SNTBTC trade ideas
Status chart leading up to Ethereum DevconStatus has stated multiple times it has news coming which I think will be revealed at ethereums devcon during their talk on Nov 2. They are also a universal sponsor for the event so I think something big is coming. Chart is showing signs of a bounce and has increasing volume. Lets see how this plays out leading up to Nov 2
SNT/BTC down trendon the 30 'frame. The SNT has formed a classic head and shoulders pattern, after testing its strong resistance, it may turn its head to the red zone. It is only a low frame but can be referenced.
SNT looking for some good gains this week! - 1 Hour ChartLooks like SNTBTC is gaining traction and has a parabolic curve going for it. Look out for a potential cup and handle.
Please note the buy zones / stop loss / and take profit areas.
Note: I have no personal investment in SNTBTC so I would like to think that there is no bias to this chart.
Tip Jar: ETH - 0x627e2f07780db7f82f9631850b9faed5594bd9a0
Ross HookI see Ross hook formation First entrance was on TTE Trick level second is on the break on point 2
SNT Seems to Want to Break OutIt's been bumping against these two resistance ranges pretty regularly since ~9-9-17. Now peaking above with significantly higher volume though; for the moment...interesting though...
I sense a disturbance in the forceVolume is coming back in. Double bottom. Shakeouts may be done. Only a matter of time before we get a strong buy wick.
If you'd like out of this trade and have been holding for awhile, might want to set a modest TP. SNT's home was never meant to be < 1000sats.
LONG SNT Above 600 Tp at the RED line On the Chart LONG SNT Above 600 Tp at the RED line On the Chart
SNTBTC 50% targetSNT in very bad shape with downtrend almost 2 month, and trap in to double parallel channel.
today it hit flat low, this is early reversal sign in this pattern. If SNT able to break that channel, and break bullish confirmation at 633, 50% target at 997.
Use stoploss in this setup, because there is no support left
SNT rebranded to ICO ditribution tokenJezus christ look at this chart what was the buyin ?
5 sats or something ?
SNTBTC as another bottomming candidateCurious to see if Status bounces and how it behaves when it reaches the kumo-cloud.
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!
