- 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.
Bình luận
⋅
This coin is still consolidating, so far it has been holding strong but the indicators are still negative, it needs a huge push if it wants to go up strong.
This needs more time on the sidelines, here is the 4h chart:
This is the daily chart (possible support levels still in black):
Giao dịch được đóng thủ công
⋅
I won't be updating this post in the future. Thanks for your continued support.
It was not really clear it was moving down at that time, can you detail what was negative ? To be honest, I think it was quite steady and you and your followers help to make it going down
cryptonaive
⋅
@GWEF, are you delusional, the whole market took a hit.
JZRadz
⋅
@GWEF, Your concern makes sense. Snt now at 3160 i.e. only down 3.4% compared to most of the coins, between 7-20%.
@GWEF, My followers can't push it down if they don't have the coins to sell. We sold weeks ago. This is just an analysis by request.
GWEF
⋅
@alanmasters,
I think you're underestimating your influence.
I follow you like many, sometimes approving a move and other staying away .
Nevertheless I thank you for the guidances and the calm you bring to the scene. When things became complicated many must have kept calm because of you. Namaste
elke111
⋅
Alan i want to ask you something man..i see so many newbie trader including me leaving a question about approximate time for at last first target..if it possible can you add some forecast time at last for first target man..(just asking man,maybe its a senseless question but i just want to ask)
thank you again
AlanSantana
⋅
@elke111, Can't do. I can't predict when I target is going to be reached, I am also not interested in such information. What I do is to read the charts, look at the signals and translate the meaning to you.
So if the charts are saying that a coin is going up, I will let you know.
If the charts are saying a coin is going down, I will let you know.
When it happens is for the market to decide.
stanpantel
⋅
It's a pity. Should we expect another post connected to SNT and eventualy when? Thank you, Alan!