Technical 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...
Technical 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...
Technical 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...
Technical 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...
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,...
Yesterday 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,...
Recently 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...
The last bounce off support was a major deadcat bounce after the long selloff. A bounce off the support here would be a major bullish signal. SONM is still the most underrated alt in my opinion. I really believe it will be a top 25 coin someday. Where do you think $SNM goes from here? Let me know in the comments.
hello 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 Don't forget to like,...
look to reenter trade if it hits target.. .00004 - .000045
BINANCE:SNMBTC Let's see if SNM will break the resistance and go above 5k sat.
Chart 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 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...
$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.