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.
SNTBTC trade ideas
SNT - currently in squeeze, SHORT showing support for uptrend.Hey guys,
SNT has been consolidating and is starting to enter the squeeze.
On the 4H chart you can see that MACD is starting to create a minor curve up, also RSI is currently in the mid 50% with the tip currently pointing upward.
This might be a possible 20% profit chance as the volume history for the 3725+ might act as a magnet for buyers.
SNTBTC short term trade opportunityA flag pattern occured in SNT with a target of 2961 in short time period.
It must stay above 2024 for this target. Some resistance and support points are marked on the graph.
MAde this upward movement with a good volume.
