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Siacoin

Siacoin Risky But Promising Chart Setup (144.4% Potential)This chart setup is looking good but a bit risky. Risky because we are dealing with early signals. We have a bearish cross between EMA21 and EMA50. A bearish cross can lead to a short-term bounce (up) but a mid-term drop (down). We are looking to profit from this bounce. All the levels are clearly marked on the chart. That is support and resistance (targets) levels. This is not financial advice. All the information I shared is for learning and/or entertainment purposes only. Thank you for reading. Namaste.
Long
by AlanSantana
🆓Siacoin (SC) Feb-10 #SC $SC . 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 0.01$ zone 🔴Buy : 0.011 - 0.01 🔴Sell : 0.013 - 0.016 - 0.02 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 0.01$ zone 🔵Sell : 0.01 🔵Buy : 0.008 - 0.0065 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
Siacoin (SC) is ready to breakout bearish pennant.Hi dear friends, hope you are well and welcome to the new trade setup of Siacoin ( SC ) Bearish Pennant: On a daily time frame, Sia has reached at the end of a bearish pennant and the movement is squeezed. Therefore, at any time it can breakout or break down this pattern. Testing Strong Support: On a long-term weekly time frame, it is very clear that priceline is testing a support of $0.013, therefore there is a more possibility of breaking out the aforementioned pennant. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
Siacoin (SC) Is Getting Extremely OversoldHi friends, hope you are well, and welcome to the new update on Siacoin ( SC ). Broke down a channel: On a weekly time frame priceline of Sia was moving in a down channel but now it has left the channel and now moving below the support. But the Stochastic is oversold which is indicating that priceline may move here sideways and we can also expect a reversal move. Broke out a wedge: On a 4-hour, Sia has broken out a wedge. It is moving above very strong support of $0.014. This level has been working as a strong support and resistance previously as well. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
The MOTHER of all Cup and Handles - SCUSD Log scale storyHi all, Main TA Points; *** 1. Log scale chart. 2. Big cup and handle on monthly. 3. 20MA currently acting as support. 4. Break of Ichi looking imminent. 5. Incredible R:R *** Talking Points; *** Going to keep it simple, Log scale is a fantastic tool to use over long term chart views as well as high volatility markets such as crypto. SCUSD is painting an enormous cup and handle suggesting a price target of anywhere between $1 - $3.50. There is a strong possibility that Web 3.0 will be the "meta" paradigm during the peak of the current bull run. Sia/Skynet is arguably the strongest offering in this space with Siacoin offering a significant investment opportunity with considerable upside. These price estimates are also inline with SCBTC hitting its all time high of 800 satoshis. Should it do this with BTC hitting upwards of 100K we are definitely talking price targets in this range. *** Estimates; *** Log scale modifies your drawing tools and I'm having difficulty calculating the exact measured move. At this price entry however, liquidating a portion of holdings at 1 dollar would be a prudent strategy having banked significant profits. I think targets should involve averaging out of the trade in this case given we are looking at a range of $1 - $3.50. Good luck, Please consider donating, following or leaving a comment if this analysis was valuable to you. SIA donations; 807db3f1186dd2a5a40418200064b44a94bffb0e32fac9e713923088a7e3bb0886c2d0281374 *** *** Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions. All investment and trade decisions, no matter how well investigated, involve risk.
POLONIEX:SCUSDLong
by Traders-Corner
7
Siacoin Trying To Go Bullish (140% Target)Siacoin (SCBTC) is trying to go bullish as you can see from the higher lows since June. Resistance is being faced right now at 33 satoshis (0.00000033) or EMA10, followed by EMA21 and EMA50/100 (34 & 35 satoshis). Finally, MA200 at 0.00000037 is the final barrier. All these levels need to be conquered for a higher high to show up (orange arrow). We are aiming at 140% as our bullish target. We have 26-27 satoshis as the main lower support. Additional details can be found on the chart. Namaste.
