Siacoin (SC): Cup & Handle Nearly Complete

in siacoin •  5 months ago

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.

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.

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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

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

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

you working hardly today .)

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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 ;)

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 =]

Cup and handel formation is conisdered bullish!

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

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
EOSEOS14.809$-16.11%-17.72%
QAUQuantum0.177$1.62%-3.09%
SCSiacoin0.020$-11.11%-27.04%
WAVESWaves6.124$-3.57%-20.15%

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

@haejin we welcome you to join Steemspeak https://discord.gg/9dk97mP

i thing sia going to down trend
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