Siacoin completing a bullish cup and handle formation
Updated
BINANCE:SCBTC
Siacoin is completing a bullish Cup and Handle formation.
With such a gap in volume profile a breakout above 114 sats would bring a nice green candle to potentially 155-162 sats.
We are conservative and we choose a lower target at 127 sats.
They also announced a very positive hardfork that would surely bring more optimism in the Siacoin community, removing effectively two dominating ASIC miners from the game.
We are recommending a breakout buy at 115 sats OR wait for a retracement to the first fib level at 103 sats.
Stoploss 90 sats
Enjoy!
Siacoin is completing a bullish Cup and Handle formation.
With such a gap in volume profile a breakout above 114 sats would bring a nice green candle to potentially 155-162 sats.
We are conservative and we choose a lower target at 127 sats.
They also announced a very positive hardfork that would surely bring more optimism in the Siacoin community, removing effectively two dominating ASIC miners from the game.
We are recommending a breakout buy at 115 sats OR wait for a retracement to the first fib level at 103 sats.
Stoploss 90 sats
Enjoy!
Trade active
still consolidating at 109Trade active
We hit 103 sats, trade call activeTrade active
trade still active, more upside potential
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-AI Trading
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Join our Discord: discord.gg/nqSJFKc
Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523
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