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we think the best zone to enter in a long position is here and the best time is when the price stabilizes itself on the...
Secret has been incredibly bullish and looking to push for the local top set in May.
We may see a small consolidation here at the 0.786 levels before a push on the local top at ~$5.30
If this level breaks then the 1.618 and 2.618 levels come into play at $8.30 and $12.97 in the short term.
There have been so many bullish developments on Secret Network lately I don't know where to start. Most recently a bridge was made to Monero allowing XMR holders to participate in private DeFi for the first time on their SecretSwap DEX. Upcoming Terra bridge + IBC transfers to link SCRT to the rest of the bustling Cosmos ecosystem, alongside a major mainnet...
In the event of a break of the $ 5.5 resistance, which is the resistance of 1 Fibonacci and the Kijonsen Flat line, Double-Top is stabilized and I expect it to fall to the range of $ 4.5.
If we draw from the previous Fibonacci wave, the $ 4.5 range is at 1,618 Fibonacci, as well as the previous classic resistance of this currency in the previous uptrend.
Possible Cup and handle and break out to target price 3$. We could also see a rejection and head lower. The most likely scenario is a break out because of the peak in volume. SCRT is an interesting project. Bullish sentiment in DEFI cryptos and alts. Keep an eye on this one.
Secret Network is a unique project on Cosmos/Tendermint that brings programable privacy to the crypto space - privacy that can fit specific laws/policys for individual states, countries or companies and bring privacy functions to dapps.
This is the old Enigma coin that went parabolic in 2018 under new branding. Looks like we've broke out of the triangular bull flag hardcore to the upside. Only think I'm not liking is the Squeeze indicator, but everything else looks good. Would like to see MACD signal line separate further too. I believe this is a buy.