SNT/BTC //// STILL HAS A SECOND LEG TO COME ////
Lets take a look at Status Network Token.
SNT has been rallying now for a couple of days and its not over. We don't see much movement and because of this many traders have been selling SNT (bad move). I won't be selling SNT until we see the second leg up, we will get a second leg.
You will see if we were going to see a big price drop the RSI would be trading a lot lower then its current position.
We have the 200 ema sitting just below the current price on the hourly chart which is another strong indication of a bull movement and to second that this will provide good support.
We are currently in consolidation and expect to see a break the longer a coin consolidates means the bigger the break we will see.
This is a good time to open a position or if holding SNT I would suggest to stay around for the second leg.
SNT has been rallying now for a couple of days and its not over. We don't see much movement and because of this many traders have been selling SNT (bad move). I won't be selling SNT until we see the second leg up, we will get a second leg.
You will see if we were going to see a big price drop the RSI would be trading a lot lower then its current position.
We have the 200 ema sitting just below the current price on the hourly chart which is another strong indication of a bull movement and to second that this will provide good support.
We are currently in consolidation and expect to see a break the longer a coin consolidates means the bigger the break we will see.
This is a good time to open a position or if holding SNT I would suggest to stay around for the second leg.
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Target 1 is reached next tart top of fib at .00001798
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