Looking Promising...The Green MA is higher than the Energy in all the near term group of timeframes and the Red RSI has made contact with the Green as it rises in the 1d, 2d & 3d indicating bullish sentiment. The Red RSI is also above 50 in this group of TFs. In the 4d the Red RSI has made contact with the Green MA as it falls which is bearish for that timeframe. We can see that the Energy has fallen below 50. However, from what I can see in higher and lower timeframes I think there is a good chance that the Green can turn up again.
The Green is also higher than the Energy in all the short term group of TFs too and the Red RSI is significantly above 50.
We're looking good against the BTC pair too.
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Short Term
SCUSD trade ideas
Siacoin is Underrated, Next Wave Up Opportunity!In regards to technical analysis, I seriously believe that Siacoin is underrated and has much higher bull run + gains ROI potential compared to some of its counterparts. This also has to do in part w/ chart patterns, sentiment regarding their network, and the hard fork. The support should pickup, and a retracement wave is possible from the previous bearishness wedge. Please keep in mind, everything I say is on an opinion based basis. Please invest at your own risk and do your own due diligence.
Siacoin 2 year inverse head and shouldersBitcoin is in price discovery. Last time it topped the capital rotation into alts was absolutely biblical. I rode this in 2018 and have be accumulating in this head and shoulders trading range for the past 2 years.
Right now we are teasing a breakout and should the 0.005 usd level hold, it will be the highest daily close in 2 years above this major resistance.
On top of that this company is a decentralized cloud storage company with a very active development team and an excellent product that is extremely competitive in cost and speed.
SC/USD (Retested Key Level Support)๐Technical Analysis Summary๐
BITTREX: SCUSD
-Siacoin has found support at the previous level at 0.0025 dollar
-If this support area will hold for the next few days
-It will likely consolidate in a ranging market
-The best option here is to wait for the channel breakout above
-Once the channel is broken upward, buyers will start joining fast
-So please be patient and wait for proper entry and confirmation
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SC/USD to new price levels?Will we see the wave play out through the final run up and subsequent a,b,c correction? after the correction we could see a new rally take the price to new levels. The jump could also take place much sooner! all SkyNet needs is attention, they already have revolutionary FREE tech!!!! Wake Up People!!!!!
If you have ever used dropbox to get around email limitations or for security reasons, Just check out siasky.net for yourself, wicked fast and zero quality issues, all free to the user and how the internet should have been from the beginning.
GET F****** LONG!!!!!!!
SC/USDA closer look at the W forming in SC/USD, breaking down my weekly chart idea in the daily chart, providing purely speculative price targets based on R&S (resistance and support) line intersections. Obviously, the technicals(10&20 EMAs) point to an uptrend, trading with the trend puts you in a long, buying or adding to positions on the dips. Fundamentals look nice for a trend continuation, as some devs have even mentioned officially that big things are happening in the month of November.
Hoping to put a video on youtube, further detailing this analysis.
I am not directly compensated by anyone. The only crypto I currently hold SC(for the possibility of a Skynet pump). The only stock I currently hold is SWBI (for the election cycle..... charts don't lie)