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Looking at Siacoin Next Moves.Hey, I am back with another Technical Analysis, this time looking at Siacoin . Siacoins project is about building cloud storage based on Siacoin currency which can be very cheap in comparison to other cloud storage providers. Okay, so that was about Siacoin in short, lets just look at the chart. You can see Siacoin have here many downtrend and uptrend lines. There is also a overal downtrend and overal uptrend which are about to traverse. What is important for Siacoin to be in uptrend and follow my drawn prediction? Well Siacoin has to always find support at this overal uptrend, also RSI on daily cannot break below 40, or it may like to 38-36 but its needs to bounce immediately, currently in downtrend headed to retest 180 support and overal uptrend level, where it needs to bounce off to remain in overal uptrend. Needs to break EMA and than 50MA , but that will happen in meantime, the thing to focus at now is that Siacoin needs to find support always at this overal uptrend . RSI uptrend would be lovely. So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel! Hope I made your view on whats going on with Siacoin somewhat clearer. If you like this Technical Analysis let me know in the comments, Likes are aprreciated, Thanks ! If this chart gets a bit of attention and I would see something worth to share on the chart I will surely do an Update .
by TiborVrbovsky
4
Siacoin (SC) - potential bottom + EASY 60-300% PROFIT.Fundamentally: Siacoin has been listed on Binance - there were talks of this in December but the CEO stated that he did not like Binance's T&Cs as SC wants to stay as decentralised as possible. However, due to binance wanting to create more decentralisation, SC has now been listed. SC also has very strong fundamentals. Analysis: As you can see on the chart we are in the accumulation zone. Volumes will increase dramatically due to the binance listing. As BTC consolidates at 6.6k before a potential further movement up to 6.9k, we will see altcoins move up. Siacoin has HUGE profit potentials. MACD supports further upwards movement with a potential bullish crossover as does the stoch RSI. When SC runs upwards it runs up VERY quickly. Buy in price: 200-220 satoshis, can buy in at higher prices if BTC doesn't drop dramatically. Stop loss: 190 satoshis. You can take profits in the yellow box, I would recommend taking a percentage of your profits and waiting for the triangle to break, if we break upwards then we can begin to see close to ATHs which is 300%+ PROFITS.
Long
by Wowmuhcharts
2
Binance lists SCCoin of the day is Siacoin. As always, listing on the new exchanges drags our attention by huge movements. To recall, Sia is a decentralized data storage platform based on the blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the participants of the network to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. The goal of the company is to provide a decentralized cloud storage option that competes with centralized legacy competitors such as DropBox, Amazon, Apple, and Microsoft. Latest news The coin showed growth attempt on 11.06, as we know this was a date of listing on the OKex. Though, did not manage to breakthrough 100-days EMA. Today Binance announced about listing: “Binance will open trading for SC/BNB, SC/BTC and SC/ETH trading pairs at 2018/06/14 11:00 AM (UTC). Users can now start depositing SC in preparation for trading.” Technicals After Listing announcement SCBTC jumped rapidly from the Bullish Trend Line, restoring all the past losses. Growth wave crossed Bearish Trend Lines, 100-days EMA and now aiming for the strong resistance zone 0.0000024 – 0.0000025. As we know, the pattern which occurs during the coins listing almost always acts the same, and as soon as arbitrageurs equal the prices, there will be a noticeable retrace. As we are close to the strong resistance area, and already saw almost 30% growth, that moment could happen soon. Nonetheless, overall effect from the listing should be positive, since this will greatly increase the inflow of capital. So, if you believe that this rally will go much higher, be aware of 0.0000024 – 0.0000025 zone, if SCBTC will cross it easily, like other levels – there is a chance to reach much higher. Otherwise, it is better to wait for the correction, and than buy-in, support levels for the correction are 100-days EMA and 0.000002 – 0.0000021 zone.
