If it validates the breakout on the current breach of the neckline the measured move target is about 2 and a half cents. Nice to see SiaCoin actually doing something for once, been a long while. Must be a true tell sign the bull market is back. *not financial advice*
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Reaching the full target would be about a 66% gain from the current price range.
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Big dip back down below the neckline it seems. SiaCoin can be one of the riskier assets, however being the very first breach of this neckline I think its still very possible it gives us a real breakout validation on the next 1-3 daily candle breaches/closes back above the neckline.
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How soon will it break back above the neckline again is anyones guess however in the meantime I see this as an opportunity to modestly accumulate below the neckline to take advantage of maximizing some gains when it does. Of course I wouldn’t go heavy into SiaCoin myself as its fundamentals arent as enticing as some of my more prominent holds but I wouldnt mind accumulating a little here to ride this inv h&s target up whenever it eventually does decide to trigger it.
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Still continuing to create a wider right shoulder.