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Siacoin / Bitcoin

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SIACOIN - Trend Reversal (Long)Like many other coins (BTS, STRAT, GNT) SIA has bottomed and there is a strong confirmation on the daily and 4H MACD of bullish movement. For the people who have not gotten back into alts yet, this one seems to be fairly low in price compared to BTS and STRAT which already made a bigger run up. The correction also consists of a Elliot Tripple Combo wave, which means further dump is very unlikely and things will go up from here. In the chart I put the longterm support slopes/lines which give both support and resistance when broken. Also, the Q/R/S indicate points where it further dumped and are resistance points, where people will short, so slight corrections will appear at these price points. SIA is a promising project and has great fundamentals, at the current time of being this looks like an ideal entry point to go long. If the bitcoin bullrun continues to new heights, total marketcap is likely to grow too and could bring strong coins to new ATH's. Entry: 330-370 TP1: 420 TP2: 530 TP3: 600 Stoploss: 305 For now lets ride the waves, good luck and happy trading! ;)
Long
by TheTrex
4
Siacoin - Harmonic ConfluenceHello everyone, I hope you all had an excellent trading week! Today's analysis is a follow up from my successful prediction for Siacoin (chart is shown below) before the minor altcoin crash throughout July. After reaching 840 we started a steep decline towards the mid 200's. Now that price has stabilised I'm looking for opportunities to get back in on the long term move. Price has formed a valid bullish shark pattern and a bullish deep crab, both completing in the same area. This indicates a move up to 615 in the near future. I'll be looking out for any analysis that supports or tests my judgement. Updates to follow! Don't forget to connect with me below.
Long
by LewisGlasgow
30
SiaCoin On the move UP, Breakout of structure confirmedAs per my previous analysis here: Breakout of structure has occurred and it seems that we may be at the start of an Elliott Wave 3 in progress. Price action has not been able to breach the lower major support area and is now bullish in trend. It also seems that a borderline FLAG pattern 'may' be forming, which may also confirm the possibility of an elliott wave 3 impulse count. TDI shows mid-band price action, from a previous sharkfin with blood in the water that may suggest a possible move downward to test the lower support region again, however due to the fact that the slant of the TDI bands is in an upward direction, this possibility is low probability in my opinion. I shall continue to hold my previous position on the breakout as I believe this coin has huge potential in the crypto market and once 1st August time period has passed, we should see a much clearer view of the market and possible opportunities to purchase more Siacoin. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by UnknownUnicorn661419
1