alanmasters
Long

Status Network Token Prints High Volume (Already In Profit)

BINANCE:SNTBTC   Status / Bitcoin
Status Network Token ( SNTBTC ) is another altcoin that is starting to move.

We already have an active trade in profits for this one, you can find it here (we are looking at 35%+ profits already):
But I wanted to do a quick analysis on this chart for you, as there is lots of room left available for growth, so here are the signals:

  • We can see a recent break above EMA10, EMA50, and EMA100, which is really bullish supported by big volume .

  • We can clearly see an increase in green volume , a significant increase. This is really bullish and supports the recent break above resistance.

    Last time SNTBTC broke above resistance without good volume supporting it (marked blue circle), it quickly fell back down.

  • So we have the high volume breakout and a follow up with the next day candle which is green.

  • The MACD is entering the bullish zone, and the RSI is strong and trading above all resistance.

Status Network Token is set up to generate some good gains in the coming weeks, but things can change...

Conditions for change: If SNTBTC loses momentums, breaks down and closes below support (EMA10, 50 and EMA100), then the above signals are invalidated and a new analysis is needed.

SNTBTC is now bullish and additional bullish action is expected.

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Thanks a lot for reading.

Namaste.
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