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SCUSD trade ideas

SC - breakout coming?Maybe, is T2 finally recovering? A little about SC... Sia is the leading decentralized cloud storage platform. No signups, no servers, no trusted third parties. Sia leverages blockchain technology to create a data storage marketplace that is more robust and more affordable than traditional cloud storage providers. Distributed storage will be a key component to a fault-tolerant blockchain ecosystem. Sia is the only fully-decentralized product in this space with a thoughtful design and clear product path. Siacoin scores another HUGE feather in their cap with an experienced advisor: James Prestwich a founder at Summa, a blockchain interoperability and cross-chain communication company. Formerly, he was a founder at Storj; an open-source project building decentralized, secure, and efficient cloud storage service. Unlike other cryptocurrencies that require proof of work or proof of stake, Sia implements proof of storage to protect clients from fraudulent or malicious providers. Sia’s investors include Raptor, First Star Ventures, Fenbushi Capital, and INBlockchain. ---------------------------------------------------- Which coins to buy? If you want to understand the functionality and effectiveness of each coin, please let me know! Please message me for the top altcoins each week- track my success Please message me for information on the latest (ICOs) Initial Coin Offerings; How to buy altcoins before they are tradable.
KRAKEN:SCUSDLong
by ManhattanBeachCapital
1
BTFD!Well my original SC buys are under water with SC taking the mother of all dumps as a result of the recent BTC price action. Creating one hell of a dip to buy! I have more than doubled down on my original (underwater!) investment here, at 41 sats. SC has fallen all the way down to 78% all time fib, 78% recent impulse fib, and an all time strong horizontal support. Looking back (left side) at the last time we took a fall like this, it rebounded to the $0.03 area (100%+ from current price). So in simple terms... SC is a long at this point! Market cap currently ~$750m. Position 97 on CoinMarketCap. (SC was a top 20 coin once upon a time!) Plenty of upside potential here for an active project, with active products, even just returning to a fraction of its prior highs (USD or BTC) On the very short time frames, we seem to be forming a little wycoff accumulation box. So we should head to the top of that box, before pulling back either to the 50% level; or if BTC retests the $30k lows again; that'll create a form of spring for SC at the bottom of the box again. Personally i'll be looking to sell near the top of the box 52-55sats, and re-long the following dip. Once we eventually break out of that box, and at the same time, the larger falling wedge we're in (against BTC). This should push up to the 60-70sat area. But there's a lot of volume there; so it will likely take several goes to get through it. (Likely creating good range bound trading opportunities for a little while) I'll update my thoughts thereafter. I still have high hopes for this coin later this year -- but let's just ride the bounce / reversion to the mean first. Then we'll try to road-map the rest!
POLONIEX:SCUSDLong
by Losing-Up
SC; another deeper look, moon cancelled?? wtf is happening?? hmm k i went deep here guys. took a look at the coinmarketcap chart which can be good sometimes to spot big macro trends. coinmarketcap.com put it on all time and log. what do you see? see there are two macro fractals as i see it now. the obvious one which ive been focusing on and the sneaky not so great one. prob some heavy bias coming into play there too. --------------------------------------- white or red (pinky red wtf it is) two options. use your stops accordingly. this will be the last SIACOIN analysis until the price action shows us which option is to unfold. glhf
POLONIEX:SCUSDLong
by Crypto-Quantum-Fox
3
Sia coin breaks out of a tight range on high volumeSia provides secure pier to pier cloud-based data storage utilizing blockchain technology. Data is secured via encryption and accessible via multiple competing nodes, distributed around the globe, each hosting a copy of your data. The cost is 1/20th of what Amazon Cloud Storage charges and uninterrupted access is guaranteed with multiple nodes around the world competing to store and serve your data. SC/USD is in a clear uptrend since March and just broke out of a tight range on high volume. $0.04 coin price makes Sia appealing to new investors. The coin us up 1,300% YTD and volatility is around 15%. Moderate volatility, low price, and a clear uptrend make Sia worthy of your attention. Sia trades on Binance, Kraken, Bittrex, Poloniex, and HitBTC.
KRAKEN:SCUSDLong
by RL_Boats_Yacht_Broker
2
SC/USD WHEN IN DOUBT, ZOOM OUT!I've gotta say, i was starting to worry a little bit we might have seen the top for a while. But when looking at the bigger picture we see that we are set to bounce off the 0.03 cent level If you look at the orange arrows you can see we've been here before, we're retesting previous resistance and bouncing off the 50daily moving average. The retest we're seeing now was right before the major altcoin rally in 2017. Back then i didn't accumulate a lot of SIA yet because i just started to know the project. Now i'm set up pretty well and expect to go above and beyond previous all time highs. Why is that? Well first of all the fundamentals are very strong, SIA has one of the best layer2's in the whole crypto space and the project is way more developed now than it was in 2017. Beside that, we also have acces to a lot more liquidity because we're traded on major exchanges now. Back then i could only trade on Poloniex. So although i saw my portfolio decrease by a lot money last week, i'm still positive that this is not the end. HODL!
POLONIEX:SCUSDLong
by Bittimmer
8