Long
SNTBTC | Apex Zone | Healthy Trend | Low Volume
Todays chart - SNTBTC – Respecting a healthy uptrend, impending the apex zone where a breakout is most probable.
Points to consider:
- Nearing its Apex
- Volume Declining
- RSI breaking 50
- 55 EMA (visual support)
SNT BTC trading into trend resistance, historically leading to impulsive breakouts.
Volume has clearly subsided, indicating an influx being imminent, this will coincide with the possible breakout.
The RSI is attempting to cross above 50, trading beyond this level will indicate increasing strength in the market.
The 55 EMA will act as a visual guide; price trading above this indicator will support the bullish bias
Overall, in my opinion, SNT needs to respect the local trend where a bullish breakout is expected validating technical targets above.
Points to consider:
- Nearing its Apex
- Volume Declining
- RSI breaking 50
- 55 EMA (visual support)
SNT BTC trading into trend resistance, historically leading to impulsive breakouts.
Volume has clearly subsided, indicating an influx being imminent, this will coincide with the possible breakout.
The RSI is attempting to cross above 50, trading beyond this level will indicate increasing strength in the market.
The 55 EMA will act as a visual guide; price trading above this indicator will support the bullish bias
Overall, in my opinion, SNT needs to respect the local trend where a bullish breakout is expected validating technical targets above.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.