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SNM

There is a possibility for the beginning of an uptrend in SNMETHTechnical analysis: . SONM/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trade Setup: We opened 8 BUY trade(s) @ 0.00023921 based on ' Hammer ' entry method at 09.10.2018. Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.00021500 to 0.00018600). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00021500) Ending of entry zone (0.00018600) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0002584 TP2= @ 0.0003023 TP3= @ 0.0003361 TP4= @ 0.0003803 TP5= @ 0.0004304 TP6= @ 0.0005391 TP7= @ 0.0007097 TP8= Free
SLong
by ForecastCity
There is a possibility for the beginning of an uptrend in SNMETHTechnical analysis: . SONM/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trade Setup: We opened 8 BUY trade(s) @ 0.00023921 based on ' Hammer ' entry method at 09.10.2018. Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.00021500 to 0.00018600). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00021500) Ending of entry zone (0.00018600) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0002584 TP2= @ 0.0003023 TP3= @ 0.0003361 TP4= @ 0.0003803 TP5= @ 0.0004304 TP6= @ 0.0005391 TP7= @ 0.0007097 TP8= Free
SLong
by ForecastCity
A trading opportunity to buy in SNMETHTechnical analysis: . SONM/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 48. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00020480 to 0.00017635). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00020480) Ending of entry zone (0.00017635) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0002319 TP2= @ 0.0002584 TP3= @ 0.0003023 TP4= @ 0.0003361 TP5= @ 0.0003803 TP6= @ 0.0004304 TP7= @ 0.0005391 TP8= @ 0.0007097 TP9= Free
SLong
by ForecastCity
A trading opportunity to buy in SNMETHTechnical analysis: . SONM/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 48. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00020480 to 0.00017635). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00020480) Ending of entry zone (0.00017635) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0002319 TP2= @ 0.0002584 TP3= @ 0.0003023 TP4= @ 0.0003361 TP5= @ 0.0003803 TP6= @ 0.0004304 TP7= @ 0.0005391 TP8= @ 0.0007097 TP9= Free
SLong
by ForecastCity
SNM - Falling Wedge Reversal Pattern Points To Big Gains Ahead..On today's BINANCE:SNMBTC chart, I want to show you one of my favorite trade set-ups. This is called a Falling Wedge Trade. This trade is very easy because you buy after you break out from the wedge and hold with a wide stop loss to allow for the volatility. Another entry point is the Upper Resistance Line retest. Typically when we break out from the wedge, there is usually a retest of the wedge resistance. On this chart, we may see a retest of the .00000770 level for another possible entry. The Falling Wedge is typically a bullish pattern that starts wide at the top and gets thinner as price gets into a consolidated tighter range. It forms a wedge that slopes down and comes to what is known as a terminal end point. Upper Resistance Line: Connect the reaction highs together with a diagonal trend line. (You want at least 2-3 highs to make a valid wedge.) Lower Resistance Line: Connect the reaction lows in a diagonal trend line. (You want at least 2-3 lows to touch along the line.) Confirmation of a bullish move is a break upwards through the Upper Resistance Line as seen on this chart of BINANCE:SNMBTC . WHAT ELSE TO LOOK FOR: To catch this pattern early, look for other indicators like (RSI Divergence, Swing low failures, Tom Demark Sequential buy set-ups, increased volume, MacD cross overs, Moving Average Cross Overs, etc. to give you an idea it's going to break out of the wedge. In this case, we had a historically strong support coinciding with a RSI bullish divergence and and RSI swing low failure for strong confirmation of a reversal pattern forming. Also make sure to look at fundamentals: We have perfect timing with the SONM Minimum Viable Product release coming soon as well, which could be a great catalyst to get us moving higher and bring in more traders. I'm expecting at least a 60% move out of this trade over the next 7-10 days with a much bigger move over the next couple of months. Thanks for reading and I hope you learned something. If this helped you make money or learn something, please click the like button as that encourages me to make more. Leave a comment below with your thoughts and I'll try and answer them all. Thanks! NOTE: This was a Signal Profits trade given with an entry at 0.00000800 entry and we are already up 10% on this trade, but it has plenty of more room to go.
SLong
by jacobcanfield
5
SONM Trading At Psychological SupportYesterday SONM has rejected the 461.8% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout. The support at $0.1 strong psychological level has been rejected cleanly suggesting the potential trend reversal. At the same time RSI oscillator formed a bullish divergense confirming potential upcoming wave up. Nevertheless, these facts might not be enough or the trend reversal and price might continue ranging near $0.1. The next expected signal of an uptrend could be the break above $0.145 resistance, where previously SNM/USD has rejected the downtrend trendline as well as 50 Moving Average.  On the other hand if Sonm will go below $0.09, downtrend is likely to continue, at least towards the next strong support area at $0.06
S
by CryptoPAMM
My $1k to $100k Challenge - Day 24 Trade #36 - SNMHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins. I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile. After 23 days and 34 completed trades: Wins: 15 Loss: 19 Balance: 0.1593 B USD: $ 1114 *Some trades may be pending and not yet included in my stats There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow. CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge. If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart. Alright, here we go with Day 24 trade #36 I invested 0.078 B into SNM. I bought 5864 @ 1330 satoshi Sell target is: 1463 for 10.02% profit Suggested Stop loss: 1263 (-5%) SNM just had a downtrend breakout on the daily chart. The two previous breaksouts had price spikes of 223% and 33%. In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all. I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey. Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
SLong
by redking75
3