SiaCoin USD setup for long confirmed Hello everyone and welcome to my analysis.
First I would like to point that last drop in price confirmed previous resistance as support and also a bit lower we have 100MA which previously worked as support what means that in the next few days we will see new HIGH with first target at 0.032 (38% gain) and second one at 0.036 (55% gain).
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."
SCUSDT trade ideas
Dragonfly Candle confirming the up directionWith the weekly candle close near 0.025 its confirming the vertical accumulation volume within the current and last week the sentiment remain bullish with more Ask orders appeared on weekly and daily candles and based on volume seen it would clear that SC will target 0.06/0.08 soon as long as 0.022 will hold the price.
Possible inverse head and shoulders - Next SIA impulse imminent Hi all,
Main TA Points;
***
1. SCBTC pairing looking to be confirming weekly S/R flip.
2. Bounced off both 61.8 fibs.
3. Hugging upper bollinger suggesting possible continuation imminent.
4. Ichis looks like they may be broken as well.
***
Talking Points;
***
After a nice pump and my previous idea successfully confirming (check out related ideas) it looks as though we are heading towards the next impulse for SIA. The whole market had a bit of a grind as Bitcoin futures were expiring, but quickly seems to have rebounded, obviously some coins stronger than others.
For those unfamiliar, SIA is in my opinion a top 5 coin from a fundamentals perspective and is vying for a large piece of Web 3.0 architecture. It has a working product, a capable team, and a foundation model ensuring its financial longevity. Having had a significantly longer than normal consolidation and accumulation period, historicals would suggest violent and powerful impulses will continue to follow from here until the end of the year.
I believe April will see the bitcoin pairing at least swing to 60-80 satoshis with the upside up to the 200's range. This, coupled with expected continued growth in Bitcoins price means that the impulse target set here is extremely conservative. Its not impossible that we actually revisit all time highs from a USDT perspective this month.
Lastly the weekly SCBTC chart is very telling. Having attempted to successfully break the 40-44 satoshi range numerous times in the last 6 months it seems as though we will finish this week with a confirmed S/R flip. This is an extremely important signal and would suggest a long term up trend is about to commence. It would also suggest the next few weeks will have significant volatility.
The above points can only positively impact the SCUSDT pairing.
***
Estimates;
***
As a measured move we are looking to test the 3.6 cents mark. I have provided an conservative trade setup having set the stop loss just below the first shoulders peak. Please be mindful this is a high risk trade, the vanilla trade would be to enter at the break and confirmation of the pattern.
I have also included an assumed bullish confirmation rebound off the yellow trend line. This trend line has been in play and established from earlier in the year. We failed to have the support resistance flip occur over the last week, I would assume this time the market would want to know if we are going to respect it for the next impulse.
Good luck, please follow and leave a comment if this was helpful to you.
SIA donations;
807db3f1186dd2a5a40418200064b44a94bffb0e32fac9e713923088a7e3bb0886c2d0281374
***
***
Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions.
All investment and trade decisions, no matter how well investigated, involve risk.
***
SIA - ✔️Q2 Pick (Amazon's Cloud Services Killer?)Hi guys,
Sia is one of our Second Quarter picks , data which we had released earlier this month on a private idea
From 0,00870 to 0,02470 the price has almost tripled in March and we have high expectations for more.
Price has broken previous resistance, came back to check it as support and looks ready for higher flights.
✔️✔️✔️ SIA offers a business model we like a LOT: ✔️✔️✔️
''SIA offers a decentralized cloud storage platform.
No signups, no servers, no trusted third parties. Sia leverages blockchain technology to create a data storage marketplace that is more robust and more affordable than traditional cloud storage providers.
On average, SIA's decentralized cloud storage costs 90% less than incumbent cloud storage providers. Storing 1TB of files on Sia costs about $1-2 per month, compared with $23 on Amazon S3.' ✔️
ref: sia.tech
Damn!! This is a HUGE PASS on the 'Fundamentals exams'✔️✔️✔️✔️
We keep on Buying 😚
Siacoin (SC) Trading Setup & Momentum #2Siacoin ( SC ) is the native utility token of Sia , a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space.
According to its whitepaper, the long-term goal of Sia is to compete with existing storage solutions. It sees itself as being in direct competition with major cloud storage providers such as Amazon, Google and Microsoft . Because of its decentralized nature, Sia is able to offer competitive storage rates.
This is my second setup for SC , as the first one went in successfully and on time! You can check it out!
As per this second setup, chart is valid as long as support mentioned is holding . I consider SC a very serious project and a long lasting one, as I was trading it back in the days.
Basically anything I'm posting is a serious project and had a lot of research before any analysis on chart.
For details comment at any time!
Don't forget to follow and like if you find this helpful!
You need to buy when no one is interested in altcoinsWe do not encourage you to buy or sell. Just walk past this asset that will probably grow by 10,000% or not. Or you will lose your money.
Nobody wants to buy at the start. But everyone wants to buy at the end.
As usual, it happens that people start buying what has already grown.
And yes, perhaps this asset will grow by 100%.
But the risk is bad. If you want to buy something safely, buy bitcoin now.
You will have less profit, but you will definitely not lose 90% of your deposit.
🆓Siacoin/USDT Analysis (16/3) #SC $SCSC has met its strong resistance, where exists a big selling force and SC may have a big correction from this zone to 0.014$ zone at early April.
But there will be a big announcement from SC team on March 20, so it may make a sudden pump to 0.028$ zone or even higher but it needs to conquer the 0.02$ zone
📅NEWS
👉Mar 20 : Annoucements
📈BUY
-Buy: 0.0137-0.0143$. SL if B
📉SELL
-Sell: 0.0195-0.0205$. SL if A
♻️BACK-UP
-Sell: 0.0137-0.0143$ if B.SL if A
-Buy: 0.0097-0.0103$. SL if B
-Buy: 0.0195-0.0205$ if A. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
SCUSDT Buy, best pair to holdHello traders!
SC is strong bullish although it's movement is similar to other pairs but it will fly quicker than other pairs.
It will give 100% gain faster than other pairs. Also, you can hold this pair because this pair is aiming to touch 0.05 for sure which will give about 350% gain.
Don't forget to hit the like button and follow to stay connected.