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Everything on the chart.
Entry: market and lower
Target zone: 0.48 - 0.52
after first target reached move ur stop to breakeven
Stop: ~0.275 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good...
Update for the last analysis.
1. Channel is finally broken.
2. Possible move to 0.618 fibo - 3$.
3. In positive case - goin to ATH.
4. In negative - just correction and continue of downtrend to 0,2$.
see and watch :)
Based on the evidence shown by price movements and the RSI indicator, this range is probably the price floor and is ready to grow from this range ...
There is great selling pressure on Shiden.
My last idea is failed, so i'm not so optimistic anymore and have 2 possible ways for this coin.
Good (green) scenario means that SDN have ended ABC correction with -80% price drop.
Bad (red) scenario means that we ended only wave A, so its likely to expect small corrective wave B and than strong C, which push price to...
Well, now we have long and sharp correction from 8$ level looking like triple zigzag.
If wave C will be equal to A in wave Z we can predict bottom at 2.590$, but it could be higher or lower.
This is fresh new coin, so we can't see support levels below 3$, which made it very hard to predict.
Even if my count is wrong (not triple zigzag, but wave A for example),...
Ever since Shiden Network (SDN) came out the token had a brief moment of upwards movement, only to fall into a bearish pump and dump pattern.
At the moment the coin is down 22% from its initial release price and over 50% from ATH (7.75$) during a very strong bull market, making this coin a strong buy.
Crypto.com's Supercharger event + listing has given SDN some...
