Three scenarios for SC
Updated
SC has been rising in a nice channel for a while. I have outlined three possible scenarios in the coming weeks.
1. SC continues in the wedge and breaks out.
2. SC fails to break out of the wedge and instead falls back to the upwards channel pattern.
3. SC fails to break out and then falls out of the channel back to previous support lines.
I believe that scenario 2 is the most likely. As usual, buy low sell high!
Thanks to Maximilian108 for the heads up on this Wedge.
1. SC continues in the wedge and breaks out.
2. SC fails to break out of the wedge and instead falls back to the upwards channel pattern.
3. SC fails to break out and then falls out of the channel back to previous support lines.
I believe that scenario 2 is the most likely. As usual, buy low sell high!
Thanks to Maximilian108 for the heads up on this Wedge.
Note
Looks like Scenario 3 was the one that happened. Congrats if you bought under 550 sats!Note
SC will probably test support again at around 520 sats, could drop down to 475, but I doubt it. Buy as low as you can and ride the channel back up!Trade active
Buying under 500 satsNote
Descending triangle forming. Expecting breakout in the next two days or so, hopefully sooner.
Note
Red Wedding for all crypto. All bets are off until it stabilises.
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