alanmasters

SONM Retrace Is Complete | Now It Moves Back Up!

Long
BINANCE:SNMBTC   SONM / Bitcoin
SONM ( SNMBTC ) gave really good earnings for us and started to retrace.

As you can see in the chart above, on the 22-Sept. it moved up and challenged EMA200 (Orange line) and then it started to retrace.

Now that SNMBTC touched the 0.786 Fib. retracement level, it is very likely to move back up and challenged higher levels.

Its price is now above EMA10, EMA50 and EMA100 with volume just starting to come in and a bullish RSI .

This is a nice setup and can easily move higher. If the price moves below the blue line it can go lower. Above it is bullish .

Namaste.
Comment: This chart remains the same.
The same analysis is still valid.

If the blue dashed line remains intact then we keep the same view.
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Comments

@HAMZAMOOZZ
@Jeager

Same chart is still valid.

Just move the green arrow further to the right.

The bullish potential remains above the blue dashed line.
Reply
HAMZAMOOZZ alanmasters
@alanmasters,
THANKS A LOT
i think it will go up
Reply
Master SNM briefly went below the 125 sat level (blue line in chart) but looks to have broken back above and is holding. Is this chart still valid?
Reply
Hello bro it's below 147 now what's ur thoughts?
Reply
alanmasters Prasoongaba1
@Prasoongaba1, Same chart.
Reply
any update of this coin master?
Reply
Jeager ThirdyDelosSantos
@ThirdyDelosSantos, I'm also curious on his thoughts. IMO it bounced back fairly strong from the Bitcoin dip yesterday and it looks like it wants to continue up toward the 200 sat level
Reply
There are 2 blue lines Master. You are talking about the Dotted Blue Line.
Reply
Confucius_The_Great Confucius_The_Great
@Confucius_The_Great, It may be purple the other one, but looks like blue to me. Enough to confuse a beginner.
Reply
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