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Update to Previous Analysis - now marked as BullishI am providing a new publication as an update to my previous analysis now marked as bullish as a result of the confirmation of resumption to upward pressure we were looking for, please see previous analyses in related ideas below. As I mentioned, after the Energy won the downward pressure race, we were looking for confirmation of resumption of upward pressure, by seeing the Green EMA get higher than the Energy in the preceding three halved timeframes. This was not the case in the 90m & 3h, we have now seen this confirmation and the Green EMA is now higher than the Energy in the 45m, 90m & 3h. This provides us with the required confirmation of resumption of upward pressure. We have also seen the Blue LSMA cross above 50 in the 3h, as a result we can see the Bollinger Bands expanding and the price action sit between the Aqua/Orange upper Bollinger Bands wicking up to the Red upper, as the Bollinger Bands continue to expand, as long as the other conditions remain in support, we can expect to see the price action accelerate to the upside while the price action remains between the Aqua/Orange upper BBs. We have also seen the Red RSI and Blue LSMA turn up above 50 in the 6h and the Red RSI has made a bullish cross above the Blue LSMA. We do need to be cautious that the Energy in the 6h is now higher than the Green EMA, however as we see upward pressure cascading up from lower timeframes, we can expect to see the Green EMA rise up strongly with the Energy and are likely to see it get higher than the Energy as it goes out to the side allowing the Energy to fall below. We have also seen a close in the 12h with the Red RSI and Blue LSMA making contact with the Green EMA as it rises indicating bullish sentiment, as a result, at the start of the current candle we saw the Energy rise above level 50 denoting a period of upward pressure in this timeframe.
Long
by aBitLong
4
Siacoin update as per request. Near Term group of timeframes: (1d, 2d, 3d, 4d) In all this group of timeframes the Green EMA is higher than the Energy indicating bullish sentiment overall, however things are not completely clear in these timeframes and although upward pressure appears to be the dominant driver there are also indications that we are likely to see periods of downward pressure within an overall bullish mood as one would expect. Currently in the daily our last close saw the Red RSI & Blue LSMA make contact with the Green EMA as it falls toward level 50 and as a result the Energy fell below 50 at the start of the current candle - this was predictable and indicates the start of a period of local downward pressure. The Red RSI in the daily has also turned back down and looks at risk of crossing bearish below the Blue LSMA based on current trajectory - though this is not guarranteed to happen and can turn back up. If the Green EMA closes below 50 we are likely to see the price actioin fall to the vicinity of the Bollinger Band basis (currently $0.023) In the 2d as dictated by price action the Green EMA has also turned down as has the Energy. Also based on current trajectory, the Red RSI and Blue LSMA may make contact with the Green EMA as it falls and the Red RSI currently looks about to cross bearish below the Blue LSMA, this would confirm a further period of downward pressure. These are just possibilities and we can easily reverse back up - we need to monitor shorter timeframes to monitor this position. In the 4d the Energy has just crossed below level 50 also indicating downward pressure, however, looking at the shape at the bottom of the Energy it does seem to be curving out slightly and we could see a very small short lived dip, this is in my opinion likely when considering the fact that the Red RSI and Blue LSMA are pointing up and the Red RSI has crossed bullish above the Blue LSMA and the fact that in the 6d the Energy has a bit of a way to go still before exhausting and crossing below 50 - we are currently at level 76.5 - I would be cautious as we drop below level 65. In the short term group of timeframes ( 90m, 3h, 6h, 12h) The Energy is higher than the Green EMA in the 90m & 3h indicating bearish sentiment. We are likely to see lower lows and lower highs in these timeframes respectively until this position changes. In the 6h the Red RSI has crossed bearish below the Blue LSMA. For upward pressure to resume we need to see it propagate up through the timeframes beginning for now with the 6h where we have seen a downward pressur race triggered. When the Red RSI fell below 50 in the 6h a downward pressure race was triggered. In order for upward pressure to resume, we first need to see the Energy in the daily CLOSE above 50 in the 6h before the Red RSI in the 12h CROSSES below 50. If the Energy does win the race, we need to see the Green MA higher than the Energy in at least the three preceding halved timeframes from the timeframe in which the race was triggered. If the Red RSI wins we then have a race between the Energy in the 12h and the Red RSI in the daily etc. This downward pressure race has cascaded up from lower TFs. Until the Energy decisively wins the race, we do not have a chance for reversal to upward pressure in the relevant timeframes. Bear in mind that we have to monitor these indicators closely and take them step by step. And that the position will be influenced by BTCUSD... Please see related idea below. As mentioned in previous publications, these markets can change with very little notice. These changes initially manifest themselves in the lower timeframes and propagate up through the timeframes. Nothing is set in stone. Unless you are day trading, you cannot benefit from these early warning signals. As always - this is not financial advice but just my view of current market dynamics. One has to be aware that analyses are done on the basis of what the indicators are saying at the time and things can change. It is important to always monitor the scalping group of timeframes as we will see changes propagate up from there. If you get value from this analysis please hit the like button Trade safe aBL
by aBitLong
4
SIACOIN-USDT(Falling Wedge Breakout)Siacoin is the native utility token of Sia blockchain, a decentralized cloud storage platform. It acts as a trustless marketplace wherein users can lease access to their unused storage space. On 1 hr Time Frame, Siacon has been trading in a Falling Wedge formation. At the time of writing, it has given a breakout from the pattern and is also currently trading above its 20 and 50 HEMA. The support to the lower side is present at $0.017 while the resistance is present at $0.025 followed by $0.027 .
Long
by TradeDog-Research
SC USD Strong bullish signal and potencial TPHello everyone, just a quick update to my previous analysis. As we broke another resistance and tested it as support we received another bullish confirmation. Also it is worth pointing that price stays steady above 100MA on 4H and 1D chart . Also there is skynet promotion which is bringing new investors. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
Long
by Coder775
2
SIA sees small correction back to area of strong confluenceAfter two upward moves in a classic Elliot wave pattern, hopping over a previous resistance level in a strong push, SIA sings her way back down to an area of perfect confluence at previous resistance and the bottom of an ascending triangle. Won't make you a ton of money (it's a small ratio), but it's pretty likely to occur. It's also backed up by stochastics which have matched the last two descents with near perfection. There's also a dip in volume, showing a lack of momentum after the strong drive. This is a temporary, very small correction. All indicators are that after this correction we will see a second push upward.
Short
by Ifyouonlyknew
3
SiaCoin USD setup for long confirmedHello everyone and welcome to my analysis. First I would like to point that last drop in price confirmed previous resistance as support and also a bit lower we have 100MA which previously worked as support what means that in the next few days we will see new HIGH with first target at 0.032 (38% gain) and second one at 0.036 (55% gain). This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
Long
by Coder775
SiaCoin USD setup for long confirmed Hello everyone and welcome to my analysis. First I would like to point that last drop in price confirmed previous resistance as support and also a bit lower we have 100MA which previously worked as support what means that in the next few days we will see new HIGH with first target at 0.032 (38% gain) and second one at 0.036 (55% gain). This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
Long
by Coder775