New trading opportunity for Siacoin. The market is going to reverse and start upward movement. The price diverged with MACD and RSI and it gave us a strong trend reversal signal. We can trade based on a breakout signal. The previous swing high is above SMA100. If the price breaks SMA100 and this high, we'll get a good confirmation of further upward movement. Now MACD supports downward movement and we should wait for the reversal. RSI is going to confirm price reversal from the support level. We don't have strong signals for buying now, but breaking above the previous high will give such signals. Pending orders for buy should be placed at 0.00000078 level with stop orders at 0.00000055 level. Profit targets are 0.00000150 and 0.00000300 levels.
Do you have any modifications to your analysis at the moment in Grafic?
etvoila
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Support has been broken.
Stoukie
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Correct me if I'm wrong but the Bittrex D1 graph looks very similar with a reversal from the current downwards trend, the break of trend happened around 65 and appears to be moving up... I have absolutely no experience in trading but trying to learn and would appreciate some feedback. Even though the above graph was done on data from Poloniex I presume the upwards trend would be relevant for all exchanges, right? Even though the volumes would be different...
I just went ALL-IN. If it goes down 90%.... oh well. I'll just buy more. HODL $$$
marcosjrnet
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thanks for the analysis I will keep following your future analyzes.
mquszop
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Thanks for the idea! -clap clap-
ruludiyo
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Always love your analysis, thanks DLavrov!
penac
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thanks for the analysis!
personemail
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The way I understand it is we actually have buy signal right now but not very strong. Its' saver if we buy once it breaks. So if I buy at .60 and put stop loss at .55 I lost less in case things go wrong.