If resistance at 510 SAT gives way it will re-test 489. If it breaks that watch for these correction sweet spots following a big 5-wave move:
467 - Current degree wave 4 low
429 - Larger degree wave 3, 0.5 fib
332 - wave 3, 0.618 fib
467 - Current degree wave 4 low
429 - Larger degree wave 3, 0.5 fib
332 - wave 3, 0.618 fib
Kommentera:
So Sia maintained at 490-ish support, crossed 510 resistance, and tried to break out but bounced off upper correction trend line.
SC is primed to pop, what actually happened is it's completely under BTC's control at the moment and was following BTC price action to the T.
Now it's a waiting game to see what BTC does. "Good" long opportunity for SC if BTC goes bull - if you can stomach knowing you're really exposed on 2 things not 1.
Overlay showing correlation, SC in light candles, BTC dark:
SC is primed to pop, what actually happened is it's completely under BTC's control at the moment and was following BTC price action to the T.
Now it's a waiting game to see what BTC does. "Good" long opportunity for SC if BTC goes bull - if you can stomach knowing you're really exposed on 2 things not 1.
Overlay showing correlation, SC in light candles, BTC dark:
Good signs but def not conclusive, esp with BTC bearish fears looming.