Status looking for a bullish fib transition within a rising wedge through the 1.618 fib line
Rising wedge is a bearish pattern but bullish momentum provides an opportunity for those looking for short term
For those looking to long there will likely be a breakdown of the wedge
Step #1: Identify two bottoms where the second bottom is at least 5% higher than the first bottom
The first step is to identify the correct price structure of the ugly double bottom pattern. Basically, we need two bottoms where the second bottom is higher than the first one. In other words, the price needs to make a higher low.
The second bottom also needs to be...
Let's take a look at Status (SNT). The blockchain-based open source messaging platform added 38.9 percent to its value during the previous week and is almost 90 percent up for the last two weeks.
Just like with stocks, communication-oriented tokens are on the rise. The recent surge in SNT is due to the increasing demand for telecommunication tools and...
Bullish divergence on Stochastic RSI versus price action together with a band to band transition on the Bollinger band, this is a good signal for a change in trend. The weekly chart is also interesting, Stochastic RSI on the floor, only one other direction to go! We also have an engulfing candle.
Status was one of the most funded ICOs ever, and is also one of the most active projects on github. Price was bouncing between $0.02 and $0.023 for a long time.
Now starting to climb with the rest of the market, possibly due to controlled institutional or whale investment helping to prop prices up. I am starting to suspect that we won't see further capitulation...