First published idea. Feedback appreciated. Go SIA!
Comentário
⋅
Not sure if I inserted this update right but here goes. We are still above the drawn support line, agood sign. There is a potential for a double bottom here. We are also in position to pierce the ichimoku cloud from the bottom which could start an upward trend as well.
I am holding SIA long because of my belief in the technology. If you don't know much about SIA, the service will allow people/businesses with unused storage space to lease it by allowing others to use it for a fee, like cloud storage services. Think of Uber for cloud data storage. The crowd sourcing aspect will give current cloud storage solutions a run for their money, while also empowering people. Also, data will be split up and spread across multiple storage spaces, with redundant copies to prevent data loss and vulnerability to attacks or outages. You can read more about it on their blog. I have a strong belief that this is just the beginning of a world changing platform and we will see much more growth in the future.
Over all, research and form an opinion! Gather input from other posters and evaluate if you are seeing posts generally favoring an upward or downward direction. Invest responsibly and good luck :)
Good job mate! Nice first chart. I would suggest though that you look at a slightly longer scale maybe. 4h or 1d are really good. 45 minute chart may show misleading support and resistance.