HilliardBuffshire

SNT: 'Killing me softly' or 'Sky high'

BITFINEX:SNTBTC   SNT / Bitcoin
As you can see the chart above, this SNT             is heading to convergence point and possible outcomes could be extremely different each other. To be honest, I don't want to gamble with this coin. What I mean by that is that I would like to see if it breaks the resistance line or not and then when it push down that's where I'll jump in.

Trading Idea: If it doesn't break resistance line and it even falls below those bottom of triangle line? then don't even look at this coin..

If it breaks above and then pull back a little bit? then buy it! better chance of sky rocket to previous high...




P.S It's always good to have a broad perspective when analyzing this. I personally think that BTC             , which means pretty much entire coin market, is going to tumble a little bit more.. possibly.. which may affect this chart as well..Just like LTC previously.. LTC has pretty much similar chart pattern in terms of convergence and by the end of this point as BTC             fell including cryptocurrency market, LTC had no choice but to tumble together... It's just my personal opinion.
... will see what's going to happen soon.. Good Luck :)
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