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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
SLong
by ForecastCity
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
SLong
by ForecastCity
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
SLong
by ForecastCity
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
SLong
by ForecastCity
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.
SLong
by jacobcanfield
5
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
S
by CryptoPAMM
SONM vs Bitcoin Down To SupportRecently SONM has jump up by nearly 50% after it bounced off the 8/1 Gann Fan trendline. SONM/BTC broke above the 200 Moving Average and reached 3000 satoshis high. It seems that this was a strong psychological resistance level, which SONM failed to overcome. Today price broke below the 200 Moving Average, suggesting yet another wave down. SONM is very likely to re-test the Gann Fan trendline, while correcting down to 78.6% Fibonacci retracement level at 2000 satoshis level. This is a strong psychological support as well, and if SONM/BTC will reject it, the stronger growth could be expected. But, if broken, downtrend continuation could take place sending price back down to 1k satoshis area.
SShort
by CryptoPAMM
SONM 4/06hello guys We are a little bit below the golden ratio still okay for now and it seems we've found support at 2500. 4h RSI is finding support and perhaps this will start the 3rd wave up. IMO we can start to scale in a position and target 2780 range what will give us a 8% gainz and set a stop below 2500. Thats all noting more to say Don't forget to like, subscribe and share It doesn't cost you anything :) good luck and thank you for tuning in !! DISCLAIMER: The Legal stuff - I'm not financial adviser.
SLong
by t80260
2
$SONM Update $SONM is the primary sponsor of Consensus next week. They'll be seen by a lot of people, underrated and under advertised project to this point. As much as people want to say Consensus is meaningless, SONM landed in NYC on the 7th and met with VC firms all week. They have 7,000 people going to Consensus. Minuscule number. But 6,500 of those people are people who matter in this industry. I'm not concerned about this little sell-off at all and think we're in for another great week.
SLong
by CoachCloss