Siacoin (SC): Curvaceous!

SUMMARY

The daily chart is really the best trend holder and it's no different for Siacoin (SC/USD). The below price pattern shows how the first blue saucer formation shot price straight up. I believe that has a high potential of repeating. The white founded formation is giving the early signs of a trend turn from down to up!

The rally into July should be quite impressive given how impulse motives just go near vertical. This straight shot move is most common at wave 5 rather than wave 3 and thus the 5th extension becomes quite common across Altcoins. What do you do when you see an extended 5th wave? Don't walk but RUN after taking your profits!

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?