Status Network Token (SNT) Chart Analysis (Trending Downward)

14. Jan. 2018

Status Network Token (SNT) Analysis

- 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.

20. Jan. 2018

Anmerkung

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):

25. Jan. 2018

Trade wurde manuell geschlossen

I won't be updating this post in the future.
Thanks for your continued support.

27. Okt. 2018

Anmerkung

SNTBTC: