Panjang
Status Rejecting Second Support
On the 29th of May Status has found the support at 88.6% Fibonacci retracement, that is $0.087 level. The following wave up resulted in a break above two descending channels and reaching the high at $0.1.
The corrective wave down followed and SNT/USD yet again fond the support, this time at the 76.4% Fibs, that is $0.091. The strong support area has been formed between $0.087 and $0.091, and while it is holding, trend is likely to reverse to the upside.
Nearest resistance could be 61.8% Fibs retracement level, that is $0.15, which could provide a potential growth of 60% in the medium term. If that resistance is broken, an exponential growth by Status could take place.
It is important to watch the support area in general and $0.086 level in particular, as daily break and close would invalidate bullish outlook and could result in a decline towards the previous support at $0.074
The corrective wave down followed and SNT/USD yet again fond the support, this time at the 76.4% Fibs, that is $0.091. The strong support area has been formed between $0.087 and $0.091, and while it is holding, trend is likely to reverse to the upside.
Nearest resistance could be 61.8% Fibs retracement level, that is $0.15, which could provide a potential growth of 60% in the medium term. If that resistance is broken, an exponential growth by Status could take place.
It is important to watch the support area in general and $0.086 level in particular, as daily break and close would invalidate bullish outlook and could result in a decline towards the previous support at $0.074
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.