$SC will have only $ETH exchange pair i.e SCETH after the removal of $USDT after 30 Dec 2024. not sure if SCEUR pair will be introduced. but it appears scary.
Nokia and Intel both had advanced technologies but suffered due to poor marketing strategies and strategic missteps.
Nokia: Despite leading the mobile industry, Nokia failed to adapt to the smartphone revolution, underestimating the importance of software ecosystems like iOS and Android. Their reluctance to innovate with touchscreens and reliance on Symbian OS allowed competitors like Apple and Samsung to dominate.
Intel: Intel had cutting-edge processor technology but failed to capitalize on the mobile and ARM processor markets. Their focus on traditional PCs, coupled with poor collaboration with device manufacturers, allowed competitors like AMD and Qualcomm to gain significant market share.
In both cases, strong technology alone couldn’t compensate for poor market foresight and strategy.
be mindful, learn and gain skills to market your awsome idea.
$SC Based on the SC/USDT chart with 1-month candlesticks:
Observations:
1. Cup and Handle Pattern:
The chart shows a rounded bottom (the "cup") formed over several months.
A slight upward consolidation can be interpreted as the "handle."
The price is nearing the resistance level around $0.0085, which corresponds to the rim of the cup.
2. Technical Indicators:
RSI (Relative Strength Index): Currently at 66.45, indicating bullish momentum but nearing overbought territory.
Volume: An increase in volume supports the idea of accumulation and the potential for a breakout.
Moving Averages: The price is above the 50 MA, indicating bullish sentiment.
3. Resistance and Breakout Potential:
The resistance at $0.0085 aligns with the rim of the cup. If broken with volume, it could trigger a breakout.
A breakout from the cup-and-handle pattern often targets a price equal to the depth of the cup added to the breakout level, which might bring SC/USDT closer to $0.02.
Technical Analysis:
Pattern Validation: The cup-and-handle pattern seems valid as there is a rounded bottom followed by a small consolidation phase.
Breakout Expectations: A breakout is possible if:
The price closes above $0.0085 with significant volume.
RSI remains below 70 without sharp divergence.
Potential Risks:
If the price fails to break resistance, a pullback to support levels near $0.0075 or $0.0065 is possible.
Overbought RSI could lead to temporary profit-taking.
Strategy:
Bullish Case: Enter on a confirmed breakout above $0.0085 with volume, targeting $0.01–$0.02.
Bearish Case: If rejected at resistance, wait for a pullback to support levels for a better entry.
Keep monitoring the price action near the resistance level for confirmation of the breakout.
$SC Jerome Powell, the head of the U.S. Federal Reserve (similar to a "State Bank"), is delivering an important speech today. His statements will provide clues about whether the Fed will lower interest rates on December 18. A rate cut (by 0.25%) would make borrowing cheaper, encouraging investments in markets like stocks and crypto, potentially driving prices up. Conversely, keeping rates unchanged could make money expensive, discouraging investments and causing market declines. Powell’s speech will impact not only U.S. markets but also global markets.