Status Rejecting Second Support

BINANCE:SNTUSD   Status / US Dollar (calculated by TradingView)
On the 29th of May Status has found the support at 88.6% Fibonacci retracement , that is $0.087 level. The following wave up resulted in a break above two descending channels and reaching the high at $0.1. 

The corrective wave down followed and SNT/USD yet again fond the support, this time at the 76.4% Fibs, that is $0.091. The strong support area has been formed between $0.087 and $0.091, and while it is holding, trend is likely to reverse to the upside.

Nearest resistance could be 61.8% Fibs retracement level, that is $0.15, which could provide a potential growth of 60% in the medium term. If that resistance is broken, an exponential growth by Status could take place.

It is important to watch the support area in general and $0.086 level in particular, as daily break and close would invalidate bullish outlook and could result in a decline towards the previous support at $0.074
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out