Status (SNTBTC) Can Have A Violent Breakout!

Status (SNTBTC), the old Status Network Token, is giving me some mixed feelings... In a positive way.

We've seen many similar charts already, as most Binance altcoins reached a low on the 13/14 May, only to bounce and continue moving lower, or bounce, retrace and then boom, a very strong impulse to the upside...

Looking at the volume today for SNTBTC and the candlestick we have, this pair too might due to an impulse up.

Notes:

• For this signal to be valid, we are looking for a close above EMA10 on the daily time frame.
  
  
• There can be some consolidation before the move up.
  
  
• The last low, 281 satoshis (0.00000281 btc), is the next support. If this level breaks then the above signal becomes invalidated.
  
  
• The 250 satoshis line at the bottom of the chart can work well as a stop-loss for a long term trade/trader.
  

Thanks a lot for reading.

Namaste.

This is not financial advice. All information shared for learning and educational purposes only.

Comment:

Weekly chart:

• All time low.
  
• Volume breakout.
  
• Profits potential (PP) to all-time high (ATH).
  

Comment:

Targets:

(1) 0.00000395 -Reached 7-June (+20%)
(2) 0.00000430 -Reached 7-June (+30%)
(3) 0.00000510 -Next target