Get started

SNTBTC

SNT: looking at past patterns to set up a nice trade opportunityI personally see the project of Status Network Token as a prospective winner for this 2018 year given the quality of their team and their idea. The situation as of now with SNT is clearly bearish, but looking at how the price has acted in the past months, we can still keep an eye on this coin and set up a trade that for the mid term can be very profitable. The analysis shows that SNT is moving in a descending channel, with the momentum still in the negative range. Looking back at the period before the last bullish wave, we can see some patterns that, if repeated, can give us some hints at where to place our entry and exit points. Before the last bullish wave, we also had a longer than normal negative momentum period, but the ADX was slowly increasing and crossing to positive range before the price increased. At that moment SNT was also moving in a descending channel and below the EMA(50) Option A: buy if we hit the bottom around 0.00001800-1900 Option B: buy if the descending channel is broken and if the price breaks the EMA(50) mark around 0.00002350 For both options, a good mid-term target for taking profits would be around 0.00003050. Good luck!
SLong
by clopezf25
80% Upside potential on SNT ( buy) As you can see here, during the latest bitcoin crash the lowest Fib line acted as a great support level for SNT. We have now seen a small spike with not much volume bringin up to the (0.236 Fib line 0.00002379) As we have now broke into this level, what we are looking for is for this area to turn into a new support level. The idea here is to buy if we close over 0.236 fib line, while implementing a tight stop loss at this level, giving us little to no risk with huge rewards. Short term target is 15% profit reaching the next Fib line, which has proven to have held some resistance, and if we break that we continue to soar, Maximum long term potental of 84% gain. Key things to look for here is an increase in Volume. The RSI indicator has started to curve up from being very over sold which is a Bullish sign. A great trade or investment with little to no risk from this area. Ideally we want to see if the Daily candle closes above 0.235 fib line before buying.
Long
by rajeezus
Wedges on SNT, sign of a bullish movement (Status Network Token)A BULLISH Continuation Wedge consists of two converging trend lines that we can see on the graph. This is because prices edge steadily lower in a converging pattern i.e. there are lower highs and lower lows. We can also see that the volume diminish as the pattern forms and I can see a rise of prise in the upcoming month. Great buy opportunity :) Target in mind : 2858, 3091, 3255, 3418, 3621, 3948 Target 1 : 2858 Target 2 : 3091 Target 3: 3255 Will update other targets in a regular basis. Good luck and trade safe!
by UnknownUnicorn1484312
2
Status Network Token (SNT) Chart Analysis (Trending Downward)Status Network Token (SNT) Analysis - This coin is trending downward. The price reached a top on the perfect 9 count on the TD Sequential indicator. - You can see a triangle formation on the chart, which means that consolidation is happening and a breakout will happen soon after but, if you look at the indicators they are all overloaded or trending down. - This daily chart is telling me that SNT might need a break. If the support line is broken downward, it will might go down hard. - If it breaks up, it has to challenge the recent high and these are very hard to break looking at the indicators on the chart. - I would sell my SNT in peace and be looking for a new entry point after the support levels are re-tested. This is if you want to continue trading this coin. - If you are thinking long term in the range of many months then holding is really easy, as price swings are not important in a long hold. Notes: - Magenta line show resistance levels. - Black lines show support. Hope you enjoyed this analysis. These are short term signals. This analysis won't be valid a few days or weeks from now, as the charts will always be changing. Since this is mainly a daily chart signals analysis, the signals are updated every day when a new candle is formed. Please keep this in mind.
by AlanSantana
34