SCUSDT
SCBTC LONG, BULLISHDescending trend broke. Easy x4, first target: 100 sats. Breakout occurs above 33 sats.
SC breakout - double in the air5 months falling wedge broke out. We are looking on the daily time frame.
This move will happen on a 2-4 weeks delay. We are looking at 2x minimum.
This is a short term target. On the long term, it seems to have bottomed out. A lot of upside.
Siacoin (SC) Trading SetupSiacoin ( SC ) is the native utility token of Sia , a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space.
According to its whitepaper, the long-term goal of Sia is to compete with existing storage solutions. It sees itself as being in direct competition with major cloud storage providers such as Amazon, Google and Microsoft . Because of its decentralized nature, Sia is able to offer competitive storage rates.
Latest news: 13 Jan 2021: Release of v1.5.4 marks an important chapter in Sia’s history - incorporating the Sia Foundation hardfork. Sia Foundation is a non-profit charged with developing & growing the Sia network.
You can also check my SC/BTC trading setup chart. I expect SC to have a strong bounce between 18-24 Jan 2021.
For details comment at any time!
Don't forget to follow and like if you find this helpful!
✳️Siacoin/USDT Analysis (16/1) #SC $SCSC has a hesitation in $0.0047 zone and if there is no more buying power, SC will fall to $0.0035 zone.
However, the thing we should be most concerned with is that the buying power in early January is very strong and very solid, so there may be strong buying force coming into SC in the coming time. So our main plan will be to wait for SC to close a 1D candle above $0.0049 to buy in for target at $0.0065.
📅NEWS
👉Feb 3 : V1.5.4 Upgrade Deadline
(twitter.com)📈BUY
-Buy: 0.0047-0.0049$ if A. SL B
📉SELL
-Sell: 0.0063-0.0065$. SL A
♻️BACK-UP
-Sell: 0.0047-0.0049$ if B.SL A
-Buy: 0.0034-0.0036$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Siacoin vs Tether USD Rising Wedge (135% Mapped)Here we have Siacoin (SCUST) in a rising wedge, it has been growing since March 2020. We will soon be talking about 2021 and 2020 will be in the past... Incredible isn't it?
In the last two weeks, SCUSDT managed to close above EMA10, EMA21, EMA50, and EMA100.
Last week we saw the biggest volume bar since February 2020... Both these signals are strongly bullish.
The RSI is at 57 weekly, which is also super strong.
The MACD is in the bullish zone.
We can expect to see Siacoin continue climbing within this rising wedge.
The next target is mapped at 135% based on the October 2018 high.
Before this one, we have a 60% target at $0.00565.
Siacoin vs Tether USD is looking bullish just like SCBTC.
Thanks for reading.
Namaste.