Inverted head and shoulder pattern SIACOIN/USDHi there!
I spotted this inverted H&S pattern on siacoin/usd, breakout seems to be confirmed by the volume accompanied with it.
I'm still learning so feedback is appreciated
SCUSD trade ideas
SIA chart making the case #siacoinBack 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 the trend lines are more important at the moment, but its nice to see some confirmation from other indicators.
revisiting the Log long term graph of SIA #siacoinLooks 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 there for a minute as the price dropped below $.01, but the market bounced nicely off that bottom. I don't think we are out of the woods yet as there is still some consolidation occurring at the support lines. Externalities like the G20 meetings and fluid regulatory environments across the globe are causing some turmoil, but I think this all gets sorted out. The language from these regulatory bodies consistently has been for light regulatory measures as not to completely undo this progress blockchain has made in the past few years. So overall I suspect language to emerge that supports blockchain and the underlying investments but keeping a strong eye on potential red flags such as ICO scams, misuse to hide malicious activity, and to make sure brokerages can be folded into existing regulations without disrupting the market too much..
scusd soon up?I don't think it breaks down the support line(red line).
We should be at the bottom. I will hold at least for 3 months.
Bullish Callout For Sia CoinHey you lambo hungry noobs, theres a MACD diversion on SC - $0.025 Drive - short after then re evaluation; dont wanna miss it
2 Cents aint nothing, and a drive to 3 cents may put a smile on your face depending on how much your handling.
Sia long term wedge test #siacoinLooking 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 become fairly worried if the chart broke support. The platform is usable and actively funded and developed, so seeing this coin drop beyond support level would indicated either massive global selloffs or a major loss in confidence of the platform. I doubt the latter. But that being said this movement to the support line falls inline with my expectations of price movement and gives me comfort we might start seeing light at the end of this tunnel. I would say as price approaches support there is a good case for buying. We still have quite a bit more movement either sideways to down, but we are right up against the support lines. lets see if it can hold.
Siacoin upwards potentialAs most alts this one was tracking nicely with Bitcoin but now seems in a catchup mode, 10% up potential
SC Long term #siacoinlook 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 $30 Billion market cap, which is still fairly low considering their application and how far along they are compared to others in the space.
H4 Siacoin - B/O long singal w/ measured move$SCU bullish B/O from ascending triangle could be a signal for a measured move into resistance at the 161.%8 fib ext.
I am long from the breakout, will look to take partial profits if price stalls/looks weak at the 200MA
wider crypto market currently seeing a bullish reversal, Siacoin might struggle to push higher if market sentiment sours again
Siacoin 0.12 is possibleNot bad but not so good either. I would buy anothers coins but hey whales like this coin.
Siacoin on track for $0.09 on FEB 1st, still Bullish!Same chart that i published two days ago, but the bright blue/teal arrows and horizontal line were added just now.
I updated the other chart with my thoughts on sc's performance over the past two days, and what it means for feb 1st.
for fun, i decided i'd add those bright blue/teal arrows and line to see whether i could predict (somewhat) its price on feb 1st.
if it validates, then we would be on track to see $0.20 sometime in the middle of february, but of course it all depends on the market-trends as a whole.
SC safe to enter once its past the pink line - target .056SIA exits out the pink line at the top then its moving to .056 if it exits the bottom of the triangle its moving to .027.
wait for entry confirmation when its crossed the pink line
Siacoin TOP 10 Crytpo in 2018?Nothing makes me more mad than cryptocurrency that has been pumped to moon level with no application purposes. I hope 2018 brings us more than just the hype of crytocurrencies that 2017. We need to focus on actual application purposes of the blockchain technology. This is one reason I have a lot of support for Siacoin and the use appplication it offeres. It is MORE than just a cryptocurrecy, it offers a decentralized form of cloud storage. (Only company I know of that offers this) This technology far surpasses it's closest competition, and it is offered at a ridiculous low price. This technology is what give the blockchian its value.
If you liked this idea please show support and I will post more in-depth analysis
Feb 1st --> Siacoin: $0.29, or $0.029?Taking a look at siacoin (SC), it seems like a decent bull run -- but is it time for a correction?
I've plotted some triangles, and tried to see how their trends are changing, and in my limited wisdom of noobishness, I feel as if Jan 23rd will be a good indicator of SC's price on Feb 1st.
My personal prediction: $0.09 on Feb 1st for ~200% gain. But please don't use this as advice... I barely know what i'm doing (this is only my third chart/analysis) and I'm trying to learn as much as I can!
As always, helpful comments would be gratefully appreciated!
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3rd step incomingI think we could see SC hit its 3rd step within the next few days then a little rest up before its big push. I am targeting 16 cents. The light green line moving across the top of the screen is the long term top trend from the previous alt cycle.
SIAcoin showing a drop to .047 before heading to .10SIAcoin showing a drop to .047 before heading to .10
