SC
Last chance for SC to recoverAs most of you know, I love SC. I think the product is solid and I think it has a great future. But we cannot make big investments based of emotions and feelings, there has to be a large amount of logic and analysis. Right now supporters of SC need to overlook appreciation for the product and look hard at the trends. We are at a very critical juncture right now because if SC falls below the 23% fib line I think it will continue to fall and it could be a very long and cold winter for bagholders. But there is some hope. The stoch is oversold and the RSI is hinting at some upside. But it's going to take a lot to break this nightmarish downtrend.
Good luck people, and be smart.
Buy SIACoin - SC recoveringI think that if BTC continues to stay between 2500 and 3000 USD we can expect SC to go back up around 0.00000600 in the next week. If BTC does an A.T.H. and doesn't crash immediately after we should see some cool action on altcoins in general and SC in particular over next month(s).
Remember, it's just an idea, not a prediction. You trade on your own risks.
Like a Phoenix Rising From The Ashes: The Return of SCThe downtrend has finally broken. Bottom established around 265 sats. Beginning to rebuild. We are at a critical juncture now as SC tries to break out of this triangle. Heavy resistance and overbought RSI show that there will be dips before more upside. With any luck we will be on the way to 400+ again within the next week.
SC falling wedgeexpecting a break out near 460.
zoomed in on the local peaks/dips, sia tends to bounce off 50% fib lines, seems about in line with 460 being a 50% fib level for the overall chart. Buying now at 480 wouldn't be terrible either given that we lie on the kijun. Can just cost average your way to 460.
not sure if it quite fits the elliot wave, but I left that up there as a side thought. If it holds, then we'd be in correction wave A and would expect a bounce back to 600-700 sats for a possible head and shoulders formation (wave B) before correcting to 300 sats for a full wave C. The C clamp on the ichimoku does look like it needs correcting.
SC: Possible drop incoming, moon afterwards.SC has been getting a lot of positive news recently (ride the trend guys, the news surrounding SC is very positive). It is definitely a long term hold. The project itself is genius - if you haven't invested in SC yet i'd recommend to do so and hold.
As for the chart - I think that history will repeat itself and we will now see a drop until it reaches the bottom (indicated as buy zone) and it will go up again.