SONM is primed for a run
DISCLAIMER: I AM NOT A FINANCIAL ANALYST. I AM JUST SOME PERSON WHO LIKES TO NOTICE PATTERNS AND LEARN HOW TO MAKE MORE MONEY WITH MY MONEY. PLEASE DO NOT TAKE THIS IDEA AS TRADING ADVICE AND MAKE SURE YOU INVEST RESPONSIBLY.
///
SONM has dropped into and popped up out of the Weekly Demand zone (bear trap?) and is now set to either oscillate between the top of a Daily Demand zone (0.594 - 0.695) and the next Daily Supply zone (0.670 - 0.732).
If price moves to the upside, then it has a few more Daily zones to break through, but it will ultimately find another turning point at the next Weekly Supply zone (2.98 - 3.27).
In the next 4 weeks, I anticipate the bullish trend to continue and will be looking for Price to meet some resistance at {0.748, 0.896, 0.961, 1.26, 1.41} as it crosses into new hourly zones and older daily S/D zones established pre-COVID.
The Golden Cross has appeared in the 1-hr, 2-hr, and 30-min, timeframes and is being hinted at in the Daily.
Best,
Signal526
///
SONM has dropped into and popped up out of the Weekly Demand zone (bear trap?) and is now set to either oscillate between the top of a Daily Demand zone (0.594 - 0.695) and the next Daily Supply zone (0.670 - 0.732).
If price moves to the upside, then it has a few more Daily zones to break through, but it will ultimately find another turning point at the next Weekly Supply zone (2.98 - 3.27).
In the next 4 weeks, I anticipate the bullish trend to continue and will be looking for Price to meet some resistance at {0.748, 0.896, 0.961, 1.26, 1.41} as it crosses into new hourly zones and older daily S/D zones established pre-COVID.
The Golden Cross has appeared in the 1-hr, 2-hr, and 30-min, timeframes and is being hinted at in the Daily.
Best,
Signal526
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.