Siacoin, sent this mail to a friend today

in crytpocurrencies •  7 years ago 

Hi Kevin

Sia support levels as stated above.

For now, I think the top one should be in play, consolidating that small gap shortly, possibly.

If a support level gets broken, rely on the next support level for stability.

All in all, I think Sia looks very healthy, if you look at the way the price moves in waves - there are no sudden surprises. Generally I think it is in an upward trend, so just hodl Sia. It's a good investment.

I've also bought high on a few occasions - the key is to pay for your sins and wait it out in penitence haha! We've all been there, mate.

There is always the bigger picture to consider - the strategy in congruence with the price of BTC.

There are signs of a Bull market for July, if BTC can break through resistance at around $2600, in which the market should ignite some thrusters on all fronts.

If I were you, and I wanted to book profits on Sia, wait for the 900sat level. I KNOW there is a gap left there from a chart I saw on Poloniex. Also consider what Sia is going to do when it reaches 900. Is Sia then heading for 1000? Then sell in that region or over.

Just hang tight buddy, it will correct itself.

Internals, pardon the lack of data:

On a daily scale, NEVER sell when Williams %R is below the -80 line. This is the buy zone. Wait for this to make a W structure, usually the price goes up from there.

Invertly, when it is above the -20 line, making M structures, that's when you want to sell (conditionally as there are lots of factors to consider on both counts, but for now, let's stick to the basics).

Relative Strength Index is neutral, so it is not overbought or oversold. This is good, if RSI heads above and there is negative volume divergence on OBV, that is when you sell.

Looks like the MACD is forming a W in the #GSPOT, so it looks kinda good but the data on that is slim.

My advice - Bull market potentially incoming. HODL, pal. When we see BTC wanting to make a dive again, book those profits, hedge, and buy back on the low.

Rgds,
EVO

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