SIACOIN - SC/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	SCUSD
ISIN:

SIACOIN - SC/USD - 1H - Technical analysis published on 11/16/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 0.005233 USD

My targets

0.005500 USD (+0.94%)

0.006308 USD (+15.76%)

My analysis

SIACOIN - SC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.005233 USD. The next resistance located at 0.005500 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.006308 USD. After this resistance, buyers could then target 0.006627 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SIACOIN - SC/USD price is 0.005449 USD. The price registered an increase of +4.95% on the session and was traded between 0.004561 USD and 0.005514 USD over the period. The price is currently at +19.47% from its lowest and -1.18% from its highest.

0.004561

0.005514

0.005449

A study of price movements over other periods shows the following variations:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

A technical analysis in 1H of this SIACOIN - SC/USD chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.004638	0.004862	0.005135	0.005449	0.005500	0.006627	0.007471
Change (%)	-14.88%	-10.77%	-5.76%	-	+0.94%	+21.62%	+37.11%
Change	-0.000811	-0.000587	-0.000314	-	+0.000051	+0.001178	+0.002022
Level	Minor	Intermediate	Minor	-	Major	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.004068	0.004411	0.004801	0.005144	0.005534	0.005877	0.006267
Camarilla	0.004990	0.005058	0.005125	0.005192	0.005259	0.005326	0.005394
Woodie	0.004093	0.004423	0.004826	0.005156	0.005559	0.005889	0.006292
Fibonacci	0.004411	0.004691	0.004864	0.005144	0.005424	0.005597	0.005877

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.003083	0.003571	0.004158	0.004646	0.005233	0.005721	0.006308
Camarilla	0.004448	0.004547	0.004646	0.004744	0.004843	0.004941	0.005040
Woodie	0.003132	0.003596	0.004207	0.004671	0.005282	0.005746	0.006357
Fibonacci	0.003571	0.003982	0.004236	0.004646	0.005057	0.005311	0.005721

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.002239	0.003132	0.003925	0.004818	0.005611	0.006504	0.007297
Camarilla	0.004255	0.004410	0.004565	0.004719	0.004874	0.005028	0.005183
Woodie	0.002190	0.003107	0.003876	0.004793	0.005562	0.006479	0.007248
Fibonacci	0.003132	0.003776	0.004174	0.004818	0.005462	0.005860	0.006504

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	72.13
MACD (12,26,9):	0.0001
Directional Movement:	4.250921
AROON (14):	-14.285714
DEMA (21):	0.005310
Parabolic SAR (0,02-0,02-0,2):	0.005514
Elder Ray (13):	-0.000177
Super Trend (3,10):	0.004882
Zig ZAG (10):	0.005472
VORTEX (21):	0.9376
Stochastique (14,3,5):	88.46
TEMA (21):	0.005405
Williams %R (14):	-5.24
Chande Momentum Oscillator (20):	0.000560
Repulse (5,40,3):	22.6400
ROCnROLL:	1
TRIX (15,9):	0.2364
Courbe Coppock:	14.14

MA7:	0.005161
MA20:	0.004750
MA50:	0.004806
MA100:	0.004618
MAexp7:	0.005327
MAexp20:	0.005139
MAexp50:	0.005040
MAexp100:	0.005032
Price / MA7:	+5.58%
Price / MA20:	+14.72%
Price / MA50:	+13.38%
Price / MA100:	+17.99%
Price / MAexp7:	+2.29%
Price / MAexp20:	+6.03%
Price / MAexp50:	+8.12%
Price / MAexp100:	+8.29%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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