$SNM (SONM) SNM/BTC (Binance) $GVT (Genesis Vision Token) GVT/BTC (Binance) $WPR (WePower) WPR/BTC (Binance) by @jetgab
$SNM (SONM)
Formed a cup and handle pattern on the 4 hour chart and its indicators are doing great, RSI is above 40 and consolidating above it but the price is going up, the MACD must bounce above the zero line and this will really be a bullish sign. On the part of the Fibonacci the base of the handle bounced at 50% level and is now going for the golden ratio level which is 61.8% (0.00003200 area) which is my first Target price, if this breaks my second target price is 0.00003600 area and if it breaks it with the indicators intact my third and max target price is the 78.6% Fibonacci level (0.00003890 area)
$GVT (Genesis Vision Token)
GVT is technically uptrend on a parallel channel and I can also see a bullish pennant pattern which is can be an indication for a breakout the indicators is also telling something great, RSI always go in the oversold area and the buyers or buying it but the price is creating a higher low on every oversold part, the MACD is uptrend and bullish and is now picking its phase. If we will follow the rule of the bullish pennant pattern the price can go up to 0.0042800 area and is a good resistance if you look to its left. Another thing about this is we have a catalyst for this GVT analysis which is a tournament announcement yesterday and maybe it will be effective today since the market is pretty bad yesterday (source: coinmarketcal.com)
$WPR (WePower)
WPR created a hidden bullish divergence on the part of RSI and MACD and now its price is picking up phase, RSI is also uptrend and showing good strength, the MACD is picking up its phase and a crossover is spotted. Another thing about WPR is we have a catalyst for it which is the Kucoin listing (source: coinmarketcal.com) my max Target price for this is the 141.4% Fibonacci level which is the 0.000022300 area.
Legal disclaimer: I am not a financial adviser nor any content in this article is a financial advice, buy and trade at your own risks. my analysis is based on my view using technical analysis and market behavior.
this post is for the steemitpowerupph community and the crypto community
Thank you for this wonderful TA mentor...
Happy earnings
thanks!
Thank you for this update.
impressive!, hope you could do more for SPP...
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the handle materializes hitting the first TP and going for the 2nd TP of SNM (SONM) very niceee!