Long
SNT - The Status for Status is Clear
Hello everyone. In this 3 month long bear market, every single coin out there had retraced to 0.785 fib level which is considered to be a full correction and later bounced off. SNT is one of the few coins out there that haven't bounced off yet from the 0.786 fib level making it a great coin to get in as chasing pumps in a bear market is highly dangerous.
We also see that ABC corrective wave is almost complete, SNT bouncing off 0.786 fib level twice which shows a strong support there. We're currently awaiting for Wave 1 to begin which should be soon as SNT had tested 0.786 support multiple times and bounced off slightly above it.
We also see that ABC corrective wave is almost complete, SNT bouncing off 0.786 fib level twice which shows a strong support there. We're currently awaiting for Wave 1 to begin which should be soon as SNT had tested 0.786 support multiple times and bounced off slightly above it.
Note
Zooming into the 30min time chart, we see a green thick candle that's the same length as the red candle which is very bullish.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.