Yesterday SONM has rejected the 461.8% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout. The support at $0.1 strong psychological level has been rejected cleanly suggesting the potential trend reversal.
At the same time RSI oscillator formed a bullish divergense confirming potential upcoming wave up. Nevertheless,...
WOW! This is what we call volatility! Main net releases in 12 days and the word from their CTO and co-founder is that they have over 50 companies that are waiting to use their network. This weekly chart is showing a major bullish reversal pattern and I am looking for this week to be a bullish continuation of the volume build. By the looks of today we are doing...
SONM Update... 4 hour buy trigger off the 50 day EMA. Stop below the low of the 4 hour candle so super tight. Not playing around with the potential head and shoulders pattern on the 1 hour chart. It's honored the 4 hour 50 day EMA for 5 weeks now 90% of the time.
Fundamentally super solid. I am expecting a surprise news release tomorrow at Consensus 2018!
Too many reasons why I think #SONM will hit these targets.
-Consensus 2018 first ever coin as a title sponsor.
-Consensus 2018 attendance being an absolute BLOWOUT with over 8500 attendees versus the 4000 they were expecting.
-MVP was a huge success and their main net launches in June.
-Launching Main net with a subchain off of Ethereum so will not be dependent...