Siacoinbtc
SCBTC- Mid term tradeA sweet Falling Wedge pattern is here and already broke out. The market currently testing it's resistance and hodling it's support. Targets already given.
A bullish divergence is also there in longer time frame.
Your trade from this point til 5-15% with tight Stop-loss below trend line around 4-5% or up-to your capacity.
A trading opportunity to buy in SCBTCTechnical analysis:
. SIACOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 49.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000093 to 0.00000070). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000093)
Ending of entry zone (0.00000070)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000108
TP2= @ 0.00000120
TP3= @ 0.00000143
TP4= @ 0.00000157
TP5= @ 0.00000179
TP6= @ 0.00000207
TP7= @ 0.00000239
TP8= @ 0.00000264
TP9= @ 0.00000319
TP10= @ 0.00000393
TP11= @ 0.00000453
TP12= @ 0.00000745
TP13= Free
Buy siacoin at current price.Curently sia coin is very undervalued coin.
You can take position into this.
Buy siacoin between 98-103 satoshi.
First Target :- 114
Second Target :- 150
Stoploss :- 88
Long term holders can buy between 98-103
No stoploss will be given for this.
Just hold for 3-4 months.
Currently 20% of my portfolio is holding sia coins.
I am expecting 5-10x profit from this coin.
Invest at your own risk as it seems good profit from here but market manipulation can do opposite things as well so if you enter then do by using stop loss as well nd invest only what you can afford to hold/loose for long in crypto.