Hi, friends hope you are well and welcome to the new update on Secret coin with Bitcoin pair.
In the previous trade-setup, the priceline of SCRT was pumped but after a long spike on 4th March, it was dropped down.
Now on a daily time frame, SCRT has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to...
Weekly range broken ---> last weekly high (19') tested --> broken range retested and rejected with a strong bullish engulfing candle.
Weekly 7/21/25 EMA's tested and rejected, which is a common mean reversion point.
61% Pull Back and rejection
All good signs and a great chart IMO.
Previous analysis linked.
- SCRT/BTC was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price is currently undergoing a retracement, resisited by the descending trendline resistance.
- A breakout above this descending trendline resistance could be an uptrend continuation signal.
We can see that SCRTBTC has been trying hard to turn around.
First, we have the really high volume bar showing up 17-June... That didn't work and its price continued to drop.
We then again see another attempt to move up, a long upper wick on 29-June but then nothing more...
While prices dropped we can see the MACD moving up, marking bullish divergence.
It looks like SCRTBTC is now done correcting and is ready to grow again... But why?
Here is a very simple yet strong signal; volume.
Notice the very high volume bar under today's candle...
We see prices moving above EMA10, challenging EMA21 and also EMA50.
This type of action supported by huge volume is a very strong bullish signal, it can lead to additional...
Secret is the native coin of the Secret Network, a decentralized network for private / secure computation. Nodes on the network (known as secret nodes) can perform generalizable computations over encrypted data, which allows smart contracts (known as secret contracts) to use private and sensitive data as inputs. Our focus is on computational privacy, not just...
SCRT is breaking out from a long consolidation above 50W EMA on the weekly chart. This could be a huge breakout, expect a 100% gain. My entry and exit levels are marked in blue and green.
What do you think? What’s your exit target?