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SCUSD

Inverse Head & Shoulders - Long opportunity with 6:1 R:R Hi all, Main TA Points; *** 1. Inverse H&S pattern. 2. Break and retest of 20MA currently holding. 3. Bollingers continue to tighten signalling incoming volatility. 4. No relief rally in over 10 weeks. 5. Good R:R *** Talking Points; *** Going to keep it simple this time, After reaching a peak of 6.5 cents we have had a long consolidation across the board. There has been uncertainty as to whether the Crypto Bull Run is over. I am of the persuasion that this is not the case. This month is crucial for all Crpyto to regain momentum and I think we will be successful. Nevertheless, we have not seen a relief rally in the last 2+ months and at the very least I expect a retest of the ichomoku as resistance for Siacoin. Additionally we have a break of the descending trend line for SCBTC pairing. Obviously we would prefer that Bitcoin leads the charge, and its worth noting that we are still valued at over 30K which is outstanding when you think about it. *** Estimates; *** As a measured move we are looking to test the 2.2 cent region. The R:R is good on this trade. Good luck, Please consider donating, following or leaving a comment if this analysis was valuable 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.
Long
by Traders-Corner
SC; another deeper look, moon cancelled?? wtf is happening?? hmm k i went deep here guys. took a look at the coinmarketcap chart which can be good sometimes to spot big macro trends. coinmarketcap.com put it on all time and log. what do you see? see there are two macro fractals as i see it now. the obvious one which ive been focusing on and the sneaky not so great one. prob some heavy bias coming into play there too. --------------------------------------- white or red (pinky red wtf it is) two options. use your stops accordingly. this will be the last SIACOIN analysis until the price action shows us which option is to unfold. glhf
POLONIEX:SCUSDLong
by Crypto-Quantum-Fox
3