Siacoin - Possible 225% Gain

Guys, last one for the night. I REALLY like this one. I may enter this trade soon because I think we may be near done with the consolidation phase. The Daily MACD is still pushing down, but this correction is reaching near the same length as the previous wave 2. I will look for signs of reversal and possibility of a failed breakout. But I think I'm placing priority on this one until I see that it is likely to not take off until a while later.

Entry: Below $0.062
Stop Loss: $0.04 OR on signs of bearish reversal
Target 1: $0.165
Target 2: $0.199

Chance to Gain: 225.11%
Chance to Lose: 34.22%
RR: 6.58

Time-frame: 1-2 weeks or more

評論:

So here is another look at this correction. I don't know how much longer it can stay in this wedge, but we also have to be careful of the possibility of that failed breakout. So I'm very close to entering this trade. I'm just staying as patient as can be (and I'm waiting on another trade to go through haha).

評論:

I'm seeing some bearishness on Sia. I will likely wait to see how this plays out to see if I see something that I like before entry. Remember that these are ideas that are likely to cultivate over time, we must adapt to what we're given and never pull the trigger too soon.

評論:

So this is what I'm seeing here. Not an unusual correction, but I believe that we are actually in the formation of a cup and handle. And this is what it may look like. It is possible that we correct for the next 1-2 weeks. I will keep my eyes on this one very closely.