Hello everyone, I hope you all had an excellent trading week!
Today's analysis is a follow up from my successful prediction for Siacoin (chart is shown below) before the minor altcoin crash throughout July.
After reaching 840 we started a steep decline towards the mid 200's.
Now that price has stabilised I'm looking for opportunities to get back in on the long term move.
Price has formed a valid bullish shark pattern and a bullish deep crab, both completing in the same area.
This indicates a move up to 615 in the near future.
I'll be looking out for any analysis that supports or tests my judgement.
Updates to follow! Don't forget to connect with me below.
Today's analysis is a follow up from my successful prediction for Siacoin (chart is shown below) before the minor altcoin crash throughout July.
After reaching 840 we started a steep decline towards the mid 200's.
Now that price has stabilised I'm looking for opportunities to get back in on the long term move.
Price has formed a valid bullish shark pattern and a bullish deep crab, both completing in the same area.
This indicates a move up to 615 in the near future.
I'll be looking out for any analysis that supports or tests my judgement.
Updates to follow! Don't forget to connect with me below.
Note
Heading for TP 1 @ 475, let's see how price moves over the next 24 hours.Note
This is what I see happening with Siacoin right now.If the support trendline breaks we will see a move down to 250 to re-test the PRZ.
Be careful trading in the run up to August 1st.
Note
We're currently trading within a tight range of support and resistance, if we break support we'll see a drop to 305, followed by 250 if there is a selling panic where we will re-test the PRZ.If this does happen I'll be looking to buy SC from here.
Note
Break of support, now heading for 305.Note
About to re-test 250, if we somehow lose support at 250 we'll be heading for 180.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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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.
📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
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.