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SNT Consolidating before a run. At least 40% upside

Alış
BINANCE:SNTBTC   Status / Bitcoin
I have been watching SNTBTC for the past 3 days. Previously, it looked as though the correction from the 4600 area was the final correction before the fifth wave in a simple impulse wave. It broke that trend when it began moving sideways. This dip to the 2800 area is a perfect buy signal before volume picks back up. Additionally the chart is teetering along that 4 hour cloud resistance. If it breaks below the cloud on the 4 hour chart or the 50% fibb level, I will set my stop loss around 2500. If not I expect one of two things; a new Elliot Wave breakout, or the formation of a head and shoulders. Either way my first price target is 4000, and my second is 4500. Unless we see some crazy volume and in that case I will extend my targets accordingly.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.