Siacoin (SC): Cup & Handle Nearly Complete

in siacoin •  9 months ago


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.


Then I will look into Siacoin.


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.

Siacoin just made a standart retracement to the bull trend.
Key levels are also point out.
Siacoin looking ready to MOON.


SC was one of my earliest buys, would love to see it go MOON.

you working hardly today .)


yea... he dont need to work anymore... as he got his dumb fan base and some whale buddies :)


Yup and now I'm one of those dummies trying to get my vote in before the whale does ;)

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d

Cup and handel formation is conisdered bullish!

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 =]

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

Check out my article on Siacoin! Posted this week. SIA is a golden opportunity! Resteemed!

@haejin we welcome you to join Steemspeak

i thing sia going to down trend
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