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ErnestEA
Mar 26, 2018 2:39 AM

SNT - The Status for Status is Clear Long

Status / BitcoinBinance

Description

Hello everyone. In this 3 month long bear market, every single coin out there had retraced to 0.785 fib level which is considered to be a full correction and later bounced off. SNT is one of the few coins out there that haven't bounced off yet from the 0.786 fib level making it a great coin to get in as chasing pumps in a bear market is highly dangerous.

We also see that ABC corrective wave is almost complete, SNT bouncing off 0.786 fib level twice which shows a strong support there. We're currently awaiting for Wave 1 to begin which should be soon as SNT had tested 0.786 support multiple times and bounced off slightly above it.

Comment



Zooming into the 30min time chart, we see a green thick candle that's the same length as the red candle which is very bullish.
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