Entry points with minimal risk and maximum profit. Strong development team. The lowest price since the beginning of 2016!
Siacoin pump coin is very strongly merged. The coin is old since 2016. Pumping coins occurred on dozens of X (thousands of percent). Coin has a very strong development team.
Target shown on the chart are local, in the medium term. Coins can be pumped up hundreds of percent when the trend changes to an upward one. But, at the moment, the coin is in a downtrend. Therefore, it is preferable now to work with small local goals, which I showed on the chart.
The chart showed potential entry points with minimal risk and large profits.
1) entry point. If the price fixes above the resistance of the cup. First potential + 75%. Stop Loss - under the cup support line (which is now the resistance of the cup).
2) entry point. If from these values the price drops to the previous support and the minimum price value of this trend, then entry into the market only with confirmation of support. Stop Loss - under the support line.
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The price has reached the level of the local minimum indicated in the previous trading idea.
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The price has reached a local minimum. A cup. Descending wedge. Potential double bottom formation. (upward movement to the local maximum level of 27-30 satoshi)
@SpartaBTC, siacoin's not moving, I don't understand why.
SpartaBTC
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@cardan6006, Price hit a local low of 16 satoshis. Now the sideways movement. If the level is held, there will be an increase in the beginning to a local maximum.