SC has recently broken the downtrend and has shown some positive upwards movement. Looks like it will have to break out of this triangle to continue moving up.
Note
Well that happened a lot quicker than I anticipated! Happy days.Note
Possible inverse H&S signalling more upwards movement. Probably a small dip first.Note
Also potential flag?Note
Expect a bounce off the bottom of the flag. Over 40 btc hanging there waiting to get in.Note
Another 85 btc between the bottom of the flag and the red line at 390 sats.Note
Make that 100 btc. People want in now. hahahaNote
The elastic band is stretching, stretching. Stoch RSI is signalling that SC is oversold. And there's 107 btc between 395 and 390 sats.Note
FYI I'm using a 15 min chart because this is probably going to start moving pretty quickly soon.Note
Note
Interesting...30 btc just appeared at 401 sats. Bears making a push?Note
The Battle of 400 begins. 55 btc at 401 sats.Note
Okay bears, you win this round. Let's see if SC can hold the trend line.Note
Accumulation, check. Ichimoku, check. RSI, check. We are almost ready :)Note
Hoping for a slow build. If this pops too quickly and escalates outside the Bollinger Bands we will probably drop back down.Note
Hugging this support line pretty tight
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.