Siacoin (SC) Breakout Alert, Wedge Pattern Forming
Siacoin, traded under the ticker SC, has a fantastic project and even better development team. For those of you who don't know, they are creating a cryptographically secure cloud storage solution using blockchain technology. The team has been holding off on marketing since they want to be 100% ready before they start pumping their product.
They already hold a lot of promise and are extremely undervalued in my opinion, trading at just $0.0073 USD per coin right now. According to their website they can provide a safer solution to cloud storage at just 1/10th of the price currently charged by traditional cloud services. Check them out at http://sia.tech/
Their price has recently fallen much like the rest of the alt-coin markets as they struggle to maintain balance with Bitcoin's recent price surge. As recently as July 24th it was trading at 423 satoshis and on June 20th it was trading at 838 satoshis. The price bottomed out at 138 sats yesterday and then pumped to 220 this morning around 6am. The downward angled trend that has formed a wedge pattern is actually a good sign indicating a breakout pattern. Take a look at: (https://en.wikipedia.org/wiki/Wedge_pattern)
If Bitcoin remains stable we could see a very nice jump in price for Siacoin leading to 200+ satoshis levels again :)
*Never invest more than you are willing to lose and always do your own research before making any investment decisions.
Where is the best exchange to buy these smaller coins? I have been using changely.com to trade, but they don't sell this one
I use Poloniex to buy Siacoin but they are traded on a few of the major exchanges including Bittrex
https://coinmarketcap.com/currencies/siacoin/#markets
thank you, just noticed there is market button at that page. lol
I've been a fan of Siacoin for quite some time now. As you stated, it real is an awesome project with A LOT of big names developers and experts in other helpful areas. I have nothing but faith in this coin and to see that it looks poised to really begin it's accent is a great feeling. Upvoted for ya as well.
This is the coin that has like 1,000 HardDisks, and are lending the space of them, in a decentralized form no?
For me is a winer but in the long run, nice chart, hope does not brake the support line, what is the down indicator, MACD?
Using Siacoin the users can rent out their hard drive space to people who want to store encrypted files on them. You would get paid in Siacoin for this rental. I don't use MACD very often but yes, that is my dad's favorite trading tool he always rants and raves about it :P
doubled my postion yesterday.! i love a good deal lets go SIA
The price ended up going to 203 satoshis before dropping back down a to the 190 range as BTC regained strength. That is a gain of ~14.7% :-D I ended up selling so I could re-position later BTW. Definitely a long term hold on this coin. They are putting out some new releases in the next few months too so keep an eye on them people.