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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 $0.0230 below the 200EMA on the 4hour chart.
POLONIEX:SCUSDLong
by raybana
SiacoinQ: When to buy Siacoin ? A: Now it's only 0.03$ for coin. Q: Why to buy Siacoin ? A:The 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. Q:How much can go Siacoin ? A:n the following years can reach 1$.
BITTREX:SCUSDLong
by imusaj94
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
SIA Going to .04 before NYE?Could we see Sia reach .04 before the end of the new year? I am as tired of McAfee as the next guy, but Sia has a unique value proposition with cloud storage that could revolutionize an industry. Will this utility translate into investor success? For me, it's too cheap not to jump in and see what happens. I believe that Blockchain when leveraged correctly can revolutionize the business world, and reduced cost in cloud storage would be a huge win; especially if retrieval of documents from a decentralized storage location offers users a more efficient method of retrieval. While it appears that Sia has a small team, they are a couple of Harvard grads which is attractive, I mean, Mark Zuckerburg dropped out, and created Facebook so that counts for something, right? But seriously, I like the value prop of Sia and hope that these guy nail decentralized cloud storage. A project to keep an eye on, regardless of investing. Side note: I also wish that Elon Musk tweet was real, but what can you do, still like the outlook. Maybe he will tweet about it for real some time soon.
BITTREX:SCUSD
by opsaltd
3
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
Supports for SiaEven though riding the BTC waves, SIA respecting lines nicely like the top reversal perfect with resistance trend formed by previous two tops, making the supports formed more reliable, even in the face of BTC movements. Expect support at first purple and first red horizontal, next tried and tested supports would be the lower purple. Even if BTC drops to its 9-10k supports I doubt that SIA will test lower red. Green is a prediction - If SIA breaks purple, then visually, at this rate, green would form nice support to bounce from, from by the two previous intermediate lows. MA's and other indicators removed for clarity of LINES ONLY. Please leave a like, thought's and comments on how to improve analysis appreciated.
BITTREX:SCUSDShort
by FOREVERTRIP