We can see here a clear trading channel for BTC. There are two major resistance levels here, one from the upper trading range band, and another from the longer term downward triangle pattern.
looks like Sia is breaking through my long term support turned resistance lines. All of my oscillators are trying to cross over and the recent move by BTC is a huge boon for the rest of the market. Lets see if it can continue.
Sia is trading below the long term support. Then again anyone can redraw that support to make it look like support and price are aligned. that being said as positive move here is that Sia finally is able to move at least sideways off the short term resistance line (in red). Sia, like all the alt coins, will trade close to BTC. But the weekly charts are showing...
Back for another SIA analysis. Short term trendline is holding strong. I thought we were getting a breakout Sat Night but the market failed to hold on to the rally. Overall price continues to ride the short term trend (red line). On a positive note the D*ma*k indicators in the chart show that from a weekly perspective we might be closing in on a reversal. I think...
Looks like Sia bounced nicely off the bottom long term support line. I adjusted the support line just a bit as my previous lines were off by a tad. Log graphs can make it harder to draw lines as accurately as I needed to. That being said I think the idea persists and its ok from time to time to make adjustments to lines to become more accurate. We had a scare...
Bitcoin continues to consolidate and build a strong base. Im not overly bullish at the moment, but I feel like BTC continues to consolidate around the $8k level. This is good and shows demand where there has been weakness. Looking at the Daily and Weekly charts, I see a lot of potential for my oscillators to cross over to bullish territory. Given the pent up...
I know everyone is looking at the daily and hourly charts trying to find if this thing will continue falling. I can tell you the daily and hourly charts look pretty bearish right now. But any time we look at a trend on any chart, we need to compare it to a longer term trend and see how it fits within that. If my short term charts look bearish but longer term look...
Looking at the logarithmic long term Polonienx graph (most data I can get my hands on), we see the lower HA candle wick touched the lower support and bounced off. I would argue the algos are looking at this chart as well, and see the same support lines. I expect Sia to do well long term but it will be confined by this uptrend channel (ascending triangle). I would...
look like long term trend continues to be in tact This is a logarithmic scale so price moves up quickly on the right side of the graph. I see $1.00 + in 2019 perhaps higher after. Thats really only about a $30 Billion market cap, which is still fairly low considering their application and how far along they are compared to others in the space.
could bounce off support. that would coincide with a global rebound on crypto. OR we could break support and follow the defending triangle trend line. be careful here. Im still very long on these technologies, but the market has a huge stick up its butt right now.
Bull trend coming up here for Sia. Assuming no major breakdown in BTC, should see movement towards the corner of this triangle. from there hopefully no major coin market downtrends.
this is solid consolidation. Love how strong this coin holds up. Gonna rocket when the market turns :)
This coin is stuck. Moving on. This is a bottom though so if you believe this is the place to buy. But I do see more freewill if bad news comes out, and the trend from this group is down. Be careful of additional dumps from Asia.
when he trendiness are just right. Still surprises me to see millions of trades bounce of arbitrary lines.
Sia broke out of a classic bull pennant after consolidation. Nice breakout!
Sell ETH and wait for the next wave up. ETH is killing it. Short term sell. I am still long ETH
charts look to be bottoming out on my indicators. Would be a good time to load up.