Status (SNTBTC) On Watchlist (600%+ Potential)Take a look at Status (SNTBTC), all the signs are there. This coin is ready to move soon, a new wave up is approaching.
Here is the daily chart:
- There is good divergence on the MACD.
- The RSI bounced recently from oversold and is now trending up.
- There isn't any significant volume. Needs more time.
- Keeping on watch-list.
Your support is highly appreciated.
Namaste.
SNTBTC trade ideas
SNTLong-term deal
Here we see a strong support area at 837 ST which has been tested many times and the price has rebounded upwards
On 27/12/2017
As we often say, managing capital in every deal is very important
Better now buy 50% of the transaction value at current prices and consolidate the deal from below
In case of drop from the following prices 25% at the price of 500 ST and 25% at the price of 310 ST
Sell in stages and hold 25% of the transaction value for far-reaching goals as we always say
Long-term goals
1300 ST
1500 ST
1800 ST
2000 ST
2500 ST
2690 ST
3360 ST
4400 ST
SNTBTC - possible upward movement to value zoneA good Bullish Divergence on MACD-H
A divergence with Elder Force Index, so this is a confirmation.
False breakout developing on the 1H chart, which confirms a possible upward movement because of this price is rejected.
RSI touched overbought zone
I expect it to go up to the slow EMA
Target can also be the +0.5 or +1 ATR
I will decide if I get out at target 1 (first arrow) and with how much.
I could take 1/3 or 2/3 up to the +1 ATR, depending on how the trade develops.
Entry 0.00001144
Target 0.0001180
Stop Loss 0.0001130
R/R ratio: 1:2.5
$SNT, Alt-season is that you….
Weekly
Looking at our highest timeframe we see price has found major support at 1000 satoshis, and is currently testing our major resistance at 1400. Stochastic RSI showing momentum is just starting to head towards the upside. A weekly close above or resistance and we should see a higher high be formed.
Daily
Shifting over to our pattern timeframe we see price piercing our resistance zone and has since slowly been retracing from this level. Expecting price to hold above our 1200 support level, a daily close below this level and expect price to fall towards 1000 and form a wammie double bottom at this level. Stochastic RSI showing momentum has peaked out and we could be heading towards the downside temporarily.
Road Trip to Top of Cherry Hill!
Weekly
Looking at out highest timeframe we see price has once again reached our major support at 1200 expecting a double bottom to form at this level. Stochastic RSI showing momentum is heading towards the downside, however remember indicates rely on price action. Let’s take a look at our other timeframes.
Daily
Shifting to our pattern timeframe we get a better perspective of our double bottom formation. Waiting for a daily close above 1300 before taking a buy, stochastic rsi showing momentum is heading towards the upside.
4Hour
Finally looking at our trigger timeframe we see price has also formed a double bottom inside our smaller timeframe, while our bigger timeframe double bottom forms. 4Hour close above 1300 activates our trade, stochastic rsi showing momentum slowing down from it’s short term bullish run.
Conclusion
Wait for the daily close above 1300
