SUMMARY
Siacoin (SC/USD) could be putting in the final touches of the Cup & Handle pattern as shown in the below chart. A five wave impulse has completed (blue) and the current correction is reactionary to that. The red ABC is forming the handle and could be complete. However, the C wave could extend to 0.618 Fib levels.
The bigger picture shows that the blue five waves could likely be the subwaves of a higher degree wave 1 (white) and the red abc are subwaves to white wave 2. The MACD supports this bullish count and so once wave 2 completes, wave 3 should move violently upwards.
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From my observations the whole market is quite correlated. In the long run Siacoin is a great idea. I think that they have a great project with a great team behind it.
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Then I will look into Siacoin.
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Just let it mature. Its a good project but it still needs to gather some movement. Its been staying in the top 50 for a while so you can assume that its not going anywhere and they are working on some of the functions, even have some going. I would recommend keeping this token in their native wallet and taking a look at all the functionalities it has.
Here is a link to their site. https://sia.tech/get-started
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Siacoin just made a standart retracement to the bull trend.
Key levels are also point out.
Siacoin looking ready to MOON.
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SC was one of my earliest buys, would love to see it go MOON.
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you working hardly today .)
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lol
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yea... he dont need to work anymore... as he got his dumb fan base and some whale buddies :)
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Yup and now I'm one of those dummies trying to get my vote in before the whale does ;)
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Coins mentioned in post:
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Cup and handel formation is conisdered bullish!
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Please help. https://steemit.com/cryptonews/@hashas120/korea-s-biggest-crypto-exchange-raided-over-suspected-fraud
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Interesting analysis, I am holding over 1 Million Siacoin as of right now. I just buy another 500k after this blog. Thanks for the content! Happy Friday =]
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I'm just looking to establish a position in the Steemit community, and would appreciate to find some people like me, so we can mutually support one another. subscribe @khaled4444
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Check out my article on Siacoin! Posted this week. SIA is a golden opportunity! Resteemed!
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@haejin we welcome you to join Steemspeak https://discord.gg/9dk97mP
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i thing sia going to down trend
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