Hello my Fellow TraderZ,
$SRM - one more token belongs to the #SOLANA ecosystem.
Price is forming a BULL FLAG pattern on the 4 HTF after its first leg.
Also if breaks the TL we ready to book profit ~60-70%.
Are you ready!!!
CHEERS!!!
Most likely this project is dead.
With collapse of FTX, there is a high probability that SRM will dump to zero.
SRM is SBF's coin on Solana blockchain.
Binance already announced delisting Serum coin .
Probably it's worth to try shorting it as it will end like FTT.
If there's any 'scam pump', you may be lucky to get your shorts filled at better prices.
No hope...
What Is Serum?
Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi).
Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and...
With DXY hitting resistance and Crypto MCap resting on support, it's created room for alts to breathe a bit, and that is the rationale for this trade bias. Target entry, is 4hr support from this 12hr bounce printed today. Final target is 12hr resistance.
What Is A Cup And Handle?
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume....
200% Gain To get back to previous all time high..
Cup and handle formation on USD Pair.
Falling Wedge on BTC pair.
Fundamentally solid project.
Self proclaimed "world’s fastest and most powerful decentralized exchange."
Solana runs on Serum.
Serum (SRMUSDT) is looking really, really good chartwise.
Let's get straight to it...
Feel free to hit like to get started!
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Today we look first at the trading volume.
Notice the huge green bars after the 5th July low... Wow.
Huge buying pressure.
SRMUSDT is now trading above EMA50 with all this volume.
The RSI is super strong above 60.
The initial low...
$SRM
Adam and Eve formation I drew out a little bit ago and seems to have broken the neckline resistance. A nice bullish pennant breakout with a back-test as well more recently.
Depending on what BTC does in the coming days of course, would like to see this neckline (dotted line) hold and continue to trend above the EMA 100/200.
I could see this one rip if we...
This is the same chart we looked at back in June 27.
Serum (SRMBTC)
It will continue growing and move above the EMA300 grey line and beyond...
You can see the previous trade idea above for the analysis.
Wishing you great profits.
Enjoy.
Namaste.
Nice squeeze on $SRM !
Not convinced on the move, generally speaking, as it hasn't broken any serious resistance yet but it is nice to see some strength in the market on coins that are potentially reaching under-valuation
Looks to have broken the diagonal but has not broken upper resistance, if the market gets a decent shift soon I could see this squeezing...
- On the daily chart, we can see a huge falling wedge - bullish reversal pattern.
- The wedge has been broken and retested by the bears.
- Also the price is forming a descending channel, so for a confirmation trade - wait for the channel breakout.
- Out profit target is top of the wedge or 0.5 FIB.
- As per my Elliott Wave analysis - the impulse wave has been...
SRMBTC (Serum) is challenging EMA100 right now.
Breaking above this leave can lead to straight up.
We can see a clear rejection at EMA100 on 26-June, yet this level is being challenged again today.
With strong indicators, it is likely that this resistance will break.
First, we have an 18% target, very easy, followed by 64%.
More details on the chart.
Namaste.
SRM printed a bullish rsi divergence on 4h timeframe
I'm waiting for a breakout from the falling wedge pattern to enter a LONG trade targeting at least a 8/9% gain
what do yall think about this one?
Serum (SRM) Sell Zone
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BIAS
Short-Term : Neutral
Mid-Term : Bullish
Risk : Medium
After rejecting $2.1 zone Serum has gone up to $2.3 zone it looks like they have enough buying intentions to push us higher in the next few days.
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$SRM/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 2.25 - 2.12
TP 1 : 2.35
TP 2 : 2.45
TP...
SRM is having an important support area at $2.4, when SRM approaches this zone, buying power can completely appear to help SRM increase back to $3 or even continue to increase to $3.6 and $4.2 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 2.4$ zone
🔴Buy : 2.4
🔴Sell : 3 - 3.6 - 4.2
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 2.4$ zone
🔵Sell : 2.4
🔵Buy :...
The buying levels are very good in this coin , for long term you can start invest now, if you looking for short term , check your risk analysis & grab this coin
Let's see how it will go
