SNT: looking at past patterns to set up a nice trade opportunity

BITFINEX:SNTBTC   Status / Bitcoin
I personally see the project of Status Network Token as a prospective winner for this 2018 year given the quality of their team and their idea. The situation as of now with SNT is clearly bearish , but looking at how the price has acted in the past months, we can still keep an eye on this coin and set up a trade that for the mid term can be very profitable.

The analysis shows that SNT is moving in a descending channel , with the momentum still in the negative range. Looking back at the period before the last bullish wave, we can see some patterns that, if repeated, can give us some hints at where to place our entry and exit points.

Before the last bullish wave, we also had a longer than normal negative momentum period, but the ADX was slowly increasing and crossing to positive range before the price increased. At that moment SNT was also moving in a descending channel and below the EMA (50)

Option A: buy if we hit the bottom around 0.00001800-1900
Option B: buy if the descending channel is broken and if the price breaks the EMA (50) mark around 0.00002350

For both options, a good mid-term target for taking profits would be around 0.00003050.

Good luck!
ZH 简体中文
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 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出