SRMUSDT: Possible Long (22.11.2020)
On D1, the price has broken the downtrend line and reached the resistance at $ 1.3.
On H4, the price has formed an upward impulse pattern, which may turn out to be part of a large zigzag pattern.
At the current moment, the price is decreasing in the expected correction for the local upward impulse. RSI is slowly declining towards the oversold level.
We recommend buying SRM from the $ 1 level, as well as when the RSI reaches the oversold level on H4.
The target level for profit-taking is $ 2.
On H4, the price has formed an upward impulse pattern, which may turn out to be part of a large zigzag pattern.
At the current moment, the price is decreasing in the expected correction for the local upward impulse. RSI is slowly declining towards the oversold level.
We recommend buying SRM from the $ 1 level, as well as when the RSI reaches the oversold level on H4.
The target level for profit-taking is $ 2.
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