siacoin Update on Siacoin #siacoin KRAKEN:SCUSD #scusdt #siausd on the day we see a contraction phase with a possible ripsaw showing direction fakeout, next a direction to a retest to weekly trend line brake.
SCSOL_BSZEDB.USD trade ideas
SIACOIN/USD Cycle Analysis >>SIACOIN 1w Cycle Analysis<<
✨I've divided the periods on SC(sia) into 4 parts.
It's clearer with the colours.
We seem to be experiencing a repeat of the same.
✨The first downtrend on Iota lasts 798 days.
The peak we're seeing now is 910 days past the peak.
We have green BULL CHANNEL in both trends
🎪 1> Yellow Zone (TOP)
🎪 2> Blue Zone
75-week moving average (75w SMA) test and down
🎪 3> Prurple Zone
🎪> Level 4
Last accumulation and bottom part
I think that it will now exceed the 75-week moving average in the near future and the uptrend will begin.
✴️ Crypto-Cousins | When One Moves They Both Moves, SiacoinWe just looked at DigiByte vs Tether (DGBUSDT) and also DGBBTC several weeks into the past, this leads us to Siacoin (SCUSD), DigiByte's cousin when it comes to the charts. When one moves, they both move... Let's have a look.
Siacoin remained fairly strong during the correction based on a higher low vs Nov. '22.
The current action is really strong with SCUSD moving today on a full green candle above EMA100. Other pairs are still trading below EMA50, some above it but many still have to pass the EMA100 mark, Siacoin is one of those.
Moving above EMA100 opens the door for long-term bullish potential. Confirmation comes when the daily candle closes above this level here marked with a blue line at $0.00333.
It seems this will be a really strong wave... Patience is key.
Plan ahead.
Namaste.
#SCUSD - Slowly Heading to 2020 Levels?After a plethora of good trades for over 2 years now we appear to be heading down this channel back to previous #SIACOIN levels last seen in 2020.
Rejecting off this top trend line we've got a fresh Sell signal from CTv2 with the potential for 30-40% on this one!
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What Do You Think?
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SCUSD - Sat at a Critical Point. Are We Heading Up?Quite a pinch point we find ourselves in right now with Siacoin! We're touching the descending trend line after testing it a few times historically and we're also sat on a SR level which after a brief break downward we've since come back up to.
Something big is brewing here, we're thinking a large downward move is possible, around 30% losses, but a large upward move is more probable, easily hitting near 20% gains with the possibility of 40% gains up to the next real level of resistance!
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Great OutbreakLooks promising I guess,
the last runs always started with such high peeking outbreaks.
Cross fingers and hold your bags.
SCUSD - Rejected by Trend Line & Broken Below SupportThere's a few lines on this chart, all of them are relevant. We've got 2 clear descending trend lines which Siacoin has recently tested simultaneously and been rejected by them both.
After this rejection we've seen the price descend through layers of support (a historical consolidation zone, to be exact) and now we're left hanging off the underside anticipating a 20-25% price decline.
This is great news for us as we've received a Short signal from Crypto Tipster v2, bring on the drop!
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Siacoin vs USD Long-Term | 2 ScenariosHere we have two scenarios for Siacoin vs Tether, Long-Term.
Scenario #1 | Another drop before a bullish wave:
Here is an alternative view if a bullish wave were to develop now:
It is too early to say based on chart signals.
The signals are not clear enough.
We will revisit again in the near future.
Namaste.
Siacoin - short term strategyThe horizon of the double highs traces a triangularization of the Siacoin chart which, together with the close of a (more than) annual cycle, seems to create the conditions for a double low and a rebound that will culminate on the horizon and as a Fibonacci retracement "contrary".
Let's call it Bull trap, let's call it Dead Cat Bounce (when viewed on a larger time scale), the fact is that fractality and the union of similar concepts show an absolute truth, which is what denotes a "change of situation".
Why do I say situation and not trend?
Because it could happen that a black swan is created due to some war event or that a capitulation occurs, but the fact remains that the current situation will change soon.