SLong
by AlanSantana
4
Counter-trend Rally in Siacoin, Target at 0.017Trend Analysis The main view of this trade idea is on the 15-Min Chart. The cryptocurrency Siacoin (SC) appears to have found some support around the 0.014 price level, making higher lows of 0.01425 and 0.0145. After holding the support line SC attempted to break above its long-term (470-MA) moving average. The cryptocurrency made it to as high as 0.0165. It then broke below 0.016 where it found support again at 0.0145, where it held at trend support. Now SC it back above its long term MA and in a bullish mode in the Supertrend indicator. The Awesome Oscillator supports this move by being above zero and trending higher. Also, the RSI is above 50. Expectations are for SC to rally towards the 0.017 price level. A negation of this view will be observed if SC closes below 0.015. SC’s Point and Figure Chart also corroborates this view. There has been a break of the resistance trend line as well as a positive crossover on the medium (100-MA) and long term (200-MA) moving averages. From a longer term view, on the 2-Hour chart, this move in SC still appears to be a countertrend rally as there is resistance observed around the 0.0173 level. Recommendation The recommendation will be to go long at market, with a stop loss at 0.015 and a target of 0.017. This produces a risk/reward ratio of 3. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to SC.
KRAKEN:SCUSDLong
by Ceddy86
SIA COIN- Ready for a new Liftoff?3 Reasons to Buy Siacoin Siacoin provides tangible real-world utility and an attractive investment thesis based on disruption and innovation in the cloud-storage space. Key Points The Sia network provides decentralized cloud storage in a secure way. This decentralized cloud storage is provided at extremely low prices, making the Sia network competitive with established industry giants. The security of this network is impressive, a key factor that could spur mass adoption. For cryptocurrency investors, the search for meaningful utility is always on. Finding the next cryptocurrency network with the disruptive ability to innovate in hyper-growth sectors of the economy is the goal. However, breaking into certain segments of the tech economy can be difficult. Big Tech seems to control everything these days, and cloud storage is no exception. Companies dominating the cloud storage space include major players such as Google, Amazon, and Microsoft. However, there's one upstart decentralized network seeking to take a slice of this growing pie. The Sia network, powered by Siacoin (CRYPTO:SC), is a unique offering in this oligopolistic space. The Sia network provides cloud-storage services on the blockchain. Since Sia is a decentralized service, there's no single point of failure. Users pay in Siacoin for this storage, and providers are paid in Siacoin for their troubles. Indeed, Siacoin could represent the decentralized future of the cloud. Let's dive into three reasons why Siacoin could be a great long-term investment for those seeking disruptive blockchain technologies today. 1. A cost-effective cloud-storage solution Running large numbers of connected servers isn't cheap. Accordingly, cloud-storage companies are increasingly being forced to increase prices to meet these costs. Inflation is real, and companies in many cases don't have a choice but to pass on costs to the consumer. For example, Microsoft Azure charges $18 per month for 1 terabyte (TB, or 1,000 gigabytes) of storage. The Sia network, on the other hand, charges less than $4.50 for the same service. This is a rather significant price difference and could be meaningful for companies requiring cloud-storage services at scale. If anything, the secular trends underpinning growth in cloud storage are only likely to accelerate over time. Undoubtedly, the pandemic helped accelerate cloud adoption to some degree. However, there are certainly reasons for investors to have a very positive outlook for cloud-storage providers in the years and decades to come. The Sia network's current cost advantage could be viewed positively in this light. As adoption picks up across the network, expectations are that Siacoin's value should appreciate, as well. 2. Peer-to-peer storage solutions The Sia network is the premier peer-to-peer cloud-storage solution in cryptocurrency today. This blockchain-based provider offers a solution that anyone can be a part of. Decentralization is the name of the game in the cryptocurrency world. However, most of the focus in this space right now is on decentralized transactions. For cloud-storage providers, there are other advantages of being decentralized, peer-to-peer solutions. Security is one of the key drivers of the Sia network's allure in this regard. However, the nuts and bolts of how this network operates are intriguing from this perspective. In order for a cloud-storage provider to join the network, a certain amount of Siacoin must be locked into a contract. These contracts are cryptographically enforced in the blockchain, simplifying the process for users and providing collateral to ensure both parties will be satisfied with the arrangement. Both the user (renter) and host put some amount of Siacoin into the contract. If the host fails to perform its duties or loses the client's data, the user is compensated in Siacoin. Additionally, since the renter pays upfront, the host is guaranteed to get their money from the transaction. It's a win-win. 3. Security is paramount As a cloud-storage intermediary, the Sia