SRMUSD went into a time and price correction period within a Wedge.
It is highy likely that it breaks out from the Wedge from the top (bullish movment) in which I marked the next Take Profit points (TP) in green.
But if the wedge breakes from the bottom then the next posible supports are marked in red.
On the 8hr we can clearly see some bullish divergence. The time window for a decent entry is likely missed as of now when the 4 hr divergence was first spoted under 1.2 , but with this information we may expect some bullish movement from here and wait for the breakout of this channel and look for the retest before going long or wait for some kind of inverse head...
We are currently inside an ascending triangle . The way I like to trade this is along the trendline ,so I have already loaded some longs on 1.908. What's really great about this patterns is the low risk to reward it provides as becomes clear whhere it would become invalidated so you can move the SL along the trendline as this pattern matures. If it ends up...
Hey folk. In my previous post on SRMBTC and SRMUSD I told you I am going to make a new post with the new targets.
First, What happened: SRM addition to Binannce resulted in huge increase in its value vs BTC. Immediately after that the price started the correction course.
It took it about 2-3 weeks to make the correction process and finally it manages to come...
As young as it is, SRMUSD is following a Pitchfork on it's hourly trade pattern.
It has been experiencing a good support from FiboRet-0.236.
>>Will be updated<<
Cryptocurrency is very volatile market so always have an strategy and risk management plan.
JUST FOR EDUCATIONAL PURPOSE