Sia Coin at the crossroads - Dive or Fly?

We can see a clear falling wedge which is a bullish sign. The lower trendline is flatter as bears are not able to push the price lower.
We are coming to the end of the pattern.
We could expect a break out. If the market manage to cross the upper trendline supported with volume and a few successively rising candles we could enter a new bull run.
In the other option the market could brake Fib level and we could see another deep water diving.

We did not manage to short our position on time, so possibly we add to our long position on the break out to lower down our target which is sky high now:)
We want to see volume.
Do you like what you see? Share your thoughts and opinions. Your feedback is greatly appreciated!

Good luck and peace!

评论:

I review my chart! There is a possibility that I should have included the last low of the previous descending channel. In that case we would have a Descending Triangle here - a Bearish sign.
I added to my position earlier today but jumped out due to the market conditions.
Hopefully you read this if you followed my advice.
Good luck and peace!

评论:

Sia is a heavy boulder in the open sea right now...