SNT / USD has had very interesting price action.
The blue number (2) at $0.2210 is slightly below 79% Fibonacci retracement which is already a significant correction.
So wave 2 might be over. This is scenario #1 where we see price prices going up from here. This scenario is confirmed by the positive divergence on the RSI.
However, we see a falling flag with an a, b, c, d and potential e formation. With this scenario SNT / USD may go down to $0.13 which is also the horizontal line and a strong support.
STATUS is to be followed closely if you have a position.
Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.
