Supercomputer for everyone. SNM/ BTC analyticsBUY: 0,00000636 - 0,00000644
SELL: 0,00001020
STOP-LOSS: 0,00000629
Support: 0,00000642
Resistance: 0,00000903
SONM (Supercomputer Organized by Network Mining) is a decentralized Ethereum-based platform whose goal is to redistribute the computing power of all network users. It allows, on the one hand, access to the necessary resources, and on the other hand - to sell unused computer time. The SONM platform creates a decentralized network without a single center - with server or data storage - a network of fog computing.
The principles of building a SONM platform are based on ensuring the stability of the network, where disabling a number of users will not lead to a system collapse.
The minimum asset price was formed on November 20 at the level of 0.00000586. Noted, that the rates growth occurs at high trade volumes, and the fall - at a low one, which indicates interest in the token.
The point of entry into the asset lies within 0.00000636 - 0.00000644 BTC. Opening positions, you should take into account that intraday volumes can be many times higher than the average. Be sure to put a stop loss at the level of 0.00000629. The support line is at the level of 0.00000642, but it's worth considering that the asset rate is not far from the minimum values, a breakdown is possible. The resistance line is 0.00000903, but it is rather weak. Therefore, the sales zone is set higher - in the range of 0.00001000 - 0.00001020.
It's hard to intraday trading because volatility is 6-9 %, but liquidity is very unstable.
The coin is more suitable for trading in the medium term than for intraday. A working fog computing platform, clear plans for further product development and an actual idea suggest that the token is also suitable for long-term investments.
SNM
SNM SNM has been having epic little runs that quickly put 20% in you Pocket. Look to get in round the bottom trend line.
SNM now in accumulation floorlong term accumulation zone / she knows how to reach for the moon / interesting cloud/fog computing project
"once in a while you get shown the light in the strangest of places if you look at it right" - Robert Hunter
SNM // GET READY FOT ITClosing around this price will create a massive bullish hammer which will be followed buy days of rising and rising.
TARGETS
(1) 20%
(2) 50%
SNM/BTC from 180%to 550% profitHello.
One more candidate!
If we can break the red line - the ultimate goal will be achievable
all important moving averages almost turned around and look up
ITS NOT financial advice!
SNM 4R IDEASNM Entry 950-960 bids at 939
TP1 1455
Solid hold based on hammer continuation candle pattern and low volume selloff during btc uncertainty
SL 839-859
4R Trade
If hammer continues you can buy a breakout of 1000 and move the stoploss under the 917 wick
Sonm looks primed!!Just look at the chart. It's had two mega pumps. This one is sitting in support after a damn near full retrace. The setup is basically telling you to buy.
SNM going upI really like that chart. It shows great potential for growing. In long term my target is ~1300. Shorted targets are 1000-1090.
Once the price gets over 960 it will fly to the moom as it is the last resistance within nearest period of time. Everything else is rather old for crypto time (more than 2 months).
SNM/BTC LONGWhen we look at the chart we'll see good cup formation!
If The chart is work well definetly the price will be between TP1 and TP2 around 29th october.
If look at the chart with magic numbers of fibonacci's we goona see little strong resistance between 0,618 to 0,786 ! And the price want to back to around 1080 satoshi for test supoort. After touch the support (1080) price want to go 1200!
Good Luck Guys !
Like , Comment and Share for more chart !
SNM ideavolume is really low at the moment but if it will breakout we can expect a pump or %10 profit from here.
stop loss area is under 840
DYOR
SNM looks goodBuy in (800-830)
My entry : 820
Stop loss : 790->788
Targets:
1) 840 (2%)
2) 870 (5.71%)
3) 890 (8.14%)
4) 906 (10%)
SNM Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
Looks Good? Leave a like and share.
Thanks for visiting.
There is a possibility for the beginning of an uptrend in SNMETHTechnical analysis:
. SONM/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trade Setup:
We opened 8 BUY trade(s) @ 0.00023921 based on ' Hammer ' entry method at 09.10.2018.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.00021500 to 0.00018600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00021500)
Ending of entry zone (0.00018600)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0002584
TP2= @ 0.0003023
TP3= @ 0.0003361
TP4= @ 0.0003803
TP5= @ 0.0004304
TP6= @ 0.0005391
TP7= @ 0.0007097
TP8= Free
There is a possibility for the beginning of an uptrend in SNMETHTechnical analysis:
. SONM/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trade Setup:
We opened 8 BUY trade(s) @ 0.00023921 based on ' Hammer ' entry method at 09.10.2018.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.00021500 to 0.00018600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00021500)
Ending of entry zone (0.00018600)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0002584
TP2= @ 0.0003023
TP3= @ 0.0003361
TP4= @ 0.0003803
TP5= @ 0.0004304
TP6= @ 0.0005391
TP7= @ 0.0007097
TP8= Free
SNM/BTC3 Reasons:
Location: At new low support
Momentum: W confirmed on Willy and OBV.
