SNT/USD Triangle breakout - retest ATH
Updated
Currently SNT is pretty undervalued for that it got a working Alpha and getting closer and closer to the open Beta. It got a lot of potential with the first mobile application/messenger which enables the connection between ethereum blockchain and real world usage with DApp support.
Currently the SNT's Marketcap is at 1.566 Mrd. (@0.451) and gonna push higher pretty soon.
SNT currently in consolidation after ATH and the getting very close to breaking out and sitting on the 0.5 Fib-Level and on the 50 EMA - The factor that the open Beta of Status gonna get released in March gonna benefit the price and I suspect following first targets:
T1: 0.739$ (ATH - Marketcap: ~2.5 Mrd)
T2: 0.964$ (Marketcap: ~3.35 Mrd)
Currently the SNT's Marketcap is at 1.566 Mrd. (@0.451) and gonna push higher pretty soon.
SNT currently in consolidation after ATH and the getting very close to breaking out and sitting on the 0.5 Fib-Level and on the 50 EMA - The factor that the open Beta of Status gonna get released in March gonna benefit the price and I suspect following first targets:
T1: 0.739$ (ATH - Marketcap: ~2.5 Mrd)
T2: 0.964$ (Marketcap: ~3.35 Mrd)
Note
With the drop of BTC the Triangle broke down and SNT is currently sitting on the 0.382 Fib-Level - BTC is currently sitting on a support trendline too so if this holds and bounces of I expect the push from SNT too.Trade active
s3.amazonaws.com/tradingview/snapshots/z/z3K9eeoZ.pngRetraced a little bit and currently sitting on the 0.5 level and working it back up slowly.
Targets still the same and the project is progressing nicely and the marking is starting to pick up soon.
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