forming a falling wedge with a support level at ~611sats.
Bouncing from here can take us to test again ~670sats as first target & 750sats as second target.
For now set up alerts below support level(that will invalidate the trade) & wait for confirmation signals #Status #SNT
Let’s earn some money here.
SNT has plunged significantly but it seems it is bouncing back.
The price is very low, actually at the lowest level since December 2017.
This might be a good opportunity to earn a couple of dollars.
Here are technical analysis details:
• The lowest level since Dec 2017
• Far below (15%) fair price (it is called a point of...
So here is the other interesting and much-undervalued project.
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Here are technical analysis...
Looking over at our trigger timeframe we see price has formed a lower high at 550 satoshis, and is now looking for a lower low. Stochastic RSI showing momentum is in favor of bears with no signs of reversal. A daily close above 550 and we should see a higher high form near our 1000 resistance, however if rejected at...
Take a look at Status (SNTBTC), all the signs are there. This coin is ready to move soon, a new wave up is approaching.
Here is the daily chart:
- There is good divergence on the MACD.
- The RSI bounced recently from oversold and is now trending up.
- There isn't any significant volume. Needs more time.
- Keeping on...
A good Bullish Divergence on MACD-H
A divergence with Elder Force Index, so this is a confirmation.
False breakout developing on the 1H chart, which confirms a possible upward movement because of this price is rejected.
RSI touched overbought zone
I expect it to go up to the slow EMA
Target can also be the +0.5 or +1 ATR
I will decide if I get out at target...
Looking at our highest timeframe we see price has found major support at 1000 satoshis, and is currently testing our major resistance at 1400. Stochastic RSI showing momentum is just starting to head towards the upside. A weekly close above or resistance and we should see a higher high be...
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...
Looking at out highest timeframe we see price has once again reached our major support at 1200 expecting a double bottom to form at this level. Stochastic RSI showing momentum is heading towards the downside, however remember indicates rely on price action. Let’s take a look at our other timeframes....