Introduction:
In the volatile world of cryptocurrency trading, Serum ( NASDAQ:SRM ) has caught the attention of many traders, particularly with its recent price movements and market conditions. With a current market capitalization of approximately $22 million, the token presents an intriguing opportunity for investors. This analysis aims to provide insights into...
Higher low leads to higher high.
Serum (SRMUSD) is in the process of breaking out of a big falling wedge, sealing a strong higher low.
✔️ Next target can be seen around 0.27 which translate into a 150% potential.
✔️ Being more conservative this chart setup can easily do 50%. This is a short-term target.
The charts are always changing.
Make sure to build...
SRMUSD - What an awesome few months we've been having with you! Just take a look at those last couple of trades, a 65% short followed by over 100% on a long trade!
The question really is, what's next? We've got a Sell signal from Crypto Tipster v2 and quite a strong resistive trend line above, does this mean we can expect another drop? What do you guys think?
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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...
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....
Hello Traders!
SRM has completed the previous cycle and enters accumulation. At the moment the price of the asset is in the trading range of $1.68 - $3.06
Falling trading volume and volatility are typical for the beginning of the accumulation phase of the asset. Good opportunities for medium and long term purchases are opened near the price levels of $1.68 and...
We have Hidden Bullish Divergence at Support on the Daily and a Lower Low Double Bottom Spring of a potentially failed Double Top Pattern on the Weekly with Bullish Divergence and if it plays out we can very well see a rally up to $12 and if it breaks all time highs it will target $22-$24
SERUM (SRM) excellent Crypto of the FTX group, after a large profit taking from $ 13 up to $ 2 is ready to load towards new records.
The chart situation in the 1W chart gives us a very good entry point
Market cap 440M
Rank 145
BUY and HOLD
This chart contains what i think to be the most important technical ranges as target zones where price can see serious pullback or trend reversals.
The current momentum and volumes is looking good. Be aware of possible pullback.
If it trade bellow the described entry zone i think is good to de-risk and wait until it regain the level OR i dips into the buy zone...
bullish on serum
its a low cap coin
seems to me here will be formed a double bottom and a break out of the downtrend
dyor before investing
1.8 dollar ---> 50 dollar
