Based on Elliot wave analysis and Fibs - potential buy-back
This is not financial advice, please trade responsibly, and happy trading!
After Sia coin peaked ~ 0.036USD, as expected we are seeing the price drop. We are currently moving along what appears to be the forth Elliot Wave (upward peak), which should be followed by the fifth and final wave down. Based on fib levels, it looks like this might be around ~$0.027.
It appears that this retracement coincides with bitcoin's retracement (in regards to BTC not breaking through the 60k resistance). Hope this is helpful - Siacoin is a great coin, team and overall business usecase, so IMHO there is great potential for returns in the long-run.
After Sia coin peaked ~ 0.036USD, as expected we are seeing the price drop. We are currently moving along what appears to be the forth Elliot Wave (upward peak), which should be followed by the fifth and final wave down. Based on fib levels, it looks like this might be around ~$0.027.
It appears that this retracement coincides with bitcoin's retracement (in regards to BTC not breaking through the 60k resistance). Hope this is helpful - Siacoin is a great coin, team and overall business usecase, so IMHO there is great potential for returns in the long-run.
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