I remain statistically inclined to recover the price to the $ 0.007 mark.
SC Best In Spot For 30x returnThis is scenario for SC I strongly believe this is going to break last ATH.
Siacoin - BullishI believe that Siacoin will give us excellent prospects for the next bullrun, it is no coincidence that it presents bottoms that recall a trend reversal in the medium term, therefore in correspondence with the next bullish phase.
I have been investing in this crypto for years because it has a hugely underrated project like Stellar's.
Siacoin is targeting 1.66$ next bull run!The chart says it all.
This massive triangle will make Siacoin skyrocket in the upcoming bull cycle.
Entry point: Current price (0.004$)
Target: 1.66$
Profit: 410x
Time frame: about 3 years ( patience is the key success element in this market )
Crypto Market Mark-Up IdeaFor the majority of coins that failed to set new highs during the recent bullish wave, it wouldn't be too far-fetched to see a nice mark-up phase fueled by smart money.
From a technical perspective the structure is all there, and from a fundamental perspective, these coins are dead... no one is watching them, talking about them, especially not buying them - the perfect recipe for smart money accumulation.
Along with the large caps like BTC and ETH going into a temporary retracement, it will be interesting to see whether or not the lagger coins simply continue to follow along with BTC, or finally have their moment.
Visualizing the scenario, an XRP lawsuit win would also be the perfect recipe for smart money to cash out once we reach distribution phase/retracement zones.
SCUSD - Investing - TargetsLong Order
Order 1: 0.00463
Long Target
Target 1: 0.13717
Target 2: 0.48339
Target 3: 0.74838
Target 3: 16.72349
Siacoin is waiting for a buy signalI had to de-risk in sia but still holding a little, loss was big. We saw a healthy market at 4cents in the past run, but what does it take for us to see this price structure price comparison to real world currency losing faith and value.
$SC SiaCoin a strong case for the bullsSiaCoin the dentralized storage platform has had a 500% increase in storage used on its network since 2021 constantly growing and repeatedly setting ATH's in usage, the network had 0.5 PetaBytes stored by its users and at writing today has 2.5 Petabytes stored on the network. Behind the scenes of the token itself, the project is consistently growing in its utility and users, the sia network and the coin are paired like an elastic band and its only a matter of time as the sia network pulls further and further ahead that the coin will shoot back to the project and catch up to the gains the network is making.
The calm before the storm.....
In this analysis i've touched on some rough wave theory on the weekly marked by points 1 through 5 and points w,x & y. Ive then also brought in the fibs as it seems to have been respected at the .236 and .5 indicating the possibility of the more significant fibs being tested.
View siastats.info to view the growth of the network.
Last Cycle 530 times. This time 120X in SCmakyour small brain bigger. its not stock is #crypto and rising stage. $1+ is the goal. You will rich if you can hodl.
not investment advice. its my prediction like i made for dogecoin. meet you all at 2022
Siacoin longtermSiacoin has been here for a while now
For this reason i expect it to stay for the longrun
Siacoin: Weekly Double Bottom with Bullish DivergenceWe have broken above a Supply Line on the weekly after Double Bottoming at the 200 Week Simple Moving Average and are now looking for major follow through in the upcoming weeks.
SiaCoin - Lift OffSiaCoin has reached a point where it is touching the overall upward trendline
Structural similarities can be drawn between the previous bull run and the current stage of this bull run
There is still more to come
The legendary SC sia coin on the way to a new recordSC has a long history as you can see from the chart, and one of the coins that look programmed in a beautiful pattern
Macro view Siacoin30 cents is a reasonable price range for Siacoin to reach this coming cycle. We had an approximately 85% correction from the high in April.
We saw the same type of correction from June to November 2017. Next rally up will probably be around 1500% from where we are right now.
There are lots of people saying this is some super cycle and the rising won't stop, it's reminiscent to what i've experienced in 2017.. But once Bitcoin tops (which it will between 150 and 300k probably) everything will go into a multi year bear market again. So get out when you've realized your profits. And get back in when correction levels are around 80% again.
