SNTBTC trade ideas
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: Cup and Handle or Descending TriangleIts been a fun run with BITTREX:SNTBTC but the consolidation has been trying for some especially when other altcoins are suddenly rallying. It is unclear where SNT want to go as volume has been declining since the initial rally. Despite this, it is possible that that the real rally has just begun with the new of SNT joining the Enterprise Ethereum Alliance (EEA). Or perhaps the rally was early positioning in order to sell the news. Watch the triangle for a breakout if looking for entry or breakdown if looking for exist. Considering that SNT just bounced off the 100MA on the 1hr it is likely to be a breakout but only patience will reveal the answer. I'm still long with a protective stop @ 0.00000585 (Banking on that hidden bullish divergence). Play it safe.
$SNT pumping hardSNT woke up and is pumping hard, some news yesterday that sounded good as well. It broke out of the trangle and is on route for the green target in chart, leg 3 up. not sure if it make another leg up after that we will have to see at that time.
for now, hold on to your hats, its moon time!
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SNT Restest of Previous High SNT has a bullish moving average cross incoming (on a lower time frame) and may retest previous nhigh of ~450. Support at the 380 level has been very good (omitting the drop after BTC breakout). This move may take a few days to pan out because of the current major crypto current bullish run (DASH, ETH, BTC, LTC) so patience is key
Entry: 380-400
TP1: 420
TP2: 450
Target: 500
Stop: 350
SNT Decision Time Status Network Token has been forming a pennant and is nearing the point at which it will decide whether to rise or fall. There was a pennant which SNT broke out of earlier to reach current levels so its hard to tell if theres enough juice left to carry it further. I believe SNT is still bullish with all the recent positive news but lets wait and see...
Possible Entry: <440
First Target: 500
TP1: 450
SNTBTC=Healthy accumulation and looking for more upsideSNTBTC, the very well known high ICO cap coin. We saw a huge downtrend since it was launched on bittrex. Since last few days it is showing that it is in a healthy accumulation and seems like the downside is complete. We might see good upside from this coin if the upper resistance line gets broken.
SNT-BTC TradingIdea on the DailyIf we break through the Resistance-Level, we better wait for confirmation and place our buy Order @ about 0.00000606 (3% above the Resistance-Lvl).
Target 1 is: 0.00000682, about 12,42% from our entry
Target 2 is: 0.00000875, about 41,72% from our entry
Lets see where it goes.
Good Luck to us.