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!
Statusnetworktoken
SNTBTCSorry guys, didn't have time to update my SNTBTC analysis until now. Also, I wasn't sure when SNTBTC was going to come back after the BTCUSD correction.
Anyway here we go: SNTBTC isforming a C&H on the 1H and 4H charts and thus this scenario looks very great.
Even though its a bit late ; I think its still worth it to get in the buy zone and ride this cup to the top.
As always, if you're not planning to hold, set your SL as we pass each fib level.
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.
SNT 1D Timeframe 5 December 2017Status Network Token, also a coin with an huge increase back in the days, when it first came on the exchanges.
It seems like the retracement of SNT is finally over and we're turning it upwards. MACD finally turned positive on the Daily as well, which is a good thing. In that case we might be making a cup coming months, which we can see with some other coins as well (for example BAT).
Will keep an eye on this one as well and update it on a weekly basis.
SNT - Ready for a move upStatus Network Token is now at its all time low and seems ready for a move up.
1) Volume has been increasing a lot lately as shown on the chart but price has stayed the same. That's a sign of lot of accumulation happening for this token.
2) MACD, RSI and TDI are showing bullish signs
2) They have been posting regular updates on Twitter: twitter.com
3) SNT is a great project with a very active community. Learn more about it here: status.im
3) They are releasing a new version of the wallet at the end of this week: blog.status.im
I think it will jump very soon with a potential to make a decent profit (2x-4x).
"Take Profit" levels are on the chart.
I am no expert so please take everything I say with a grain of salt as this is not financial advice.
Do your own research before investing your money.
Happy Trading!