As always this is not financial advice. Please trade responsibly.
It might be useful to trade with caution for a few reasons:
There are a couple of indications we are seeing a short-term, down-ward trend:
- regression channels on the one-hour chart with a negative slope
- RSI level over 70 indicating that SIA is becoming overbought, and may be ready for a trend...
Time will tell as to whether an inverse H&S or Double Top Pattern is forming...
Before I go into the above analysis, you may ask ask why its not a "normal" H & S:
1. There is no head. Point 3 is not higher than Point 1.
2. Point 1 and 3 are almost the same, but point 1 (peak) is slightly higher than point 3.
Why Inverse H&S?
Typically, after a peak (like what...
This is not financial advice, please trade responsibly, and happy trading!
Something I noticed, that many of you probably observed as well, SIA appears to move in parallel with Ether. Looks like SIA is holding steady at 0.026, not sure if it will correct further in relation to BTC's movement upward or downward? In any case, time will tell...
This 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...
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?
