Price recently barely broke above the previous lower high, however we are seeing a reversal of trend as higher lows and higher highs are being formed after bouncing from the major support level at around $7. MACD is showing bullish weakness, RSI is at 50% and price is sitting on EMA ribbon; no clear indications at the moment however i expect price to reach $7.5...
Serum breakout and retested at daily chart,
my position: (spot)
Entry zone: 7.763~7.9
take profit: 8.4, 9.4, 9.9, 10.9, 11.3, 11.8, 13.4 (on each fib levels)
This is Not a financial advice.. do your on research.
#SRM maybe worth it to add this coin to your Watchlist. 👀
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Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/Breadkwon levels, Also R: R)
add to watchlist means the coin we mentioned is...
If you are on the bullish side for SRM, here are the potential targets with forming a cup & handle pattern.
Cup & Handle may fail eventually since they are actually rare but Target 1 is very conservative and Risk Management is a must around $13
We already have a double bottom. The RSI has broken out of the falling triangle. SRM price seems to have finished correcting.
I believe SRM will increase sharply in the next few days.
💎 SRMUSDT has been moving along the descending channel, it has got rejected from the support zone and we see a large green candle which indicates the bulls are in control. I expect that the price goes higher.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 7.000
☕️ TP1 7.600
🍺 TP2 7.800
🍻 TP3 8.230
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and...
SRM can give us a little gain in short term loo.
Entry: 7 to 7.5
SL: close Daily below 6.7
Exchange: Binance, Kucoin
This is our idea. not a financial advice.
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SRMUSDT is creating a descending channel after the price bounced on the weekly support. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
SRM retested the trendline and bounced back from there. Now SRM trying to break 8 -8.2$ Supply zone(1st target at 8$- achived ). If it could be breakout with with a good voloum you can enter for a second long trade. second target placed at 9$. Because the next resistance for SRM is 9.05-9.25$ area and after that we will see good upward rally .
We can clearly see a decending triangle on SRM/USDT chart.As you can see, 6.88is working as a good support .If it manage to break the above mentioned level , Srm can dump upto 20% in USDT pair . Not like a traditional decending triangle,SRM is showing a potentially upward movement.
RSI is laying near 50-52 level ;shows neutral
The volume shows a static (nor an...
Welcome to this quick srm /usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :-SRM/USDT will break triangle soon
Traget:- 10% to 15%
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit...