SCRTUSDThe idea here is about SCRT (Secret Network), Mentioned below are the points to consider for Elliott's wave with FIB relationship along with RSI, MACD, ICHIMOKU CLOUD.
Secret Network is a blockchain with data privacy for smart contracts by default, allowing you to build and use applications that are both permissionless and privacy-preserving. This functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3.
Points as per TA on a Daily Chart:
1. Wave 3-4 retraction completed as per the technicals price touched wave 1 terriotory(as per Elliott's wave theory)and bounced back from the support zone.
2. We can expect the price to hit 12.60$ if the trend follows Elliott's wave theory (wave 4-5 is usually the length of wave 0-1).
3. RSI sitting at 55 a good zone to buy.
4. MACD is on a down trend and looks like we are going to trend sideways for few days.
5. 20 EMA is giving a good support.
6. ICHIMOKU cloud conversion line is still above the base line and price may retest 7.50 $ in the coming days.
project seems to be pretty solid and has more potential in the future.
Disclaimer: The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment.
