Status Network Token (SNT) - Bottomed out + Confirmed BreakoutStatus Network Token (SNT), one of my first very strong public trades, shared on Trading View around the 15th December, has reached bottom and it is breaking out again today. Let's take a quick look at this coin for a quick and profitable trade.
Status Network Token (SNT) Trade Analysis by Alan Masters
*** CHARTS, SIGNALS & INDICATORS
Before we get started, let's take a nice quick look at the chart. I will show you the 4 hours chart and describe the rest below, here, for your learning and entertainment:
- The first thing that called me to track SNT was the bottoming out of the price on the charts. After that, I saw some great divergence on the MACD 4h chart as well as the RSI being oversold.
- The RSI being oversold is a very strong signal. This same signal is also available on the daily chart, which makes it even stronger.
- There is also a very strong breakout, which can be seen on the 4 hours chart and bullish sentiment on all the indicators.
- On the daily chart the indicators are trending up now with plenty of room for growth. What this means is that they are on the lower end of the chart, in the bearish zone, but they already reversed and are trending up, which allows for plenty of room for growth since they are looking and going up all the way from the bottom.
- These are just a few signals, but these are very strong signals, that's why we now move on to the trade instructions.
*** TRADE INSTRUCTIONS
Buy-in: 0.00001550 - 0.00001850
Targets:
(1) 0.00002055
(2) 0.00002204
(3) 0.00002405
(4) 0.00002965
Trade strategy: Aim for profits. A good 20% above your buy-in price is good to start securing profits. You can use the targets above as reference point, but the goal is to make 20-50% profits off this trade.
Stop loss: 0.00001299 (This is a very strong stop-loss. With the market acting stable lately, this isn't very likely to be needed).
*** MESSAGE OF THE DAY: Sun & Day
When the sky is blue, the sun is out to shine.
When the sky is gray, the sun is still working from behind.
When I see the blue sky, I get this good feeling of a higher self.
When the sky is gray, I continue being grateful and enjoy the shadow for the day.
Either you like the blue sky or you like gray, the detail is not important, what is important is what you feel.
You can give me rain, sun or fire, and I will be thankful for what it is.
So regardless of the Sun & Day, I just go out every single morning and be sure to Thank You... for Today!
Thank You Sun (My loved supporter), what a beautiful day...
Namaste.
SNTBTC
SNT buy opportunity at least 150% profit as you can see SNT went to the death area ! in my opinion it's a nice change for at least 150% profit
SNTBTC Status. Potential 60%+ profitJust look what levels did approach this coin, it's so undervalue right now and all weak hands sold it already, but bull are preparing for longrun soon, so buy right now, just because all daily indicators are signaling for breakout. Also pay attention to buy walls and you will understand why it will bounce hard soon.
SNT BTC bullishWe r reaching the resistance zone.. is about to start rising. 25% profit
Buy: 1680 - 1600
SNT: looking at past patterns to set up a nice trade opportunityI 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!
80% Upside potential on SNT ( buy) As you can see here, during the latest bitcoin crash the lowest Fib line acted as a great support level for SNT. We have now seen a small spike with not much volume bringin up to the (0.236 Fib line 0.00002379) As we have now broke into this level, what we are looking for is for this area to turn into a new support level. The idea here is to buy if we close over 0.236 fib line, while implementing a tight stop loss at this level, giving us little to no risk with huge rewards. Short term target is 15% profit reaching the next Fib line, which has proven to have held some resistance, and if we break that we continue to soar, Maximum long term potental of 84% gain. Key things to look for here is an increase in Volume. The RSI indicator has started to curve up from being very over sold which is a Bullish sign. A great trade or investment with little to no risk from this area. Ideally we want to see if the Daily candle closes above 0.235 fib line before buying.
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!
SNTBTCSorry guys, didn't have time to update my SNTBTC analysis until now. Also, I wasn't sure when SNTBTC was going to come back after the BTCUSD correction.
Anyway here we go: SNTBTC isforming a C&H on the 1H and 4H charts and thus this scenario looks very great.
Even though its a bit late ; I think its still worth it to get in the buy zone and ride this cup to the top.
As always, if you're not planning to hold, set your SL as we pass each fib level.
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.
Status (SNT) flying to the moon !?Status ( BITFINEX:SNTUSD ) is an open-source messaging platform and it looks like it is doing pretty good especially December was a nice month for it.
It had consolidation period where it dropped to 0.30 and now it looks like it is preparing for another run up.
Entry would be 0.47-0.50
Targets would be $0.72 - $1.25
SNTUSD (3h): Possible Retrace 0.5 > 0.75 > 1 USDThe platform is a light client for Ethereum, which acts as a messenger, browser and gateway.
The current TA could look good.
Targets
0.5 > 0.75 > 1 USD
Let's see what happens. Happy trading. :-)