Estrelitas
Panjang

Siacoin buy idea

POLONIEX:SCBTC   Siacoin / Bitcoin
336 3 3
Wait for a retracement back to the last major support at around 0.00000205
If You draw a trendline through the lows wouldn't retracement to 205 mean that it broke through support indicating down channel?
+1 Balas
desson PetarFabris
@PetarFabris, I agree with Petar, it won't fall lower than 220 , plus ascending triangle is forming.
+1 Balas
Estrelitas PetarFabris
@PetarFabris, first of all many thanks for the comment. Being my first post I am surprised someone commented, which is fantastic.

As to your remark, yes I can certainly understand and agree with it. A break below the trendline would mean a downtrend however we can also be going into consolidation and in this case the next major support is around 205.
Also considering that I am looking to buy this coin I want to wait to buy at a lower price even if it won't be the lowest. In my opinion we are close to a resistance area and the next step could be the support area of 205 where I want to buy. The 205 area had several touches making me believe it will be an interesting area where I will look for indecision in order to buy SC.

Note: I am currently buying and holding
+1 Balas
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