#SATS COULDN'T TOUCH OUR STOP LOSS AND WENT WITH A 15.64% INCREASE
If you're looking for an in-depth analysis for SATS, then, you're in the right place.
Here's why.
When you zoom out SATS, you can see that it has been moving in range since April of this year with some depths at 0.00022-0.00011. Taking the ranging market structure and as well as the depths created by this token. We can safely assume that its preparing for a major move. This ranging market just shows the possibility of an accumulation happening taking a rally into account. With this in mind, we have weighed in the 3 possible scenarios that could play out. Before that, since the ranging market structure happened, we have already secured 15.64% increase from its recent swing. Hence, once any of these market scenarios happen, we will be prepared to continue our benefit-hunting with this token.
Here are the scenarios.
1st Scenario: SATS could potentially continue to play out a ranging market structure with the same price range from 0.00022-0.00038. This scenario gives us a 30.57% probability as the likelihood to continue a ranging market structure after 5 months could only happen in 2 out of 10 cryptocurrencies, e.g. SFP & XMR.
2nd Scenario: This token is currently accumulating its strength and once the tests for its demands and as well as devouring of its selling pressure is done. We might see a possible strong rally from here on out. The likelihood of this happening have a 72.89% probability of happening since it has already undergone a strong decline and the only factor disapproving of this scenario is the fact that it still has yet to experience a strong oversold status.
3rd Scenario: The distribution phase for this token may be considered as completed. Although, its markdown is still yet to fully accomplish itself. The ongoing markdown is still showing signs of potential rejections on these key levels highlighted. Its bearish sentiment within its market structure is still showing hence the probability for it to happen is around 45.16%. The likelihood of this token to not happen is the fact that the overall market sentiment is bullish especially with tokens like BTC, ETH and SOL.
Any other scenarios could still fall under these three scenarios highlighted. Nonetheless, in the event that any of these scenarios happen, we can react to them since we've already highlighted the possibilities that's going to happen with SATS market structure.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.