Siacoin 15 minute: Bullish cross and flag breakout. With targets
Here we see siacoin having found support at the 1.272 fib. Coincidentally, below this level we should consider getting out for another pullback.
Now, we're breaking out of a flag pattern. For confirmation, closes above 388 and 407 should do.
Upside targets are the fibs, but most notably for now the 550-570 level, because we can identify a bullflag here, and this would be the flagpole projection area. Expect resistance there and another bullflag, or else a top and a selling opportunity.
Finally there are good arguments for assuming it will not stay long above the yellow dashed line.
Check the related idea for more targets and trendlines. it has the chart on a longer timeframe and some interesting indicators.
Now, we're breaking out of a flag pattern. For confirmation, closes above 388 and 407 should do.
Upside targets are the fibs, but most notably for now the 550-570 level, because we can identify a bullflag here, and this would be the flagpole projection area. Expect resistance there and another bullflag, or else a top and a selling opportunity.
Finally there are good arguments for assuming it will not stay long above the yellow dashed line.
Check the related idea for more targets and trendlines. it has the chart on a longer timeframe and some interesting indicators.
Kommentar:
do scroll the price-line for some more fibs higher if needed.
