On the D chart SNM just hit his strongest support line, it corresponds exactly to 0.786 fib point of retracement. RSI is clearly oversold and just bounced from the channel support. The confirmation of trend inversion would be the break of both price and rsi channels resistances. I put targets at 0.000052 (250%) (that is also the previous resistance and 1 fib...
Elliott waves triangle ending, decreasing volume, oversold.. everything tell us to buy! It may take some time to reach the highest target (2 months +) and in the middle there could be some relevant correction wave (2 and 4 ) Targets: -0.00106812 -0.00157225 -0.00194803
Wave 2 could be almost complete. It would mean new all time high, i set targets at: -0.00030817 -0.00037540 StochRSI confirms an oversold
The channelling shows that the target of Wave 5 is reach at 0.000722. Possible ABC correction to 0.000529
The correction ABCDE triangle could be over soon, maybe one last small bounce back. After that a new impulse wave should start, aiming for a 100% gain. Targets : -0.00026944 -0.00033482
Elliott waves confirm the cup and handle formation, new target to 0.00017718