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SCUSD trade ideas

suggested entry point on SC/USDSiacoin has been on a steady rise since november however it hits a high two days ago (what could be the reason for this?) $0.071055 and retraced to as low as $0.0415 where a new support is trying to form but it is not confirmed yet,the hourly technical indicator still showing downward trend to the next support line now at $0.0367 where if successfully breached can still take the pair lower to $0.0233.If the price fails to break the support line at $0.0367 we can expect the upward trend to resume back to our previous high or even surpass it. I will buy the dip at support line($0.0367) and set take profit at previous high 0f $0.0711 or if i want to go really long i will hodl till it forms a new high anticipating somewhere around $0.0787 - $0.083 with stop loss at the next support line of $0.0230 below the 200EMA on the 4hour chart.
POLONIEX:SCUSDLong
by raybana
Buy Sia Coin Sia coin has an interesting concept that is very underrated. This coin has a solid use-case and is not very well known. BENCHMARK Sia has a circulating supply of only 31bn while Ripple (XRP) has a supply of 100bn. The supply of SC is significantly less than XRP and yet the price is far lower. Obviously, this can be explained by the maturity of XRP through the Ripple team development and the differing use-cases. However, SC is only 3c, while XRP is pushing $3.00. I can see SC reach a price of at least 20c in the near future, just like the initial rally of XRP in early 2017. I have just purchased 738k SC at 29.6c that is within the small blue box on the chart. This trade will likely experience some draw-down, especially while completing the symmetrical triangle pattern. However, I am willing to hold this until it reaches the desired target price of 20c.
POLONIEX:SCUSDLong
by GrantPeace
30
SiacoinThe idea of Sia was originally conceived at HackMIT 2013. What if you could liberate the unused storage space of the world and unite it into a worldwide free market for data? Sia leverages the capacity of blockchain technology to enable distributed networks to reach consensus in a secure and trustless way. Cryptographically secured smart contracts ensure the encryption and transfer of data with no possibility for a third party to interfere in any way. Sia is a new approach to cloud storage platforms. Instead of all datacenters being owned and operated by a single company, Sia opens the floodgates and allows anyone to make money by renting out their hard drive. Data integrity is protected using redundancy and cryptography. The promise of Sia is a decentralized network of datacenters that, taken together, comprise the world's fastest, cheapest, and most secure cloud storage platform. Today, being a major cloud storage player requires having datacenters, building trust within the market, reaching customers, and competing with giants such as Amazon, Google, and Microsoft. Breaking into this market is a multi-billion dollar endeavor. The long term goal of Sia is to be the backbone storage layer of the Internet. We believe data should be free. We aim to liberate the unused bits of the world and construct the largest storage superserver on the planet.
HITBTC:SCUSDLong
by imusaj94
Siacoin Boom-Bust CycleI've noticed that for the past two years in a row, Siacoin sustained a massive 100x rally (priced in USD) during the Spring-Summer months, only to crash and give back a large percentage of the gains during Fall-Winter. Will we see the same type of price action in 2018? It may sound like an outrageous prediction, but that would put our target at 40 cents, temporarily giving Siacoin a huge market cap of over $10B. If the entire crypto market is increasing by many multiples over this time period, perhaps this is possible.
POLONIEX:SCUSD
by KeyzerSoze03
3
Siacoin Bounced Off The SupportSiacoin has rejected the support based on 227.2% Fibonacci retracement applied to the corrective wave after the downtrend trendline breakout. The support at $0.0033 has been respected by the market and after a number of bounces Siacoin went up sharply.  It moved from $0.0033 up to $0.0055 while breaking the downtrend trendline and the 200 Moving Average. Today Siacoin approached the high established on the 9th of November and did reject it. Although it went above the 200 MA once again and stays above. The uptrend probability is high, especially if Sia manages to break above $0.0055. The first target is 127% Fibonacci applied to the corrective wave after the downtrend trendline breakout. Second target 227.2% and the Final and most important is at 327.2% that is $0.0097. It is the most important as it is based near the $0.01 psychological round number and the current upside wave could very well lead exactly to that target. On a downside, only a daily close below $0.0033 support would invalidate bullish outlook.
POLONIEX:SCUSDLong
by CryptoPAMM
9
SCUSD $0.008 After Correction? Elliot Wave AnalysisGreen = entry zone, red = sell zone Preface: I am NOT saying to enter at the time of posting. PLEASE READ. Explanation on the Fibonacci levels on the graph: -Wave 2 retraced 78.6% of wave 1, meaning that it is very likely that wave 4 will retrace, at most, 23.6-50%. Since a 50% retracement would put wave 4 below wave 1, I have only put 23.6%. -Since wave 3 did a nearly perfect 100% extension of wave 1-2, I have set the price target at a 161.8% extension of wave 1-2 on wave 5. -While RSI is performing well from high to high, it is a rising wedge. It means a short correction term is likely. If you have any questions or feedback, feel free to leave them in the comments. I have been unable to reply to comments recently due to moderation action, but if I can't respond because of this feel free to PM me. Bitcoin tip jar: 1GE36bSw7uq8CbaPoYybtEArE58qHF1uRe
POLONIEX:SCUSDLong
by gelnd