SNT in very bad shape with downtrend almost 2 month, and trap in to double parallel channel. today it hit flat low, this is early reversal sign in this pattern. If SNT able to break that channel, and break bullish confirmation at 633, 50% target at 997. Use stoploss in this setup, because there is no support left
SNT broke 633 and reached to 749 but its falling hard and currently at 602. Does this means its race to 0 now.
rommelbtc28
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@abwallet, what are your thoughts? racing to 0 now?
El_Crypto_Ball
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I got in, thanks!
Atlantean
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Dont you think the RSI being @70 will have a negative effect on the continued price increase?
whoisthelorax
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@Atlantean, only over next few hours. Daily rsi is less than 40.
al589917
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How is the flaw low determined?
thompshma
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Looks like Its going up, about to break 633
mohadcs
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how can you identify the bullish confirmation?
SmilieLion
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@mohadcs, if it closes above the lines she has drawn.
First if it goes above the downward trend lines
and then if it goes above the 0.00000663 line she drew.
If it doesnt do either of those things and instead drops below the flat low, sell as breakout was rejected and there is no limit (besides 0) to what low it will stop at
Aitoyko
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Hi dian, do you see any new pattern for XLM? Thanks in advance :)