Siacoin ready for takeoff! - Technical Analysis
NEXT STOP: SIATURN
If you believe that past performance can be an indicator for the future, than Siacoin is ready to pop. The head-and-shoulders is a powerful, easy to spot, reversal pattern. If you look at the SC/BTC graph below, you'll notice a distinct 3-hump pattern, with the middle hump reaching the lowest point.
I noticed the pattern forming about a week ago, but waited until today to make my trade. It's important that head-and-shoulders completes the 3 humps and breaks the neckline, which I've drawn as the green line connecting the tops. I've put a yellow arrow where the price crosses the neckline on June 2nd. Because this is such an easy pattern to spot, the movements are significant. From the buy signal, Siacoin had nearly 80% gains in less than 48 hours. I'm willing to bet my last pay check that Siacoin is about to fly past 800 Satoshi's.
Regardless of whether Siacoin completes the head-and-shoulders pattern, It's a quality long-term investment. I highly suggest you visit siacoin's website to learn about their low-cost decentralized cloud storage.
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Cheers,
Gayboy
it's obviously entering into a consolidation stage , just my 2 cents.
That's why you only got 2 cents
maybe you need to check it first dude!
I'm better at making sick burns than trading. Talk to me in a week and we'll see who's right.
i'll wait for it dude! and let see who's right! :)
last chance to get in
sold half my position
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dope
good job ;)
Thanks @crypt07