network's security protocols are of utmost importance to those looking at this service. In this regard, there's a lot to like about how the Sia network has chosen to think about a security-first approach. There are a few security advantages the Sia network has relative to traditional cloud storage providers. Perhaps the most obvious is the fact that the Sia network is decentralized. Since there's no central server to attack, a hacker would be required to carry out multiple attacks on various servers simultaneously in order to significantly disrupt the system. That's an obvious plus for those concerned about potential cloud-server hacks. Additionally, the hosts are anonymous, and the level of encryption and data-transfer security appears to be among the best in class right now. Anonymity is ensured. Since the owners of the files are the only ones with private keys to access the data, no one other than the owner is able to access the files. Finally, the Sia network uses redundancy, splitting files across many computers. This means that even if some of the nodes operating the network are offline for any reason, the renter will be able to access their files at any time. A potential long-term winner One of the drawbacks of many cryptocurrencies is that they power networks with no real utility outside of storing or transferring money. Other cryptocurrencies such as Siacoin support powerful utility-generating functionality in the real world. That can be both a good and bad thing. Obviously, Siacoin's value as the currency used on the Sia network is dependent upon this network continuing to grow. Unfortunately, there aren't as many catalysts for Siacoin as there are for a cryptocurrency like Ethereum, for example, where an enormous network of projects utilizing smart contracts and tokens are built on top of it. This multipurpose functionality is what drove Ethereum to the heights it has reached. Siacoin's growth may not be as explosive. There are other risks with Siacoin, as well. In 2019, the developers behind Siacoin were ordered to pay $250,000 for alleged securities fraud for offering an unregistered security. Although the SEC has chosen to take no further action against the Sia network at this time, the budding cryptocurrency world is certainly not without risk. That said, for those intrigued by the potential disruption the blockchain could bring to the cloud-storage space, Siacoin is a compelling token to consider. Right now, Siacoin is one of the top smaller-cap cryptocurrencies I'm watching for this reason.
Long
by FX_Professor
5
Siacoin bearishUnfortunately rally is done due to btc dropping significantly. Alts including sia will continue to bleed against btc money flow going red and sia broke down from trendline it held previously. Unless btc resumes bull cycle or begins a new one after a bear market, another rally will most likely not happen anytime soon. It is unfortunate as everything has been set up nicely for a great run. For now sia has entered a bear market. If a reversal appears and strength comes back into the market, I will update.
Short
by Monke555
2
SYSUSDT has good buy opportunitySYSUSDT has good opportunity to move up from 38% fib level to hit bullish trend line and move towards 161% fib level. Long term analysis indicating promising outcome. We publish precise and compact information after careful consideration which give you quick glimpse for comparative analysis. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support by share your ideas and hit like and subscribe button. Your participation support us to work more.
Long
by AussieLeader
5
SC Probably Going to parabolic Really soon!!Technical analysis: #SC coin(Daily update) * SCUSDT BREAKON the Symmetric tringle pattern AND Retested also done, the beginning of an uptrend is expected from here. *The price is trading ABOVE 50- MA but try to break the 21 MA as well as trend line , LOOK too bullish when it will trade above the both MA's as well as downtrend. it could start new really to 0.10 or more soon!! * RSI above the 55 and retesting the breakout Trendline that's means bulls are upper hand and sc will take momentum from here.. Take Profits, TP1= @ 0.02760 Done TP2= @ 0.04304 TP3= @ 0.06172 TP4= @ 0.08891 TP5= @ 0.1497 TP6= @ 0.2047 next to the moon lol SL=close BELOW 0.01290 on daily bases. 🥰If you find this helpful and want more FREE forecasts in Tradingview😍. Please show your support back🙏, Hit the 👍 LIKE button, Drop some feedback below in the comment✍️! ❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, 💪 #SCCOIN #CRYPTO #BULLISHRUN #ALTCOIN #UPTREND
by Bitking786
3
Siacoin - Long PositionSiacoin is explained as a digital decentralized storage platform. It provides an access to encrypted storage in the blockchains public ledger where user can hold any information he’d like. It’s very easy to define Siacoins idea. Siacoin takes common centralized cloud storage like DropBox or Amazon and distribute it to the shared decentralized network. Siacoin aims to make a free market-based network by providing hosts with a huge options pack, lie setting your own prices, advertising, compensations in the case of losing information and an ability to choose whether to provide storage to a client. To encourage hosting Siacoin compensates hosts job with Siacoin token – SC coin. If all the terms of client and hosts are agreed upon, file contract is drafted so while info is stored in host server, all the info about that transaction is kept in Siacoins blockchain.
by crypto-never-sleeps