Siacoins pays off the patient
Siacoin is a tough HODL as we see the whole market including ''oldschool'' coins pumping like mad with insane gains.
But this is how SC has been acting this run, big long painful consolidations and then ROCKETS!
At this TF we can see that Sia might be forming a I H&S this means nothing really cause its a low TF and not perfect but im almost certain (unless BTC decides to dip) that we will retest the fib level we have been trying to break.
The consolidation at this level is pretty strong. Next resistance after the one we will cross soon is the 618 of the big dip from April, so that will possibly prove to be a hard resistance at around 0.05$, but we will have to see, i think its possible once SIA takes off the fomo will be strong as it has been with the whole market.
Lets hope our Hodling pays off soon and we can dump our nice bags. Mt TP will be at .05 and then around .075 (could reach .08 or .09 but imo not 10 cents yet)
But this is how SC has been acting this run, big long painful consolidations and then ROCKETS!
At this TF we can see that Sia might be forming a I H&S this means nothing really cause its a low TF and not perfect but im almost certain (unless BTC decides to dip) that we will retest the fib level we have been trying to break.
The consolidation at this level is pretty strong. Next resistance after the one we will cross soon is the 618 of the big dip from April, so that will possibly prove to be a hard resistance at around 0.05$, but we will have to see, i think its possible once SIA takes off the fomo will be strong as it has been with the whole market.
Lets hope our Hodling pays off soon and we can dump our nice bags. Mt TP will be at .05 and then around .075 (could reach .08 or .09 but imo not 10 cents yet)
Note
Trend line broken hopefuly support will be found at the fib level we have had as support for awhile. BTC seems liek its ruining the party for alts once more, lets seeNote
Additionally, that IHS was invalidated as well but that was kind of expected. 1 hour patterns usually are too weak to mean anything especially if they are low in volume.40 cents has now become our resistance. MACD still looks like it could reverse any moment though and the 4hour chart looks decent.
I did reduce my SC bag though, considering that it still might need more time
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