Siacoin - Third pump?Siacoin has been in a pitchfork (log scale) since the first pump starting on May 18. It has formed two pennants since then and the first one broke out very similarly to the initial pump. I'm watching SC closely to see if the pattern will repeat for a third pump.
Entry - 550-650
Target - 750
Good luck!
SIA
Sia SCBTC - Slightly Shorter Term TargetsThis is related to my other idea:
I zoomed in so we can see the target area for the more immediate future.
Looks like we've got a cup & handle (or inverse head & shoulders, both work in this case).
It might want to extend past the target and hit one or both of the previous peaks (I labelled them on the chart) so I drew a wider target area.
Of course I believe it will ultimately blow past all of these targets and hit at least the next fibonacci level around .00000905, but thought I'd include this if you want a shorter term goal.
Sia SCBTC - All Aboard The Sia Train. Destination, Next Fib LineLots of things pointing to the .00000900 area as the next target.
We've got a channel, cup & handle , bull flag , and all the targets meet at the next fibonacci line.
I'm as confident in this one as I get. I'm already holding so I'm not looking for any particular breakout point, but I'd say now is as good a time as any if you're looking to get in. There's even a mini cup & handle breaking out right now on shorter timeframes.
Even if it doesn't work out for some reason, Sia is still a great hold - so I don't feel shy about highly recommending a buy right now.
Good luck!
Siacoin SCBTC - Cup & Handle and Speculative Future TargetsTo me, Sia still seems way undervalued & ignored based on its potential - and it looks like it's forming a large Cup & Handle. Target is on the chart.
And just for future reference I put some extra speculative targets, not based on anything except some trendlines I found and the fibonacci levels. Not recommending trades based off of those - but if it does shoot up those might be points to watch for if you're thinking of taking profit on the way up.
My only real trade recommendation for this is to BUY & HOLD :)
Normally I'd say wait for a breakout, but I think in the long term this is a no-brainer. Even if it doesn't complete the Cup & Handle or follow this chart in any way, I think a year or 2 down the line you'll regret not buying a bit of this while it's still cheap.