What is Siacoin? According to their website (sia.tech) it as follows. Sia is the first decentralized storage platform secured by blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. Sia encrypts and distributes your files across a decentralized network. You control your private encryption keys and you own your data. No outside company or third party can access or control your files, unlike traditional cloud storage providers. On average, Sia's decentralized cloud storage costs 90% less than incumbent cloud storage providers. Storing 1TB of files on Sia costs about $2 per month, compared with $23 on Amazon S3. Sia distributes and stores redundant file segments on nodes across the globe, eliminating any single point of failure and ensuring uptime that rivals traditional cloud storage providers. Sia’s software is completely open source, with contributions from leading software engineers and a thriving community of developers building innovative applications on the Sia API. Using the Sia blockchain, Sia creates a decentralized storage marketplace in which hosts compete for your business, which leads to the lowest possible prices. Renters pay using Siacoin, which can also be mined and traded.
This is a very savvy tech coin and could solve many future problems in cloud storage. Check it out on github for more info.
github.com/NebulousLabs/Sia
The trade. This coin has huge potential long term for hodlers but this trade focuses on the short term 25% gain in the next 10 days. The chart has formed a cup and handle and the support line promotes the possibility of an uptrend break out soon. After 62% FIB RETRACEMENT at 364 Look for this coin to break out over 385 as it heads to the upper 400's for this trade. This could be a quick moving trade once it breaks out so you will have to watch this coin closely. Remember this is a possible scenario any coin can go down at any time. If the coin breaks the support line in the 360 area look for it to continue in the current downtrend channel its in. It would look for support again at 345 if this happens so a stop loss at 330 would be a good safety. Follow this trade only if you want to and never risk more then you can afford to loose. Patience is the key to everything in life worth having. Good luck and here is the trade.
Entry Point .00000345 - .00000385
1) Target .00000390 (.5 FIB)
2) Target .00000416 (.618 FIB)
3) Target .00000453 (.786 FIB) Take Profit (22% Gain)
4) Target .00000499 (1 FIB)
Stop Loss .00000330 10% +/-
Close trade at .00000453 for 25% Gain
This is a very quick trade and will require patience to complete it. Enjoy!
This is a very savvy tech coin and could solve many future problems in cloud storage. Check it out on github for more info.
github.com/NebulousLabs/Sia
The trade. This coin has huge potential long term for hodlers but this trade focuses on the short term 25% gain in the next 10 days. The chart has formed a cup and handle and the support line promotes the possibility of an uptrend break out soon. After 62% FIB RETRACEMENT at 364 Look for this coin to break out over 385 as it heads to the upper 400's for this trade. This could be a quick moving trade once it breaks out so you will have to watch this coin closely. Remember this is a possible scenario any coin can go down at any time. If the coin breaks the support line in the 360 area look for it to continue in the current downtrend channel its in. It would look for support again at 345 if this happens so a stop loss at 330 would be a good safety. Follow this trade only if you want to and never risk more then you can afford to loose. Patience is the key to everything in life worth having. Good luck and here is the trade.
Entry Point .00000345 - .00000385
1) Target .00000390 (.5 FIB)
2) Target .00000416 (.618 FIB)
3) Target .00000453 (.786 FIB) Take Profit (22% Gain)
4) Target .00000499 (1 FIB)
Stop Loss .00000330 10% +/-
Close trade at .00000453 for 25% Gain
This is a very quick trade and will require patience to complete it. Enjoy!
ملاحظة
Due to additional market events and media sentiment the market is still in a long term correction of 40+ days. With Bitcoin falling sharply today this trade may take a few more days to begin moving. 311 is a historical support line and is 62% FIB Retracement for the longer term Bull run beginning back on 12/20/17 and could be a possible floor to the current trend now that we have pushed down through 345. This would be a 20% stop loss for those interested in following this trade further. I still believe this coin has plenty of long term growth. Buy in the dips. Buy low and sell high only on quality coins and tokens such as this.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.