SNOGY

SNOGY

Prior support serving as resistance. STOP-LOSS position close is marked above the SLKT at 28928-2972. More likely to revert to deeper support-line around 25.5k. After opening the short position, stay tuned for volume bars as the price approaches 26400-26500 range. Prepare to close the short position if EVRB is observed (a lot of volume with declining price...

SNOGY Updated 

Given the general direction has been up. Macro indicators look favorable for crypto. Corona panic will wash in a 6-8 mo, we will adapt. Even if we stayed home more and suffered human and material losses human resilience will kick in. "Fear on the street is time to be greedy" is a crass oversimplification. I'd rather call it "offering a non-anxious presence to the...

SNOGY

Previous attemtp to break out was not sustained so lapsed back into the triangle pretty quickly and now it seems we may be at the bottom edge of the triangle, still has likelihood of staying within and trending downwards.

SNOGY Updated 

Previously the two trendlines I published lacked the fibonacci retracement level. Thought to add that 5k point as potential buying area if short positions opened past below the 7300 point, though unlikely.

SNOGY Updated 

consolidating in the 3600-2500 seems likely Pattern is support turns resistance and bottoms, support turns resistance and bottoms, support turns resistance and bottoms out again. One starts within the other in a fractal manner

SNOGY

when RSI approaches mid range from below it will be a buy signal. Keep in mind it has to come in after a formal 2. For the formation of a "2" the RSI needs to break below the highlighted range and then recover fully to the middle range approaching middle of the zone from below. Look like shorting until clear upswing is sensible based on market bear sentiment on...

SNOGY

After cup and handle, came the consolidation stage concentrating inside this triangle. BTC denominated we can expect minor movements inside the triangle but the direction it is broken will indicate the trend to ensure in the coming weeks.

SNOGY

For those looking to stay in crypt and not go into USD, the better place will be areas where value could be stored. This will likely mean the "cockroach" projects that have been through thick and thin, rather than the unicorns that can go out in a bang. Chances are this resistance will be broken and further up movement will ensue.

SNOGY Updated 

Likely up from here, however, if it is not sustained, other than two green lines (2950, and 1300) there are no other apparent barriers to pause the drop until it reaches the trend below.

SNOGY

We can expect, with high likelihood that the horizontal support still has capacity to deflect downward movements. Strongest point of reversal (beginning a move up) is likely to be where blue dashed line meets the horizontal support.

SNOGY

Major support line indicated in blue has been basis of many upturns. Recovery to this line indicates Mid Aug for bottom at around 3k. Turn up have been abrupt from this line. Indicating a good long term buy. Purple line indicates good sell point for the future after buy in at the 2950-3350 range. Shorter term fibonacci analysis could be useful in establishing sell...

SNOGY

Short term bounce indicated. Also similar level to the 7400 range around which we can expect the turn up. Without quick recovery we may be looking at lower lows

SNOGY

Likely scenario is lower chart. When fear reigns, its time to buy

SNOGY

Look for the resistance in the above line and where this is broken upwards will mark the beginning of upward motion

SNOGY

560=480 region possible before heading up. Wait for sustained break over the upside of pennant prior to going long

SNOGY Updated 

Fast drop, suggestive of (if only short-term) reversal approaching. Fibonacci inidcates 850, trendline of lowest points 870s. These points worthwhile positions to open short term long positions for a target of 940s

SNOGY

Purple area marks the decision making region. Within the large log Fibonacci we are in the lower half already, making 3720 as a more likely turning point to stay closer to the center, however the oscillator indicator still demonstrates more sells than buys and it will likely take time for the appetite to swing the other direction so lower points may be possible....

SNOGY

Purple box indicated critical decision point for the market. Based on the Demand Oscilation 3250 seems likely until the market begins swinging the other direction. However, within the log fibonacci channel we are lower than the halfway point indicating 3720 could also be the turning point instead.