[SNT/BTC] STATUS NETWORK COULD BE BOTTOMING [ 25-300% PROFIT]
#SNT / BTC ( Binance, Bittrex )
Buy Range : 570-600
Stop Loss : Not recommend
Target 1 : 860
Target 2 : 1346
Target 3 : 1815
WEEKLY CHART
- TD sequential setup suggest bottom could be near ( Positive )
- Trying to consolidate after 2 weeks ( Positive )
- CCI turning slowly from the lows and maybe in 2-3 weeks can turn into green ( Neutral )
- RSI touched 35 which is a good level to reverse ( positive )
DAILY CHART
- RSI is rising after touch oversold
- MACD is going up and showing positive strenght
- CCI shows some indecision due low volume on selling/buying ( neutral )
- SAR showing positive trend as price stays sideways and on accumulative phase
- Ichimoku cloud remains above candle ( Negative )
- Moving averages remains above candles ( Negative )
- Selloff candle ended at 516 sats where price started to reverse ( positive )
4H CHART
- Candles are "playing" with EMA20/50 But can't consolidate above it ( Neutral )
- MA200 remains above candle. However , it's going down soon and it could be touched if this coin get any poisitve impulse ( Neutral )
- Volume is not enough ( Negative )
- Downtrend has been stopped and SNT remains consolidate ( Positive )
- RSI is trending high ( Positive )
CONCLUSION
SNT has reached 4400sats/0.7$ around 9 months ago. Price has been dropped too much like other altcoins and is showing some potential signs of bottoming on the last weeks.
SNT could be need some weeks/months of consolidation like other altcoins. It highly depends of major ones when this one start to rally.
However, we should be really near of bottoming according to the low prices and some other indicators. This point is a very interesant spot to buy and wait.
Buy Range : 570-600
Stop Loss : Not recommend
Target 1 : 860
Target 2 : 1346
Target 3 : 1815
WEEKLY CHART
- TD sequential setup suggest bottom could be near ( Positive )
- Trying to consolidate after 2 weeks ( Positive )
- CCI turning slowly from the lows and maybe in 2-3 weeks can turn into green ( Neutral )
- RSI touched 35 which is a good level to reverse ( positive )
DAILY CHART
- RSI is rising after touch oversold
- MACD is going up and showing positive strenght
- CCI shows some indecision due low volume on selling/buying ( neutral )
- SAR showing positive trend as price stays sideways and on accumulative phase
- Ichimoku cloud remains above candle ( Negative )
- Moving averages remains above candles ( Negative )
- Selloff candle ended at 516 sats where price started to reverse ( positive )
4H CHART
- Candles are "playing" with EMA20/50 But can't consolidate above it ( Neutral )
- MA200 remains above candle. However , it's going down soon and it could be touched if this coin get any poisitve impulse ( Neutral )
- Volume is not enough ( Negative )
- Downtrend has been stopped and SNT remains consolidate ( Positive )
- RSI is trending high ( Positive )
CONCLUSION
SNT has reached 4400sats/0.7$ around 9 months ago. Price has been dropped too much like other altcoins and is showing some potential signs of bottoming on the last weeks.
SNT could be need some weeks/months of consolidation like other altcoins. It highly depends of major ones when this one start to rally.
However, we should be really near of bottoming according to the low prices and some other indicators. This point is a very interesant spot to buy and wait.
Comment:
Need longer wait but it will touch my targets ;)