Cryptocurrency

Massive Rally Update Of Siacoin | SC Crypto Coin Price Prediction 2024



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Hey friends this is a op Val and welcome to the new update on CIA coin on a weekly time frame chart CIA coin has broken out a quite long-term down Channel and after the breakout we had a very nice rally if I place this measurement tool from this low when we

Were testing the support of the channel here up to this High then you can see that so far it has red more than 572 and right now you can see that it is breaking out a quite significant and long-term resistance of 1.4 Cent that has been previous breaking as a

Resistance here and here this 1.4 cense level has been breaking as a support support and here as a resistance in here in the month of FB 2021 it was breaking as a resistance as well at the same time there is also a quite obvious bearish Divergence flash as the price line is

Forming higher high at the same time you can see that RSI oscillator is not able to form another higher than previous high in fact it is forming lower high previous high that is bearish Divergence uh therefore we should be very careful because if it will be uh moved Above

This resistance or we will have a closing Above This resistance of 1.4 cents then still there will be a probability for a price correction and in today’s video we will analyze this move but before starting this analysis if you’re not subscribed to my channel then do subscribe it and for more

Trading signals you can also join me and support me as a YouTube member or as a patreon member because there sharing different trading signals for you and you can find the link to join me there in the video description I’ve shared let’s start analysis and first of all

Let me to begin with my most recent trade signal for CIA coin that I shared in the previous month of January 2024 on 11th of January 2024 that was a harmonic bullish reversal GLE pattern that CIA coin formed with US dollar pair and uh within few moments you will be able to

Watch this move and then I’ll show you the complete setup this was the buying range and this was the sell Targets on and this was the stop loss and if I play this chart then you can see that the price has started a very massive reversal from this buying Zone and

Rallied beyond the sell Target onone and it ried almost 75% only on this 4H hour time frame chart and if you would like to catch such other pumps before they happen then you can also join me and support me as a YouTube member for as a patreon member because there I’m sharing

Different trading signals for you you can find the link to join me there in the video description after shared now let’s move to the live chart of catcoin and this is the weekly time frame chart and here you can see that since after the month of March 2021 it was moving

Inside this quite long-term down Channel and from the month of November 2022 it started forming a quite big symmetrical triangle you can see we had the same resistance of the channel while breaking at the resistance of this triangle and we found this uptrend line support as

Well we had a touch Point here another bounce here another bounce here and SA touch Point here as well and here in the month of October 2023 we broke out the channel and broke out this symmetrical triangle together and we also broke out this quite long-term resistance of EMA

21 this righted line exponential moving average 21 and it is now working as a support you can see that we have almost retested this EMA 21 here and at this time the price L is breaking out this quite long-term resistance of 1.4 cents but there is a quite big uh bearish

Divergence on this chart the RSI oscillator is not able to form another higher than previous High the price line is forming higher than previous High therefore still there is a probability of a price correction and if the price and will be moved more down from here

And it will move down at this support the previous resistance that can now work as a support at 085 we can see that exactly almost at that level we also have this quite long-term support of EMA 21 as well uh now if we take a look at the final

Target for these two breakouts and target for the breakout from the symmetrical triangle uh is here that was exactly at this resistance of 1.4 cents and you can see that the price line has ried slightly beyond that Target up to 1.53 cents and the target for this bigger

Breakout from this big down channel is here at the top of the channel That is between 6.5 cents to 7 cents this was the update so far I hope that you like the analysis then do hit the like and do subscribe to the channel as well and for

More trading signals you can also join me and support me as a YouTube member or as a patreon member because there I’m sharing different trading signals for you and you can find a link to join me there in the videos description I’ve shared take care goodbye

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