SiaCoin (SC): The Extended 5th Wave Will Likely Not Allow a Quick Correction but Probably Force Time and Price Extension
Siacoin (SC) has a historical evidence of a rounded price formation that took not weeks but 6 months, as shown by the below rounded price formation. The current ABC correction also looks about half done as a whole. The bear flag has also been active in generating lower lows.
The extended 5th will shown in below chart is quite massive and vertical. This type of move requires quite a bit of time and price churning in an illiquid Altcoin. While the liqudity maturity of SC is better than last year, I believe expecting a quick turnaround might be a bit premature. The final C wave is also likely to go more sideways as a wxyxz complex type. Likely not until late April that an impulse will onset to build the right wall of the rounded price formation.
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