This is not trading advice. Target $0.6
My last idea yesterday about this got blocked because I apparently broke the housing rules. So I post this again.
My last idea yesterday about this got blocked because I apparently broke the housing rules. So I post this again.
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If you examine the volume you understand that there was a big volume spike yesterday. And if you look back in time - every single time there was a volume spike was happening exactly the same time as big volatility. This time the volatility didn't happen (at exactly the same time). I've been tracking SNT for a while now and was getting ready to take a ride on it. After seeing this mysterious volume spike without any price action, I simple had to get in. Today it's down but is currently supported by a trendline and after that there is a ring that should catch the fall around $0.19 - if it would fall.
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The ring support is actually on $0.197
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Long term target $3.0 maybe. But I probably wont stay that long.
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In this chart I try to illustrate how it was some noticeable price movement every time a sudden volume was traded - except for this last spike...
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"On-balance volume (OBV) is a momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville developed the OBV metric in the 1960s. He believed that, when volume increases sharply without a significant change in the stock's price, the price will eventually jump upward, and vice versa. "
www.investopedia.com.../onbalancevolume.asp
www.investopedia.com.../onbalancevolume.asp
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It hit the ring:
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If the price goes over $0.225 it should take off...
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It's like it made some kind of handshake with the Fibonacci when it touched the outmost ring. Let's see how this day evolves...
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Big volume spikes happening right now. If you believe in a bull market generally for cryptos - then you should question yourself why you're not buying SNT. Not trading advice.
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Ok, here's some more targets (also marked in chart):
TARGET 1: $0.6
TARGET 2: $1.6
TARGET 1: $0.6
TARGET 2: $1.6
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TARGET 3: $3
TARGET 4: $5
TARGET 4: $5
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Update:
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Guesss it's a buying opportunity. Hitting another outmost Fobonacci ring.
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These moves:
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I really hop it's not because of my posts this moves occur. I can really see how people loose money of my input lately.
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First up it need to break Resistance (A), whilst support (A) still holds. Secondly it needs to break Resistance (B), whilst support (A) still holds. If Resistance (B) is broken, then the mad targets like for example $3 is possible. If Support (A) doesn't hold. SNT looks very very bad and could become decimated severely. It's now or never kind of... The choice is yours!
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Zoomed out view. If you own this you could get a hard time sleeping. Either because you're excited of the price going up - or because of you seeing your hard earned money vanish into nothingness...
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I'm still 100% in this... I have no problem sleeping - probably because this is just a game to me. Found some new support, but I don't trust it completely, so there's no point to post a chart of that yet.
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By 100% I don't mean all of my portfolio, only that I didn't sell any of them.
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Another perspective:
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Modified that smallest Fibonacci. It now fits pretty well with the latest pricemovements and for historical price action also.
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I now realize that the Fibonacci circles (when placed perfectly) have perfect symmetry in relation to eachother, i.e. rings from different sets happen to touch eachother, both being tangential to eachother and having some wierd perfect size ratio when compared to eachother. And also rings from different sets crossing at the same exact spot. There's not only convering trendlines - but also convering circle sets kind of if that makes any sense...
Sorry for my spelling - it's literally from another universe. I don't like changing just because the world is.
Sorry for my spelling - it's literally from another universe. I don't like changing just because the world is.
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How can I make this into software... The method evolves faster than the methodology can be derived into code. Maybe my brain will have to live in a glass bowl in the future with alot of tubes and wires, with people desperately working to stop the degeneration of the organic tissue... Just a thought.
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Look at the evolving volume...
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"Buy when it's blood in the street even if the blood is your own"
"Buy when it's blood in the street even if the blood is your own"
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Breaking outmost Fib. now in a good way.
Breaking outmost Fib. now in a good way.
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Removed some of the drawings to get the bigger picture. Breaking 0.17$ it should totally explode upwards pulling the attention of all investors in crypto.
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Breaking 0.17 and I think It could go up hundreds of percents many days in a row.
We're talking fast action.
We're talking fast action.
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Okay this is a very serious target....
1.5 $
1.5 $
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2:d touch on ring.
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