 200 MA once again and stays above.
The uptrend probability is high, especially if Sia manages to break above $0.0055. The first target is 127% Fibonacci applied to the corrective wave after the downtrend trendline breakout. Second target 227.2% and the Final and most important is at 327.2% that is $0.0097. It is the most important as it is based near the $0.01 psychological round number and the current upside wave could very well lead exactly to that target.
On a downside, only a daily close below $0.0033 support would invalidate bullish outlook.
Siacoin preparing for a move up? Seems like we are breaking out the downtrend moving in an uptrend.
- Downtrend breaking
- Ressistance beaking
- Bullish divergence
- MACD breaking
-...
What are your thoughts?
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.
Bitcoin tip jar: 1GE36bSw7uq8CbaPoYybtEArE58qHF1uRe
Siacoin SC Breakout Long Weekend TargetsTA shows good probability of a breakout in SCUSD, currently #49 on coinmarketcap. See chart for targets (R1, R2, R3, etc.). Check out my previous TA ETH BTC EOS ETC XMR IOT LTC BCH, been spot on. You like, please follow me for up to date analysis. Thanks
Siacoin dailySiacoin has been lagging while it builds a base of support. The price has now broken out. Not saying it's a buy. Just an observation.
