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Status (SNT): Possible 140% return!

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Hi everyone,

Price has broken out and retested previous resistance (Green zone). We now have a good breakout-setup, where the market can reach the D-leg of a (possible) AB=CD pattern. Most likely, there will be some profit taking at those levels, before the market moves to the 1.618-extension of the AB=CD-structure. We might see another drop to the Green-zone, before breaking out!

Buy the breakout of the descending trendline.

- Trade with care

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Might be going for a breakout now: ekran görüntüsü
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ekran görüntüsü

Wait for a H1-close above the trendline.
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Breakout: ekran görüntüsü
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SNT/BTC pair is making a triangle on a smaller timeframe:

ekran görüntüsü
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ekran görüntüsü

Price has been being rejected from the current price levels for 7 days in a row. I think its a matter of time before it breaks to the upside.
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Look like we're off: ekran görüntüsü
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ekran görüntüsü

Target 1 reached, and profit taking as expected. Expecting another downmove, before another impulse up.
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There we go: ekran görüntüsü
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To the moon.
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Retested the highs from my previous comment and broke out of that descending trendline: good time to buy in if you want to

ekran görüntüsü

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.