Technical analysis by Zoom_Out_Analysis about Symbol SC on 2/23/2024

While we are bouncing between support and resistance, sia is looking strong on the bigger time frames. Supp. and res. lines are getting closer towards each other,in a symmetrical triangle. price is also making a sort of inverted head and shoulders pattern between those support and resistance lines. For now it looks like, everytime the rsi crossed 70 , we get a quick and strong price movement. If we break , and retest the 0.02 resistance area as our new support, the higher pricetargets , around 0.30 cents are coming into play. correct me if i'm wrong , but if bitcoin stays bullish , this is what we are looking at on the monthly chart.. i also overlayed the 2016 - 2021 bars pattern , to show what sia's price did in the past. After that, i stretched the blue bars pattern out just a little , to account for the exponantional growth of the whole crypto industry. off course there also should be a fib , and some moving averages, but i wanted to keep the chart as clean as possible, to show the expected price action most clearly. as always , -always use a stoploss -never trade without charting first -never invest any money you cannot afford to lose ! -my charts are not financial or investment advise -my warnings are.