Long
SNT, mobile browser for Ethereum apps sounds promising?
Coin of the day is Status.
Status (SNT) is mobile OS for the ETH network.
Designed as a decentralized browser and private messenger, Status allows you to connect to the Ethereum network.
Status provides you access to the Ethereum decentralized applications (dapps) through an app on your smartphone. For now available only alfa versions of Android and iOS clients.
The idea of a mobile client for the evolving market of decentralized applications sounds promising and has potential in the future. The main risk factors will be the possible problems of the Status team and the adoption of Ethereum in the world.
The development team has been working on the project since the first quarter of 2016. Soon enough, the first public alpha for iOS and Android was released. Status’s Contribution Period began June 20th, 2017.
When SNT first began listed on exchanges in July 2017, it began trading for roughly for $0.05 (0.0000086 BTC). For the next five months, SNT performed poorly as its average price stuttered in the $0.03 to $0.04 range. Starting an impressive bull run in early December 2017, SNT quickly skyrocketed all the way to an all-time high at 65 cents (0.000046 BTC). Since the new year, the price of SNT has consistently dropped as most of the cryptomarket has fluttered downward.
Technical view:
Now SNTBTC is in a deep correction to its peak at 0.000046 (2018.01.03); but since 2018.03.18 the coin started to show bottoming patterns, accompanied by rising volumes. Now the SNTBTC pair drew the uptrend bias starting from the 0.000011 price. From the upside, Status has a 0.000015 - 0.000016 resistance zone strengthened by the 50-days EMA. In case of a breakthrough of this resistance, next target will be the last of the Bearish Trend Lines, which indicates downward tendency. Hence, if the coin will cross the 50-days EMA resistance and Bearish Trend Line next, that will be a buying signal. From the downside, SNT has 0.000013 minor support, Bullish Trend Line, and 0.000011 level. As long as the price holds above these levels traders will look for the bottoming patterns; breakthrough below will send the coin further down.
Status (SNT) is mobile OS for the ETH network.
Designed as a decentralized browser and private messenger, Status allows you to connect to the Ethereum network.
Status provides you access to the Ethereum decentralized applications (dapps) through an app on your smartphone. For now available only alfa versions of Android and iOS clients.
The idea of a mobile client for the evolving market of decentralized applications sounds promising and has potential in the future. The main risk factors will be the possible problems of the Status team and the adoption of Ethereum in the world.
The development team has been working on the project since the first quarter of 2016. Soon enough, the first public alpha for iOS and Android was released. Status’s Contribution Period began June 20th, 2017.
When SNT first began listed on exchanges in July 2017, it began trading for roughly for $0.05 (0.0000086 BTC). For the next five months, SNT performed poorly as its average price stuttered in the $0.03 to $0.04 range. Starting an impressive bull run in early December 2017, SNT quickly skyrocketed all the way to an all-time high at 65 cents (0.000046 BTC). Since the new year, the price of SNT has consistently dropped as most of the cryptomarket has fluttered downward.
Technical view:
Now SNTBTC is in a deep correction to its peak at 0.000046 (2018.01.03); but since 2018.03.18 the coin started to show bottoming patterns, accompanied by rising volumes. Now the SNTBTC pair drew the uptrend bias starting from the 0.000011 price. From the upside, Status has a 0.000015 - 0.000016 resistance zone strengthened by the 50-days EMA. In case of a breakthrough of this resistance, next target will be the last of the Bearish Trend Lines, which indicates downward tendency. Hence, if the coin will cross the 50-days EMA resistance and Bearish Trend Line next, that will be a buying signal. From the downside, SNT has 0.000013 minor support, Bullish Trend Line, and 0.000011 level. As long as the price holds above these levels traders will look for the bottoming patterns; breakthrough below will send the coin further down.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.