SNT - Still Not Tanking coin
While many other coins have been falling strongly against BTC in the past week or so, SNTBTC has stayed relatively stable.
Currently, volume is low, and it is forming a falling wedge (orange lines). We could soon see a breakout. If this happens, it will test 3000 sats resistance, then 3500.
A breakout from the sideways parallel channel happens if it breaks 3500 convincingly, and should take us to new highs.
2 ways to play this: wait for a falling wedge breakout before buying, or near the bottom line of the wedge. The first option is recommended. 1st target: 3500 sats.
Currently, volume is low, and it is forming a falling wedge (orange lines). We could soon see a breakout. If this happens, it will test 3000 sats resistance, then 3500.
A breakout from the sideways parallel channel happens if it breaks 3500 convincingly, and should take us to new highs.
2 ways to play this: wait for a falling wedge breakout before buying, or near the bottom line of the wedge. The first option is recommended. 1st target: 3500 sats.
Komentarz:
Desperately trying to break free...
Desperately trying to break free...
Komentarz:
It took longer than expected, but it finally broke out with a strong bounce off the bottom of the wedge!
It took longer than expected, but it finally broke out with a strong bounce off the bottom of the wedge!
Testing the wedge resistance - but don't pull the trigger yet. It's better to wait for a convincing breakout (or try to get it cheaper)