SiaCoin (SC) is starting something huge, 658% profit

SC is starting a huge uptrend, and we can see that the most important resistance zone is broken. So I have to tell you and inform you about it. The next stop is the 0.618 FIB, and after that, the previous all-time high. The downtrend ended with a pretty nice trendline, and we made a symmetrical triangle at the bottom, which is a very bullish sign. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!

According to its whitepaper, the long-term goal of Sia is to compete with existing storage solutions. It sees itself as being in direct competition with major cloud storage providers such as Amazon, Google and Microsoft. Because of its decentralized nature, Sia is able to offer competitive storage rates.

Files stored on the Sia network are divided into 30 encrypted segments, with each segment uploaded to a unique host for redundancy. The agreements between uploaders and hosts are recorded on Sia's blockchain and enforced using smart contracts. Siacoin acts as the method of payment on the network, with renters paying hosts using SC, and hosts locking SC in smart contracts as collateral.

Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!

Bình luận:

SC going up, I do not see any issues, so keep holding!

Bình luận:

SC is up 30% since my call. On the 4h chart, everything looks very bullish.

Bình luận:

SC is above the main support zone. Holding strong. time to buy with a tight stop loss of 0.0074