5 reasons to go long on SC.
A very clear ascending triangle pattern which can potentially help SC to break through a long term resistance line (denoted with the hammers).
An ascending triangle is a bullish continuation patters and the fact that the price is hitting the supply line (diagonal line of the triangle) means that the perfect entry might be right here.
Volume is diminishing when the price crawls closer to the end of the triangle, but can gain very quickly in a bullish market.
In a bull cycle money will flow from BTC to top 10 altcoins (been there (ETH, XRP, LTC etc.), then to mid-top altcoins (next/now) then low marketcap altcoins (thereafter).
Once it breaks out of the triangle there is lots room for growth.
Please, let me know in the comments what you think of the idea and check my very early prediction for breaking the long term resistance line of BTC as well and follow me if you go long for updates.
A very clear ascending triangle pattern which can potentially help SC to break through a long term resistance line (denoted with the hammers).
An ascending triangle is a bullish continuation patters and the fact that the price is hitting the supply line (diagonal line of the triangle) means that the perfect entry might be right here.
Volume is diminishing when the price crawls closer to the end of the triangle, but can gain very quickly in a bullish market.
In a bull cycle money will flow from BTC to top 10 altcoins (been there (ETH, XRP, LTC etc.), then to mid-top altcoins (next/now) then low marketcap altcoins (thereafter).
Once it breaks out of the triangle there is lots room for growth.
Please, let me know in the comments what you think of the idea and check my very early prediction for breaking the long term resistance line of BTC as well and follow me if you go long for updates.