Status Network Token has been forming a pennant and is nearing the point at which it will decide whether to rise or fall. There was a pennant which SNT broke out of earlier to reach current levels so its hard to tell if theres enough juice left to carry it further. I believe SNT is still bullish with all the recent positive news but lets wait and see...
Possible Entry: <440
First Target: 500
TP1: 450
Possible Entry: <440
First Target: 500
TP1: 450
Note
No real beak yet. had to adjust my lines... (s3.amazonaws.com/tradingview/snapshots/a/anVJfCpu.png)Note
Looking a little trick here: order book is bullish but pennant may have broken down. Low volume and light order book is a dangerous combination. Trade cautiously.Note
Correct Chart: (s3.amazonaws.com/tradingview/snapshots/5/5FyAAPFC.png)First Target: 500 hit overnight!
Pick up more at <450 for second run as long as support at 440 area doesn't break...
PS. My original lines aren't showing this trade with much clarity. Updated chart to come soon if 500 is breached again
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.