First time breaking weekly highs (close) since 2018. There was already had a test and rejection and now have the continuation back into resistance. On a lower timeframe this looks like a W-Reversal or a cup & handle depending on the base.
The SCRT/BTC Pair looks bullish to me and has a lot of strength on top of support. Momentum play. SCRT/BTC Chart...
Volume is very powerful and pattern seems to repeat itself. Bullish as fk imo. Look at their website: scrt.network for more information on the projet. It has some issue but nothing that can't be fix. Great opportunity for traders.
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...
This analysis does not apply to traders and holders.
In the four-hour time frame, we are involved in a triangle that we expect to climb to the size of the flagpole in case of failure.
The range of 6.4 is a very important resistance, which is the resistance of 2.618 Fibonacci previous wave and the target of the flagpole.
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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.
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.
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