Siacoin (SC/BTC): Rounded Bottoms
SUMMARY
Price and time extension is made to elongate the correction by Altcoins. For Siacoin (SC/BTC); the below chart shows that the contours of the price move since December shows to best fit that of a rounded price formation. IF correct, that'll make it a double bottom.
Filling in the subwaves shows that the complex wxyxz (red) is nearly complete, if not already and price is in the basin phase. The right wall build will require a serious rally into July.
The first alternate would be a Cup & Handle pattern and if so, the handle formation is complete. This means a serious set of five waves up needs to happen asap.
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With all the miners and ASICs going on with SIA, the price has to go up...it's about to go vertical!
Apparently, the prices will have a boost., your weekly report is very explained, thanks for always keeping us informed, regards @haejin
Siacoin as been touted by many to be a good buy am not surprised you made the time to do some TA about it.. Hopefully it will reach the potentials shown by the chart.
niiiiice
I think Siacoin is a decent project, but they've got a lot of competition now. I'm not sure they'll beat some of the others to a working product...and as we all know, whoever gets there first, wins. Guess we'll see if they can win the race.
Agreed, I'm a little less optimistic in Siacoin being the project that comes out on top in the space. definitely some opportunity to play the ST volatility though