Structure: Double Bottom structure confirmed, entry at confirmation and risk against structure low.
Profit Objective: 2:1 R/R min
A trading opportunity to buy in SNMETHTechnical analysis:
. SONM/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00020480 to 0.00017635). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00020480)
Ending of entry zone (0.00017635)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0002319
TP2= @ 0.0002584
TP3= @ 0.0003023
TP4= @ 0.0003361
TP5= @ 0.0003803
TP6= @ 0.0004304
TP7= @ 0.0005391
TP8= @ 0.0007097
TP9= Free
A trading opportunity to buy in SNMETHTechnical analysis:
. SONM/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00020480 to 0.00017635). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00020480)
Ending of entry zone (0.00017635)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0002319
TP2= @ 0.0002584
TP3= @ 0.0003023
TP4= @ 0.0003361
TP5= @ 0.0003803
TP6= @ 0.0004304
TP7= @ 0.0005391
TP8= @ 0.0007097
TP9= Free
SNM - Falling Wedge Reversal Pattern Points To Big Gains Ahead..On today's BINANCE:SNMBTC chart, I want to show you one of my favorite trade set-ups.
This is called a Falling Wedge Trade.
This trade is very easy because you buy after you break out from the wedge and hold with a wide stop loss to allow for the volatility.
Another entry point is the Upper Resistance Line retest.
Typically when we break out from the wedge, there is usually a retest of the wedge resistance.
On this chart, we may see a retest of the .00000770 level for another possible entry.
The Falling Wedge is typically a bullish pattern that starts wide
at the top and gets thinner as price gets into a consolidated tighter range.
It forms a wedge that slopes down and comes to what is known as
a terminal end point.
Upper Resistance Line:
Connect the reaction highs together with a diagonal trend line.
(You want at least 2-3 highs to make a valid wedge.)
Lower Resistance Line:
Connect the reaction lows in a diagonal trend line.
(You want at least 2-3 lows to touch along the line.)
Confirmation of a bullish move is a break upwards through the Upper Resistance Line
as seen on this chart of BINANCE:SNMBTC .
WHAT ELSE TO LOOK FOR:
To catch this pattern early, look for other indicators like (RSI Divergence,
Swing low failures, Tom Demark Sequential buy set-ups, increased volume, MacD cross overs, Moving Average Cross Overs, etc. to give you an
idea it's going to break out of the wedge.
In this case, we had a historically strong support coinciding with a RSI bullish
divergence and and RSI swing low failure for strong confirmation of a reversal pattern forming.
Also make sure to look at fundamentals:
We have perfect timing with the SONM Minimum Viable Product release coming soon as well, which could be a great catalyst to get us moving higher and bring in more traders.
I'm expecting at least a 60% move out of this trade over the next 7-10 days with a much bigger move over the next couple of months.
Thanks for reading and I hope you learned something.
If this helped you make money or learn something, please click the like button as that encourages me to make more.
Leave a comment below with your thoughts and I'll try and answer them all.
Thanks!
NOTE:
This was a Signal Profits trade given with an entry at 0.00000800 entry and we are already up 10% on this trade, but it has plenty of more room to go.
SONM Trading At Psychological SupportYesterday SONM has rejected the 461.8% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout. The support at $0.1 strong psychological level has been rejected cleanly suggesting the potential trend reversal.
At the same time RSI oscillator formed a bullish divergense confirming potential upcoming wave up. Nevertheless, these facts might not be enough or the trend reversal and price might continue ranging near $0.1.
The next expected signal of an uptrend could be the break above $0.145 resistance, where previously SNM/USD has rejected the downtrend trendline as well as 50 Moving Average.
On the other hand if Sonm will go below $0.09, downtrend is likely to continue, at least towards the next strong support area at $0.06
My $1k to $100k Challenge - Day 24 Trade #36 - SNMHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
After 23 days and 34 completed trades:
Wins: 15
Loss: 19
Balance: 0.1593 B
USD: $ 1114
*Some trades may be pending and not yet included in my stats
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart.
Alright, here we go with Day 24 trade #36
I invested 0.078 B into SNM. I bought 5864 @ 1330 satoshi
Sell target is: 1463 for 10.02% profit
Suggested Stop loss: 1263 (-5%)
SNM just had a downtrend breakout on the daily chart. The two previous breaksouts had price spikes of 223% and 33%.
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!