SRM / USDT On his way to Price Discovery ... Technical Analysis
As we saw on our previous analysis, SRM / USDT is another amazing DEFI project that is on the verge of something huge.
Now we successfully closed the week above the neckline and are heading to the first target... I believe we will see a very strong expansion phase, specially with the bullishness of the weekly closure that we had !
- Broke out of it's accumulation phase ( W pattern) with strong volume
- Closed the week above the neckline, retested it and bounced on it, which confirm that the bulls are in control
- There is not strong resistances till price discovery
- A lot of hype on DEFI project
- Bitcoin is ranging, so it let space for altcoins to express themselves
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio/
Now we successfully closed the week above the neckline and are heading to the first target... I believe we will see a very strong expansion phase, specially with the bullishness of the weekly closure that we had !
- Broke out of it's accumulation phase ( W pattern) with strong volume
- Closed the week above the neckline, retested it and bounced on it, which confirm that the bulls are in control
- There is not strong resistances till price discovery
- A lot of hype on DEFI project
- Bitcoin is ranging, so it let space for altcoins to express themselves
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio/