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SONM broke a downtrend started in Nov'18 (Pink line) and also broke a major resistance that formed in February (Yellow line).
The break was with a large candle accompanied by a large volume.
Ichimoku is totally bullish, price is above the green cloud that will also serves as support, chikou-span above the current price and Tenkan crossed over to Kijun.
RSI & MACD are also very strong, both have rejected the fall to the negative side confirming that the bulls are currently commanding the movements.
The price has already crossed up the MA200, made the pullback and now threatens to start a moving up. The 50MA just crossed over to 200MA.
OBV (Not shown in the chart) also points the strength to the bulls with an upward movement.
In the D1 chart, you can see a huge bullish divergence across the fall since November on the MACD and RSI, this also confirms that the bears' move really came to an end.
In my opinion, this is a very safe trade and SONM should start a bullish momentum the next few hours or days.
In related ideas below you can check some of my last analisys.
If you like my reviews, please follow me and leave your like.
God bless.
SONM broke a downtrend started in Nov'18 (Pink line) and also broke a major resistance that formed in February (Yellow line).
The break was with a large candle accompanied by a large volume.
Ichimoku is totally bullish, price is above the green cloud that will also serves as support, chikou-span above the current price and Tenkan crossed over to Kijun.
RSI & MACD are also very strong, both have rejected the fall to the negative side confirming that the bulls are currently commanding the movements.
The price has already crossed up the MA200, made the pullback and now threatens to start a moving up. The 50MA just crossed over to 200MA.
OBV (Not shown in the chart) also points the strength to the bulls with an upward movement.
In the D1 chart, you can see a huge bullish divergence across the fall since November on the MACD and RSI, this also confirms that the bears' move really came to an end.
In my opinion, this is a very safe trade and SONM should start a bullish momentum the next few hours or days.
In related ideas below you can check some of my last analisys.
If you like my reviews, please follow me and leave your like.
God bless.
Transaction en cours:
NEW SONM SIGNAL
#SNM #SNMBTC
Buy-Long: 595-
Target:
1st: 645
2nd: 677
3rd: 729
4th: 789
5th: 943
SL: 525
#SNM #SNMBTC
Buy-Long: 595-
Target:
1st: 645
2nd: 677
3rd: 729
4th: 789
5th: 943
SL: 525
Trade fermée: cible de profit atteinte:
target 4 reached in less than 1h
