SCUSDT.P trade ideas
Possible Cup & Handle forming for Siacoin Hi all,
Main TA Points;
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1. Golden Cross Formed.
2. Seem to have found support at the 61.8 FIB.
3. Descending triangle invalidated.
4. Breakout accompanied by strong volume.
5. Promising fundamentals.
6. Find bottom indicator as well as MACD suggest return to uptrend likely.
7. Ichimoku offering support as well.
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Talking Points;
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A promising project and team that has delivered a working product for some time. Fundamentally speaking a strong contender, and according to my estimations not at risk of SEC attention as they did not hold an ICO. Siacoin is not to be mistaken for Siafunds which are in fact securities and have been sold as such.
We recently had a significant break out early January with higher time frames suggesting that S/R flip has occured.
The current support of 61.8 fib does seem to be painting a cup. The fib retracement has been set from the high of August of 2020. The current local high has exceeded this. We could expect the handle to be formed as a retest of Augusts high and subsequent longs could be placed from the break of the neck line with stop loss just below handle at 88.3 fib as a guide. Example trade would offer 3.34 R/R ratio.
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Estimates;
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The run up to 1 US cent might have a retest of the 0.007 range, but short to mid term targets based off historicals would suggest as a run up to the 1 US cent range as the stronger resistance.
Price action expected to occur over the next 14 days.
Good luck,
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Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions.
All investment and trade decisions, no matter how well investigated, involve risk.
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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 $0.00565.
Siacoin vs Tether USD is looking bullish just like SCBTC.
Thanks for reading.
Namaste.
BINANCE: SCUSDT🛒 Pair: SC/USDT 🛒
🎁 Bitcharge Binance Signals™️-FREE 🎁
== SPOT==
⏰ 1399/09/08 ⏰
🕰 28/11/2020 🕰
Duration:
📈 SHORT - MID 📈
Ex: Binance
🛒 Buy1 : 0.0028 -0.0029 🛒 1/3
🛒 Buy1 : 0.0027 - 0.00275 🛒 2/3 DCA
👉Sell Targets👈
🎯TP1: 0.0031 🥉
🎯TP1: 0.0033 🥈
🎯TP2: 0.0036 🥇
🎯TP3: 0.0039 🏆
🎯TP4: 0.0041 🚁
🎯TP5: 0.0045 ✈️
🎯TP5: 0.00495 🚀
⛔️ SL: 0.002650 ⛔️ with 4hrs candle closing below
Testing S/R flip (pullback)
Risky Call❗️
SCUSDT - SHORT - Potential 19.61%290) SCUSDT - SHORT - Potential 19.61%
Enter- 3141
TP1- 2900
TP2- 2525
SL- 3430
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SCUSDT ANALYSISIt is too early to talk about this coin
But buy this coin when the resistance line($ 0,003934) turns to support line(it needs to be open close above the resistance line for 1 candle in 1d)
Other case catch with the EngineeringRobo buy signal like bull, buy1, buy2 ,moon,buy3
For example if you caught the bull signal you got %30 profit now that is brilliant.
In these days EngineeringRobo gave Sell 1 & Sell 2 and Sell 3 to Bitcoin, I am not strongly recommending to buy any altcoins at the moment
It might be have sad ending...
If you want to use EngineeringRobo please dm me.