sniperz

Siacoin SCBTC - Accumulation phase - Bullish Wedge

Panjang
sniperz Telah dikemas kini   
POLONIEX:SCBTC   Siacoin / Bitcoin
16
I have outlined how siacoin periodicaly goes into accumulation phases forming a wedge pattern before another bull run.
Key point is during accumulation phase it remains within the RSI green rectangle zone. Once it breaks on the upside, you are sure that accumulation phase has ended.


A good buying point is that it dips to 0.5 to 0.618 levels after a bullish run, that is a good point to grab more siacoins.

It hasn't touched the lower most part of the shaded "green zone" yet, if it does then that would be an excellent buying point.

Expect a short dip in this accumulation phase before it goes long
Dagangan aktif:
SC is still in accumulation phase.SC can dip more and present good buying opportunities.

RSI is at 48% now on 4hrs timeframe, still hasn't touched the bottom of the shaded green zone.
Dagangan aktif:
SC came close to breaking out but according to my chart it didn't breakout. RSI at 4 hrs still remain within the green zone. Accumulation phase is still on.
Dagangan aktif:
Updated new chart


Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.