SNTBTC trade ideas
SNT/BTC - When will the first market cycle end?I got a message asking about the value of SNT. At this time I would not make any moves until the first full market cycle completes (where a complete uptrend and downtrend have been clearly defined). At this time I don't feel the bottom has clearly been defined yet. I would keep an eye on it over the next week or so for it to make a decision and from there we could make a more educated decision.
SNT-BTC Touched Strong Support LineBlue lines: Resistant lines
Red lines: Support lines
Green lines: Trend lines
Comment:
It has touched a very strong support line and I don't think it will go down further.
When Bitcoin calms down a little bit it will bounce from the support line upwards.
So it could be a very good moment to enter.
Good luck.