Supercomputer for everyone. SNM/ BTC analyticsBUY: 0,00000636 - 0,00000644
SELL: 0,00001020
STOP-LOSS: 0,00000629
Support: 0,00000642
Resistance: 0,00000903
SONM (Supercomputer Organized by Network Mining) is a decentralized Ethereum-based platform whose goal is to redistribute the computing power of all network users. It allows, on the one hand, access to the necessary resources, and on the other hand - to sell unused computer time. The SONM platform creates a decentralized network without a single center - with server or data storage - a network of fog computing.
The principles of building a SONM platform are based on ensuring the stability of the network, where disabling a number of users will not lead to a system collapse.
The minimum asset price was formed on November 20 at the level of 0.00000586. Noted, that the rates growth occurs at high trade volumes, and the fall - at a low one, which indicates interest in the token.
The point of entry into the asset lies within 0.00000636 - 0.00000644 BTC. Opening positions, you should take into account that intraday volumes can be many times higher than the average. Be sure to put a stop loss at the level of 0.00000629. The support line is at the level of 0.00000642, but it's worth considering that the asset rate is not far from the minimum values, a breakdown is possible. The resistance line is 0.00000903, but it is rather weak. Therefore, the sales zone is set higher - in the range of 0.00001000 - 0.00001020.
It's hard to intraday trading because volatility is 6-9 %, but liquidity is very unstable.
The coin is more suitable for trading in the medium term than for intraday. A working fog computing platform, clear plans for further product development and an actual idea suggest that the token is also suitable for long-term investments.
Sonmbtc
SNM now in accumulation floorlong term accumulation zone / she knows how to reach for the moon / interesting cloud/fog computing project
"once in a while you get shown the light in the strangest of places if you look at it right" - Robert Hunter
SNM // GET READY FOT ITClosing around this price will create a massive bullish hammer which will be followed buy days of rising and rising.
TARGETS
(1) 20%
(2) 50%
SNM BTC LevelsGood volume on sonm, first target 1400 orange level. Closing above 1400 on the daily gives targets above as long as it continues to hold.
Sonm looks primed!!Just look at the chart. It's had two mega pumps. This one is sitting in support after a damn near full retrace. The setup is basically telling you to buy.
SONM HOT WEEKLY CHART AND BIG NEWS COMING SONM had huge dump in couple past months and now it´s showing some kind consolidation on chart.
Weekly chart looks very interesting (RSI neutral, MACD ready to cross , volume slowly increasing)
In my humble opinion this is the beginning of the next cycle and we can see rise for this coin in upcoming weeks.
BIG NEWS AHEAD END OF YEAR.
23.11.2018 - First year report
30.12.2018 - New releases
30.12.2018 - Q4 releases
30.12.2018- Fog computing early adopters support program conference in Q4 2018
LATELY
Promotion / cloud fest
Bussines updates and so on..
Look for target at least 25-50% depends on your entry point
Stoploss you can place bellow possible 1D head / shoulder pattern (bellow right shoulder if its valid)
SNM ideavolume is really low at the moment but if it will breakout we can expect a pump or %10 profit from here.
stop loss area is under 840
DYOR
SONM vs Bitcoin Down To SupportRecently SONM has jump up by nearly 50% after it bounced off the 8/1 Gann Fan trendline. SONM/BTC broke above the 200 Moving Average and reached 3000 satoshis high. It seems that this was a strong psychological resistance level, which SONM failed to overcome.
Today price broke below the 200 Moving Average, suggesting yet another wave down. SONM is very likely to re-test the Gann Fan trendline, while correcting down to 78.6% Fibonacci retracement level at 2000 satoshis level.
This is a strong psychological support as well, and if SONM/BTC will reject it, the stronger growth could be expected. But, if broken, downtrend continuation could take place sending price back down to 1k satoshis area.
SONM 4/06hello guys
We are a little bit below the golden ratio still okay for now and it seems we've found support at 2500. 4h RSI is finding support and perhaps this will start the 3rd wave up.
IMO we can start to scale in a position and target 2780 range what will give us a 8% gainz and set a stop below 2500.
Thats all noting more to say
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good luck and thank you for tuning in !!
DISCLAIMER:
The Legal stuff - I'm not financial adviser.
SNM Buy Opportunity for NEW All Time HighChart speaks for itself, positive volume coming its way.
Needs more volume to push to new highs though. Lets see if it can catch it. I am very long on SONM as this project fundamentals are very solid.
Happy Trading!
$SONM Update $SONM is the primary sponsor of Consensus next week. They'll be seen by a lot of people, underrated and under advertised project to this point. As much as people want to say Consensus is meaningless, SONM landed in NYC on the 7th and met with VC firms all week. They have 7,000 people going to Consensus. Minuscule number. But 6,500 of those people are people who matter in this industry. I'm not concerned about this little sell-off at all and think we're in for another great week.
$SONM short term accumulation trade$SONM seems to be struggling after bearish regular divergence was confirmed on the CMF. It is failing to hold support inside of this bearish order block at the moment. Until short time frames improve, and $BTC has more confirmation, I will be looking toward the support below and bullish order block on the 6 hour time frame.
