As young as it is, SRMBTC is following a Pitchfork on it's hourly trade pattern. It has been experiencing a good support from FiboRet-0.236.
>>Will be updated<<
Cryptocurrency is very volatile market so always have an strategy and risk management plan.
Happy Trading. --- JUST FOR EDUCATIONAL PURPOSE
Comment
⋅
SRMBTC fluctuations are still within the fork. Checking the hourly or daily pattern there is a Bullish Wedge forming, so there is a big hope for further increase.
*The first target will be ~ 0.00019 which we can expect a heavy resistance (depends on the RSI and MF indicators)
**The next target will be 0.0003, and the one after that 0.0005.
-Will be updated-
Comment
⋅
Check my latest post on SRMBTC for the charts: SRMBTC movements still follows the PitchFrok I draw in my first analysis on this coin. Checking it's hourly fluctuations we can see a bullish wedge (blue lines) and a triangle (upper blue line and the orange support line).
The wedge pattern is more clear in SRMUSD pattern
The recent movement can be considerate a move to start the bull, but I'd be careful as it may be continuum of the wedge or triangle patterns (the upper light -green and -purple lines)! Moreover,t since Aug. 16th the fluctuations has also been within a Parallel Channel