SNTUSD trade ideas
$SNT $SNTBTC - Bull Flag on the daily
RSI - at 56
Stoch RSI - oversold and gaining momentum
I expect $SNT to breakout to the upside in the next 1-3 days.
STATUS 4H UGLY DOUBLE BOTTOM LONG TRADE Step #1: Identify two bottoms where the second bottom is at least 5% higher than the first bottom
The first step is to identify the correct price structure of the ugly double bottom pattern. Basically, we need two bottoms where the second bottom is higher than the first one. In other words, the price needs to make a higher low.
The second bottom also needs to be between 5% and 20% higher than the first bottom. This trading rule will ensure we’re not developing a double bottom pattern. Secondly, it will ensure the downswing leg before forming the second bottom has a proper length.
There is one more critical element that needs to be satisfied. This brings us to the second step of our day trading cryptocurrency strategy.
Step #2: Bottom 1 needs to develop a “V” shape type bottom
The key to this reversal setup is the shape of the first bottom. The bottom 1 price structure needs to be a “V” shaped bottom.
The identification guidelines of the V-shaped bottom are quite easy.
The price needs to drop in a straight line, and then it reverses and moves up at a slightly steeper slope or at least at the same speed as it fell.
The good thing is that we don’t need to spot this reversal pattern on a real live feed as they happen, we can look in hindsight and have the time to validate them.
Next, we’re going to outline what key condition needs to be satisfied with our entry strategy and how to buy Status SNT.
Step #3: How to buy Status SNT: Buy after we break above the highest point between the two bottoms.
The ugly double bottom pattern is confirmed once we break above the highest point between the two bottoms. That’s also the moment when you would want to buy Status SNT.
A break above the highest high between the two bottoms will also mark a break in the price structure. Once we break above point B, the price is making a higher high. This, paired with the previous higher low means we can safely assume the market is in the process of establishing a new bullish trend.
This reversal setup indicates that catching a falling knife can work, but you need to be patient until all requirements fall into place and only then pull the trigger.
This brings us to the next important step we need to establish for our day trading cryptocurrency strategy, which is where to place your protective stop loss.
Step #4: Place your protective Stop Loss below the second bottom
As we’ve suggested earlier, you can adopt different strategies to manage your risk, but for the purpose of this example, we’re going to highlight one effective way to hide your stop loss. Here is another strategy on how to apply technical analysis step by step.
Place your stop loss below the second bottom!
Alternatively, you can place your stop loss below the bottom 1, but this requires using a wider SL.
Step #5: Take profit at the 1.272 Fibonacci extension level
For our exit strategy, we’re going to use the Fibonacci extension toll. You can establish accurate profit targets with the help of the Fibonacci extension tool. We’re going to use the two bottoms and the highest high between the two bottoms as reference points to draw the Fibonacci extension lines.
As a day trader, you only need one good trade to succeed in this business. Just imagine how much you can accomplish with one good trade per day.
**Note: The above was an example of a BUY trade using the best Status SNT cryptocurrency strategy. Use the same rules for a SELL trade – but in reverse
ITS TIME...status (snt) is close to the price of ico.Dear currency status (snt) is close to the price of ico, it is certainly not great, but we checked it is not bad.
I take some pineapple from it (finally 3-1% of the balance, because there are other tools that we may take and I don't want the total of all of them to be higher than 2-6% of the balance)
If the market spills and goes to the floor, I will take it from him again,
SNT vs USDBullish divergence on Stochastic RSI versus price action together with a band to band transition on the Bollinger band, this is a good signal for a change in trend. The weekly chart is also interesting, Stochastic RSI on the floor, only one other direction to go! We also have an engulfing candle.
STATUS <3 ON THE EDGESNT is one of the most promising tokens on the universe. It is one of the favorite projects on GITHUB. DEvelopment in the project is on fire. I believe SNT will be profitable in the near future.
[SNTUSD] 2x Profit Chance is Here!Hello, this is D.VA.
Today's recommended coin is SNT (Status Network Token)
1. A giant falling wedge pattern's resistance is likely to break up
2. Strong historical support based on daily chart
3. Bearish Bat Pattern formation (Harmonic Pattern)
4. Volume Splike after long-term accumulation
5. 10-month RSI Resistance is broken for the first time and retraced successfully
6. DI+ and DI- intersected making positive momentum
From above reasons, we highly recoomend to buy SNT. However, since this is not the short-term bottom, if you are not an aggressive investor, we suggest you to buy at the lower price as possible from the provided buy zone.
Buy: 0.0335-0.0370$
Target:
-Short-Term: 0.0390$/0.0420$/0.0475$
-Long-Term: 0.0730$
Stop-Loss: 0.0323$
Status Rejecting Second SupportOn the 29th of May Status has found the support at 88.6% Fibonacci retracement, that is $0.087 level. The following wave up resulted in a break above two descending channels and reaching the high at $0.1.
The corrective wave down followed and SNT/USD yet again fond the support, this time at the 76.4% Fibs, that is $0.091. The strong support area has been formed between $0.087 and $0.091, and while it is holding, trend is likely to reverse to the upside.
Nearest resistance could be 61.8% Fibs retracement level, that is $0.15, which could provide a potential growth of 60% in the medium term. If that resistance is broken, an exponential growth by Status could take place.
It is important to watch the support area in general and $0.086 level in particular, as daily break and close would invalidate bullish outlook and could result in a decline towards the previous support at $0.074
SNTUSD is about to climb. Catch this opportunity to buy. !!Technical analysis:
STATUS NETWORK TOKEN/DOLLAR is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 33.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (0.09 to 0.02), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.09)
Ending of entry zone (0.02)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.20
TP2= @ 0.24
TP3= @ 0.34
TP4= @ 0.48
TP5= @ 0.72
TP6= Free
SNT 650% gains SNT is still retracing. and it wil go lower! because BTC will go down the coming days. This gives us even a better buying opportunity than the 88% Retracement level. The Fib extension tool indicates 650% potential for SNT
Ride the waves to the moon with me !
SNT - Bull mid and long termThis is not trading advice. Target $0.6
My last idea yesterday about this got blocked because I apparently broke the housing rules. So I post this again.
SNT - Setting up for the 5XOnce we break out of this wedge, the next fib extension levels are monsters - $1.00 is the first stop which i expect to hit mid MArch or so - representing a 5x return from today's spot price (Feb 7). Some lofty expections i know... only in crypto :)
Status of Status: Road to $2We'll say goodbye to Telegram when it comes to discuss Crypto. And It's sooner than we think.
SNT 1000% ?Status Network TOken - the chart looks solid. Look closely at the fib extension levels being respected on previous rallies... no reason not to target them again once the downward trend- line gets broken. Also, every correction in the past has retraced to the 23.6 fib level, exactly the same retracement we are currently at. This is the textbook buy low set - up (65% discount from previous ATH)
let's see if we can't get the 10x here
sntusd.eliotthis chart is compliting 4 wave of eliot and its near that start 5wave ...
its good for status ...
