Siacoin (SC) Trading SetupSiacoin ( SC ) is the native utility token of Sia , a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space.
According to its whitepaper, the long-term goal of Sia is to compete with existing storage solutions. It sees itself as being in direct competition with major cloud storage providers such as Amazon, Google and Microsoft . Because of its decentralized nature, Sia is able to offer competitive storage rates.
Latest news: 13 Jan 2021: Release of v1.5.4 marks an important chapter in Sia’s history - incorporating the Sia Foundation hardfork. Sia Foundation is a non-profit charged with developing & growing the Sia network.
You can also check my SC/BTC trading setup chart. I expect SC to have a strong bounce between 18-24 Jan 2021.
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SCUSDT
✳️Siacoin/USDT Analysis (16/1) #SC $SCSC has a hesitation in $0.0047 zone and if there is no more buying power, SC will fall to $0.0035 zone.
However, the thing we should be most concerned with is that the buying power in early January is very strong and very solid, so there may be strong buying force coming into SC in the coming time. So our main plan will be to wait for SC to close a 1D candle above $0.0049 to buy in for target at $0.0065.
📅NEWS
👉Feb 3 : V1.5.4 Upgrade Deadline
(twitter.com)📈BUY
-Buy: 0.0047-0.0049$ if A. SL B
📉SELL
-Sell: 0.0063-0.0065$. SL A
♻️BACK-UP
-Sell: 0.0047-0.0049$ if B.SL A
-Buy: 0.0034-0.0036$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Siacoin vs Tether USD Rising Wedge (135% Mapped)Here we have Siacoin (SCUST) in a rising wedge, it has been growing since March 2020. We will soon be talking about 2021 and 2020 will be in the past... Incredible isn't it?
In the last two weeks, SCUSDT managed to close above EMA10, EMA21, EMA50, and EMA100.
Last week we saw the biggest volume bar since February 2020... Both these signals are strongly bullish.
The RSI is at 57 weekly, which is also super strong.
The MACD is in the bullish zone.
We can expect to see Siacoin continue climbing within this rising wedge.
The next target is mapped at 135% based on the October 2018 high.
Before this one, we have a 60% target at $0.00565.
Siacoin vs Tether USD is looking bullish just like SCBTC.
Thanks for reading.
Namaste.
SiACOIN on a breakout! SIACOIN is on the verge of a massive breakout! After hitting its bottom SC is on the rise and wont be stopping anytime soon , get some while its still low. Thinking our ultimate Goal is around .00000300 before breaking higher.
SC/USD (Retested Key Level Support)💎Technical Analysis Summary💎
BITTREX: SCUSD
-Siacoin has found support at the previous level at 0.0025 dollar
-If this support area will hold for the next few days
-It will likely consolidate in a ranging market
-The best option here is to wait for the channel breakout above
-Once the channel is broken upward, buyers will start joining fast
-So please be patient and wait for proper entry and confirmation
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SCUSDT ANALYSISIt is too early to talk about this coin
But buy this coin when the resistance line($ 0,003934) turns to support line(it needs to be open close above the resistance line for 1 candle in 1d)
Other case catch with the EngineeringRobo buy signal like bull, buy1, buy2 ,moon,buy3
For example if you caught the bull signal you got %30 profit now that is brilliant.
In these days EngineeringRobo gave Sell 1 & Sell 2 and Sell 3 to Bitcoin, I am not strongly recommending to buy any altcoins at the moment
It might be have sad ending...
If you want to use EngineeringRobo please dm me.
SC/BTC (Bounce at 200D MA Support?)SC/BTC
-After the Double Top reversal, the price has dropped back to the 200D MA
-The area where the 200MA located is a confluence of the key support zone
-If Siacoin can hold current price market for the next 3-5 days
-There is a high chance to see a strong reaction bounce up to 35 sat
-Bearish side, break below trendline support will lead the price down to 20 sat
SCUSDT forming bullish butterfly | Upto 170% move expectedThe Priceline of World's 72th ranked cryptocurrency out of more than 2300 cryptocurrencies Band Protocol Siacoin (SC) is forming bullish Butterfly pattern and expected to enter in bullish potential reversal zone soon.
Lets have a look on the Sia priceline's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 127 to 1.618 Fibonacci for a perfect bullish Butterfly and then the price action will be entered in potential reversal zone of this bullish Butterfly pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $0.00113053 to $0.00077098
Sell between: $0.00140711 to $0.00208915
So this chart has potential to give upto 170% big gains.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Butterfly pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
SIACOIN (SC) STEADY BULLISH MOVESIACOIN/BITCOIN IS ABOUT TO TAKEOFF WITHIN A WEEK OR MIGHT BE TWO.
KEEP AN EYE ON IT.
SCBTC 89% Profit now and still chance for upward so What do now?#SCBTC 89% Profit Update:-
#SC blasting Guys.
Hope you all are very happy with analysis and also You learned Power of Patience Like me.
#SCBTC I told you to Buy between 24-26 satoshi and my 24 Satoshi bid also filled that Time.
So now went upto 45 Satoshi which is 89% Pure Profit.
Still #SCBTC Trading at 42 Satoshi.
Hope you very happy with our analysis.
Now Guys if You still Holding then i will suggest you to sell 50% #SCBTC here and book profit.
Because Market is very Volatile so Secure profit is Very Important.
Still more room for Upside but depends on BTC price.
Please Guys LIKE and Appreciate me for My hard work.
And Must follow me for latest crypto Updates.
Thank you.
Siacoin vs Tether AnalysisThe chart for Siacoin vs Tether (SCUSDT) looks very similar to the Bitcoin (BTCUSD) chart.
Here we have prices now trading below EMA10 with more red incoming.
The next support is MA200/EMA50, followed by the orange trendline.
Prices are likely to drop and then a small bounce, to continue lower.
Namaste.