SC appears to be in an ascending wedge right now, which usually means there's high downside risk once it breaks out from the bottom of the wedge. However, it still appears too early for SC to dip, meaning there's still a profit to be made by buying the bottom of the wedge and selling near the top. Don't get too greedy or you might be caught by the retracement. A trailing stop loss is advised.
Comment:
SC forms a bullish channel after breaking out to the upside, possible take profit level around $0.336.
Trade closed: target reached:
Take profit on the top of the ascending wedge.
Comment:
Large false breakout of the ascending wedge. Too risky to trade this coin now. Wait for a clearer price signal.
Comment:
SC broke out on the downside of the ascending wedge (: