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.