SRNUSD from its all time high at 12/2017 topping a whopping $3.44+ has regained a bullish pattern after plunging over 95% from its original value since January 2018. In my opinion based on the volume and adoption, it is headed right back up as a result of their token undergoing adoption with it's new debut product this month. HTC it's competitor is also offering something similar in the way of a Blockchain phone. Lot's of volatility for shorting this too as well as long-term strategy. Although it follows grandfather Bitcoin it has more often than not had a bullish sentiment regardless of Bitcoins volatility.
They are well poised well in the market prior to Bitcoin's ETF's approval and pre bull game.
What are your thoughts?
Circulating Supply : 229M https://coinmarketcap.com/currencies/sirin-labs-token/#charts
Trade Volume : $2M
Major support .112
Resistance .125
Long : $1.50 by 3/2019 $5.00 12/2019.
P.S. This is my opinion not financial advice.
Trade closed: target reached:
So we have on Bitcoin two Flags with volume below the 1st on the 1 hr. 2 billion tied back to USD Tether.
We had a nice rally and breakout to .20 --- Stay tune , we are going to consolidate now have some correction and continue upward! Like this if my post has helped you and I hope you enjoyed the rally if you followed my projection.
We had a nice rally and breakout to .20 --- Stay tune , we are going to consolidate now have some correction and continue upward! Like this if my post has helped you and I hope you enjoyed the rally if you followed my projection.