Long
by DestinationMoonCrypto
4
There is a trading opportunity to buy in Siacoin Ethereum ...Technical analysis: . SIACOIN/ETHEREUM is in a range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Trading suggestion: . The price is in a range bound, but we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.0000245 to 0.0000208). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0000245) Ending of entry zone (0.0000208) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00003030 TP2= @ 0.00003252 TP3= @ 0.00003715 TP4= @ 0.00004444 TP5= @ 0.00005110 TP6= @ 0.00009500 TP7= Free
Long
by ForecastCity
There is a trading opportunity to buy in Siacoin Ethereum ...Technical analysis: . SIACOIN/ETHEREUM is in a range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Trading suggestion: . The price is in a range bound, but we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.0000245 to 0.0000208). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0000245) Ending of entry zone (0.0000208) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00003030 TP2= @ 0.00003252 TP3= @ 0.00003715 TP4= @ 0.00004444 TP5= @ 0.00005110 TP6= @ 0.00009500 TP7= Free
Long
by ForecastCity
There is a trading opportunity to buy in Siacoin Ethereum ...Technical analysis: . SIACOIN/ETHEREUM is in a range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Trading suggestion: . The price is in a range bound, but we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.0000245 to 0.0000208). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0000245) Ending of entry zone (0.0000208) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00003030 TP2= @ 0.00003252 TP3= @ 0.00003715 TP4= @ 0.00004444 TP5= @ 0.00005110 TP6= @ 0.00009500 TP7= Free
Long
by ForecastCity
There is a trading opportunity to buy in Siacoin Bitcoin ...Technical analysis: . SIACOIN/BITCOIN is in a range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. Trading suggestion: . The price is in a range bound, but we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.00000185 to 0.00000157). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00000185) Ending of entry zone (0.00000157) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00000239 TP2= @ 0.00000264 TP3= @ 0.00000319 TP4= @ 0.00000393 TP5= @ 0.00000453 TP6= @ 0.00000745 TP7= Free
Long
by ForecastCity
There is a trading opportunity to buy in Siacoin Bitcoin ...Technical analysis: . SIACOIN/BITCOIN is in a range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. Trading suggestion: . The price is in a range bound, but we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.00000185 to 0.00000157). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00000185) Ending of entry zone (0.00000157) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00000239 TP2= @ 0.00000264 TP3= @ 0.00000319 TP4= @ 0.00000393 TP5= @ 0.00000453 TP6= @ 0.00000745 TP7= Free
Long
by ForecastCity
3
SiaCoin is Ready to Breakout !!SCBTC is now at the bottom of the neckline. The price action is touches 3 times at the resistance trendline.. Resistance trendline is confirmed. Its time for the breakout .. If it Successfully break this resistance trendline, then we see a bullish rally towards all time high.. Technically, MACD crossover found , which is a bullish signal. RSI Oversold zone with divergence, which is another bullish sign. *****If You Like My Ideas,then hit the like button & Follow me for Latest Updates..****** Disclaimer: I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** " Be Happy, Be Disciplined & Keep Smiling "
Long
by iamiyaranjan
3
SC correction time before next stop at 2831D chart is very positive. It found support at 196 and starting its grow towards next target at ~280. The coin has a lot of potential and certainly worth buying for both day trading and midterm investment. At 4H chart SC had all five Elliot waves and currently is losing its impulse. If I had any I would sell now. Perfect pick up zone should be somewhere between 221-226 as it is just above 4H SR zone. I'll put there a small order but hope I will have a chance to watch and trade it myself in real time. Next sequence of Elliot waves will bring SC to 283 at 382 Fibonacci ans SR line. Do you feel the beauty of this mirror play of numbers? =) Another scenario is when it doesn't fall that much and get stuck in a channel between 230 and 240. It will be clear by stoch RSI indicators All depends on King Bitcoin mood of cause. Mentioning the King, it is very volatile lately but that is because it is bouncing of global uptrend line and so far so good. On 3D chart it is only starting its uptrend so I feel soon we'll see it growing to 8500 and once it is there 9800 is only a matter of time. I'm not going to cut anything off but 12500 is a 146% target this year ;)
Long
by WiseAnalyze
$SC #SIACOIN - Is SIACOIN ready for a move up or fall down?Hello Lads and Ladies, Today we are looking into a highly traded coin on many exchanges SCBTC. As we can see in the chart, we see a big triangle forming and getting very close to an end. Looking at the fibs retracement starting in the beginning of the triangle, these have been respected all along. Therefore we will most likely see a very important and dicing point when SCBTC hits 300 satoshi again. Either it will retrace back to the big increasing trend line or will have a move upwards towards the range of 378 and 455. ANYHOW, there is still a possibility that it will just break down from the trend line and retrace back to 44 satoshi, this is a worst case scenario that is very unlikely to happen. Therefore, I would say overall we are in an uptrend movement and we will see it continue for quite a while. The next time we see SCBTC hit 300 will be deciding point, it seems like that we are going to test it very soon although not too soon because looking at RSI we are very close to 80 points, which have NOT been crossed a lot of times before. Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Cheers, Tomas
Long
by KongTrading
Siacoin, stop falling already!Coin of the day is Siacoin. Long time no hears, the coin was falling during whole May and now seems to be bottoming, could be a nice opportunity if we are going to grow at least. Sia is a decentralized data storage platform based on the blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the participants of the network to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. The goal of the company is to provide a decentralized cloud storage option that competes with centralized legacy competitors such as DropBox, Amazon, Apple, and Microsoft. The project is aimed at the topical and rapidly developing niche. SiaCoin is often being criticized due to controversy about highly competitive niche with such leaders as Google and Amazon. Latest news Will be Listed on Hong Kong-based exchange OKex (SCBTC ticker) A detailed schedule of the listing process: 1. SC deposit - 16:00 Jun 7, 2018 (Hong Kong Time, UTC +8) 2. SC/OKB spot trading - 16:00 Jun 8, 2018 (Hong Kong Time, UTC +8) 3. SC/BTC, SC/ETH, SC/USDT spot trading - 16:00 Jun 11, 2018 (Hong Kong Time, UTC +8) Technicals The coin was falling since 28 April showing almost 45% fall, when SCBTC tested Bearish Trend Line and 0.000003 level, the coin spent a day above the 0.000003 level but did not manage to hold on above and went down. Siacoin found a bottom slightly below the 0.000002 level at the end of the May. For now, SCBTC has formed a bottoming pattern on the 0.000002 level and gained volume and upward momentum mainly due to the OKex listing news. From the upside, SC has two strong resistances: 100-days EMA and Global Bearish Trend Line. A breakthrough of these levels can shake a May downtrend tendency and bring the coin to the new rising cycle. 0.000002 level is a support, which should stay strong to support a bottoming scenario. Otherwise, the coin will come back into a bearish bias.
Long
by DestinationMoonCrypto
Siacoin VS Bitcoin Approaching Support AreaSiacion has reached the high, hitting 330 satoshis, after wich a corrective wave down begun. Currently SC/BTC is trading at 230 satoshis, which already has resulted in a 30% loss against the Bitcoin. At the same time Siacoin is approaching a strong support area between 180 and 200 satoshis, not to mention the 200 Moving Average, that also could act as the support. While Siacoin getting lower and lower the price is getting more and more attractive for the long term investors and at some point the next wave up could begin. It is important to watch the support area and/or perhaps the bounce off he 8/1 Gann Fann trendline or the MA. While price is above the 180 satoshis the probability of the uptrend continuation remains high and current wave down should be considered as only a correction. The nearest upside target is seen at 927.2% Fibonacci retracement level applied to the corrective wave down after the downtrend trendline breakout. This is 500 satoshis area, and if reached SC/BTC is likely to form a double top. On a downside, break and close below the 180 satoshis could result in double bottom formation sending price down to 100 satoshis area.
Long
by CryptoPAMM
4