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SNT

SNT - Still Not Tanking coinWhile many other coins have been falling strongly against BTC in the past week or so, SNTBTC has stayed relatively stable. Currently, volume is low, and it is forming a falling wedge (orange lines). We could soon see a breakout. If this happens, it will test 3000 sats resistance, then 3500. A breakout from the sideways parallel channel happens if it breaks 3500 convincingly, and should take us to new highs. 2 ways to play this: wait for a falling wedge breakout before buying, or near the bottom line of the wedge. The first option is recommended. 1st target: 3500 sats.
by dvdgege5
Wedges on SNT, sign of a bullish movement (Status Network Token)A BULLISH Continuation Wedge consists of two converging trend lines that we can see on the graph. This is because prices edge steadily lower in a converging pattern i.e. there are lower highs and lower lows. We can also see that the volume diminish as the pattern forms and I can see a rise of prise in the upcoming month. Great buy opportunity :) Target in mind : 2858, 3091, 3255, 3418, 3621, 3948 Target 1 : 2858 Target 2 : 3091 Target 3: 3255 Will update other targets in a regular basis. Good luck and trade safe!
by UnknownUnicorn1484312
2
Status Network Token (SNT) Chart Analysis (Trending Downward)Status Network Token (SNT) Analysis - This coin is trending downward. The price reached a top on the perfect 9 count on the TD Sequential indicator. - You can see a triangle formation on the chart, which means that consolidation is happening and a breakout will happen soon after but, if you look at the indicators they are all overloaded or trending down. - This daily chart is telling me that SNT might need a break. If the support line is broken downward, it will might go down hard. - If it breaks up, it has to challenge the recent high and these are very hard to break looking at the indicators on the chart. - I would sell my SNT in peace and be looking for a new entry point after the support levels are re-tested. This is if you want to continue trading this coin. - If you are thinking long term in the range of many months then holding is really easy, as price swings are not important in a long hold. Notes: - Magenta line show resistance levels. - Black lines show support. Hope you enjoyed this analysis. These are short term signals. This analysis won't be valid a few days or weeks from now, as the charts will always be changing. Since this is mainly a daily chart signals analysis, the signals are updated every day when a new candle is formed. Please keep this in mind.
by AlanSantana
34
Status primed for continuationAfter the initial up move from status, followed by some healthy consolidation, status is looking primed. Bollinger bands squeezing, indicating a move in either direction is due. Currently sitting on cloud support, as well as the 50% fib retracement of the entire move. Adding to that, the stochastic RSI is at the bottom for most of the mid to high timeframes, indicating there is room for a strong up move. And of course a promising project.
Long
by zebrapadskitta
SNT Consolidating before a run. At least 40% upsideI have been watching SNTBTC for the past 3 days. Previously, it looked as though the correction from the 4600 area was the final correction before the fifth wave in a simple impulse wave. It broke that trend when it began moving sideways. This dip to the 2800 area is a perfect buy signal before volume picks back up. Additionally the chart is teetering along that 4 hour cloud resistance. If it breaks below the cloud on the 4 hour chart or the 50% fibb level, I will set my stop loss around 2500. If not I expect one of two things; a new Elliot Wave breakout, or the formation of a head and shoulders. Either way my first price target is 4000, and my second is 4500. Unless we see some crazy volume and in that case I will extend my targets accordingly.
Long
by I_I_I_I_I_I_I_I_I_I_I_I_I_I_I
1
SNT/USD Triangle breakout - retest ATHCurrently SNT is pretty undervalued for that it got a working Alpha and getting closer and closer to the open Beta. It got a lot of potential with the first mobile application/messenger which enables the connection between ethereum blockchain and real world usage with DApp support. Currently the SNT's Marketcap is at 1.566 Mrd. (@0.451) and gonna push higher pretty soon. SNT currently in consolidation after ATH and the getting very close to breaking out and sitting on the 0.5 Fib-Level and on the 50 EMA - The factor that the open Beta of Status gonna get released in March gonna benefit the price and I suspect following first targets: T1: 0.739$ (ATH - Marketcap: ~2.5 Mrd) T2: 0.964$ (Marketcap: ~3.35 Mrd)
SLong
by lschaertel
1