SCUSDT trade ideas
Siacoin vs Tether Long-term Bullish (Weekly TF Analysis)We are looking at Siacoin vs Tether (SCUSDT) this time long-term.
7 days per candle; Weekly.
The bullish bias is becoming stronger.
This week we high a higher high compared to late August.
This week we have the highest volume since April.
SCUSDT price weekly is above EMA10, EMA21 and EMA50.
The MACD is in the bullish zone and curving up.
The RSI is above 60, weekly this is super strong.
All these are bullish signals.
The more bullish signals, the higher the potential for this to grow.
I also mapped multiple targets, support levels and the chart pattern (ascending triangle) currently in play.
Thank you for reading.
Namaste.
SCUSDT NEW RALLY? BULLISH TREND Hello Traders,
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- SC is trading in a symmetrical triangle since April 2021 on our 1D time-frame chart, our EMA200 is acting as an dynamic support holding the price up , buyers are showing strength since mid September , good buying volume is starting to rise we would like to see a breakout from our triangle around 0.0245$ with a daily close candle confirmation which show us that buyers could take the price higher breaking our old R/S 0.03314$ - 0.04174$ .
- Based on our 4H time-frame chart, price action is making his way in a decent ascending channel making new higher lows with an increase volume.
-Stochastic indicator is showing positive sign , price is in buy zone territory
- I am overall bullish on the long-term for SIACOIN , from a technical perspective and fundamental side ( check the main 3 reasons down below )
(Fundamental Analysis):
1-A cost-effective cloud-storage solution
2-Peer-to-peer storage solutions
3-Security is paramount
Good luck Sia lovers!
🧜♂️SIA/SC- consolidating under key level, breakout soon?The price is consolidating under key level resistance. The current level is heavily supported by: 200EMA, dynamic support(orange) dynamic support from previous resistance(blue), local level(0.1889) and node of high volume.
Entry: buy between key level and 200EMA
Targets:
0.02155
0.02401
0.02558
0.02788
0.03444
0.03718
0.04364
0.05715
0.06398
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About SCU:
Siacoin (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. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the "backbone storage layer of the internet."
Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.
Source: coinmarketcap
SCUSDT Season has begunHello there...
SCUSDT Season has begun, for many reasons:
1- SC crossed 1d timeframe successfully.
2- SC crossed 1w timeframe successfully.
3- SC crossed 1M timeframe successfully.
4- the volume as you see are very very high from this point.
so we stilling in the begining, and we going soon to get around 223% profits,
your Welcome to the comments if you have any question or opinion :)
Thanks
Ammar
SIA Creating Cup And Handle ☕️The push back to high range is very plausible down ticks on the macd with bullish volume and being overbought we could see a slight correction like 1-2% and then gains to previous high to possibly exploring territory
Once broken that 0.024 I will take some profits and setting stop loss at 0.019
I’m very bullish on siacoin in the long run as it is a file storage solution which could become quite big running alongside filecoin
In the weekly time frame, we have an ascending triangleIn the weekly time frame, we have an ascending triangle, which I expect to start a new ascending trend with its defeat and pullback to the upper side.
I found two weekly pivots in the chart that I drew in a rectangle.
tp 1 0..02921
tp 2 0.03929
tp 3 0.04938 **
tp 4 0.08016
sl 0.01745
rr 31
This analysis is for people with a lot of patience and holders