alanmasters
Long

Status (SNTBTC) Can Have A Violent Breakout!

BINANCE:SNTBTC   Status / Bitcoin
Status ( SNTBTC ), the old Status Network Token, is giving me some mixed feelings... In a positive way.

We've seen many similar charts already, as most Binance altcoins reached a low on the 13/14 May, only to bounce and continue moving lower, or bounce, retrace and then boom, a very strong impulse to the upside...

Looking at the volume today for SNTBTC and the candlestick we have, this pair too might due to an impulse up.

Notes:

  • For this signal to be valid, we are looking for a close above EMA10 on the daily time frame.

  • There can be some consolidation before the move up.

  • The last low, 281 satoshis (0.00000281 btc ), is the next support. If this level breaks then the above signal becomes invalidated.

  • The 250 satoshis line at the bottom of the chart can work well as a stop-loss for a long term trade/trader.

Thanks a lot for reading.

Namaste.

This is not financial advice. All information shared for learning and educational purposes only.
Comment: Weekly chart:

  • All time low.
  • Volume breakout.
  • Profits potential (PP) to all-time high (ATH).
Comment: Targets:

(1) 0.00000395 -Reached 7-June (+20%)
(2) 0.00000430 -Reached 7-June (+30%)
(3) 0.00000510 -Next target
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