SCUSD trade ideas
Based on Elliot wave analysis and Fibs - potential buy-backThis is not financial advice, please trade responsibly, and happy trading!
After Sia coin peaked ~ $0.036USD, as expected we are seeing the price drop. We are currently moving along what appears to be the forth Elliot Wave (upward peak), which should be followed by the fifth and final wave down. Based on fib levels, it looks like this might be around ~$0.027.
It appears that this retracement coincides with bitcoin's retracement (in regards to BTC not breaking through the $60k resistance). Hope this is helpful - Siacoin is a great coin, team and overall business usecase, so IMHO there is great potential for returns in the long-run.
Follow-up on this coin - projecting a possible Wave 5Follow-up on this coin - projecting a possible Wave 5. Using the initial impulse from a breakout from the original consolidation posted/published last week. Keep an eye on up vs. down volume also.
Buy back levels for SIA?with the unprecedented bullish run we've seen with SIA, we will have to see it consolidate. The levels we can potentially buy back in 0.28 - 0.29 based on fibonacci levels. I was expecting it would be lower earlier, but the new volumes seem to be signalling more folks are recognizing the coin, what are your thoughts?
SC BROKEN THE FLAG FORMATION!!We can see some possible stage like that or higher than that position.
SiaCoin (SC) - low price with big promiseVolume has been coming in when price moves up, and there has been a splendid trend. On this 4 hour chart you can see a decent consolidation with an attempted sell-off with no result.
SC, ATH incoming then market decisionAnother alt with a clear MA as support on the 4 hour, in this case the 200SMA.
Appears to be reaching for ATH right now, at which point it could either breakout upward or slouch back toward the support MA before resuming it's upward pattern.
Either way, I love this coin.
Look at the flag formation!! If it breaks, we can see high levelIn my opinion, Sia has the potential to increase and cheaper than other coins. So, we can buy and wait for some movement.
SiaCoin - Crazy PotentialDecentralized File Storage Systems are the future. Censorship resistant, way faster and cheaper than current systems (Amazon AWS). DApps development is exploding, and decentralized storage will follow the same trend. This is the future and we are at the early stages of the Web 3.0. Currently, the main decentralized storage systems are FileCoin, Storj, and Sia (0Chain is still in Beta). Arguably, Storj and Sia are better than FileCoin. Look at their prices, and compare them to Sia.
Siacoin Bullish signalsInverted H&S, upward pointing triangle and massive fractal.
Follow the sia team on discord, youtube and reddit. Learn about this project and see how active the community is.
There are so many projects that are just hype and marketing that have way higher market caps than Siacoin. This really baffles me, all i know is that this is my top holding and will be for the next couple of years at least.
SC Ascending trianglei think we will see a few more day's of shaking out weak hands. This is very heavy resistance we're at right now.
During the previous bull market we saw huge volume with this area acting as support and resistance so there are a lot of bag holders that needs to be shaken out before we can go up higher.
First target should be around 0.025 possibly 0.03 then we will hit another point of resistance.
Siacoin Bounced Off SupportWe will see a continuation of the bull run Siacoin has been having, due to it remaining above the support.
Coinbase add coming soon for SC?Coinbase announced a list of assets undergoing review in June of which SC was included (here: bit.ly)
With the addition of NU, SNX, BNT, and many others on that list recently, SC is one of the few left.
Current price 0.0035
2018 high ~0.07
With ~45B coins in circulation for SC per CoinMarketCap, it would be a highly tradable asset to add to Coinbase's arsenal.
Doesn't Sia have a song about diamonds?Anyway...
Whether I take the measurement from the rounded bottom or that trapezoid-diamond thing, I get somewhere around the same range.
Happy and prosperous trading.
Criticism and critique always welcome
Long on SC. Fundamentals looking goodSC continue to be bullish key level for continuation of trend 0.02, next level0.03, 0.068,1.02
Siacoin Weekly , Profitable? Siacoin seems to be bullish , I think buying siacoin at this time is profitable, what do you think? Like if you agree , GoodLucK...
"You had me at Sky Net" -Sarah ConnorDo you see what i see? Is what I see even valid? Please, feel free to comment. How much profit do you see before we have to organize a resistance? Hodl with me if you want to live. Hahahah $
