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Weekly forecast Santiment / BIT technical chart
Symbol SANBIT

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (12.09665 to 11.14770). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 17.39, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 17.39 and expect to reach short-term targets.

  • Beginning of entry zone (12.09665)
    • Support on 07/20/2020
    • Support on 08/10/2020
    • Support on 08/11/2020
    • Support on 09/01/2020
    • Support on 09/04/2020
    • Support on 09/05/2020
    • Support on 09/07/2020
    • Support on 09/23/2020
    • Support on 09/27/2020
    • Support on 09/28/2020
    • Support on 09/29/2020
    • Support on 10/02/2020
    • Support on 10/03/2020
    • Support on 10/04/2020
    • Support on 10/05/2020
  • Ending of entry zone (11.14770)
    • Support on 09/01/2020
    • Support on 09/04/2020
    • Support on 09/05/2020
DateOctober 6, 2020 - 19:07
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 11.10965, beginning of uptrend is expected.
  • We make sure when the resistance at 17.39000 breaks.
  • If the support at 11.10965 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 12.06500 on 08/11/2020, so more gains maximum to Major Resistance (17.39000) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 39.

Take Profits:

  1. 18.93500
  2. 22.68000
  3. 27.56000
  4. 31.45000
  5. 34.56000
  6. 50.81185
  7. 82.50000
  8. 132.77110
  9. 207.42195
  10. 267.59320
  11. 327.99675
Click on the level to view price action history.
Symbol Released Current Forecast
Santiment / BIT (SANBIT) Sun, 29 Aug 2021
Santiment / BIT (SANBIT) Sat, 21 Aug 2021
Santiment / BIT (SANBIT) Mon, 16 Aug 2021
Santiment / BIT (SANBIT) Sat, 7 Aug 2021
Santiment / BIT (SANBIT) Sat, 31 Jul 2021
History
Daily-Trading-Opportunities on SANBIT.