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pgarret

SIA symmetrical triangle breakout

Long
Siacoin / Bitcoin (BITTREX:SCBTC)  
pgarret Updated   
BITTREX:SCBTC   Siacoin / Bitcoin
Trend Analysis Harmonic Patterns Chart Patterns Symmetrical Triangle Cryptocurrency siabtc
6
0
trendanalysis harmonicpatterns chartpattern symmetricaltriangle cryptocurrency siabtc
SCBTC
Based on 2h chart Ichimoku give us green light, DMI and MACD is supporting a long trade. The RSI still has room to go up till oversold.
Target around 350 - 380. Entry 225 - 235. Stop below the triangle.
Comment:
snapshot
We are seeing a test of the kumo breakout, very normal behavior, specially with the New Year holiday season when everybody wants to win. If you are in the trade have some patience, it will go up again soon.
Comment:
Is going to move soon
Comment:
snapshot
Still looking good, from past movements SIA takes time after the breakout around 3-6 days till is going to really move up. Look at past patters and you will see what I'm talking about.
Trade active
Comment:
Target reached. Trade closed
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