Serum the future of exchangesSerum is one of my favorites coin with Polkadot and Synthetix in the DEFI space. Very strong potential and Governed by peoples votes.
What is Serum ?
The Team Behind Project Serum Project Serum is coined to be the new DEX to be launched by FTX Exchange- a cryptocurrency exchange and derivatives platform. Check out our review of FTX Exchange. The founders of Project Serum are also behind FTX exchange and they have also partnered with titans in the industry who have successful projects including the founders of Multicoin Capital, TomoChain, Compound, and Kyber Network
Serum is the first DEX built on Solana. Solana is a web-scale blockchain that can potentially reach 710,000 transactions per second (tps). This is possible with a verifiable delay function called SHA 256 hash chain that enables Optimistic Concurrency Control. At present, it can handle around 50,000 tps, which is exponentially faster than Ethereum’s 15 tps. The Team Behind Project Serum Project Serum is coined to be the new DEX to be launched by FTX Exchange.
Short Term Targets :
TP1 : ATH 3.8$
TP2 : 5.7$
Happy T4ding !
SRM
SRM/ BTC 1D Ascending Triangle SRM/ BTC is moving in ascending triangle and it's sitting on a strong historical support line (red).
Enter now for bigger gains or after the break out above the resistance level .
Targets: 10224, 15023, 20130
Remember about SL!
SRM 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
Serum Hello traders,
I think this coin is a great deal for medium/long term hold. Obviously you can profit from short term, but holding it through until ATH is reached would be the most reasonable idea. This coin has a similar pattern to many coin in this bullish momentum and most new coins (serious ones) tend to break ATH. Furthermore it looks great both on weekly and daily - volumes are picking up, selling pressure is quite conservative and most importantly it is on an uptrend.
Remember, you should always go with the trend, no matter how overbought it might seem, cryptocurrencies tend to go higher and higher to everones suprise. Smart trader does't buy low and sell high, because bottoms and tops are extremely hard to catch even for most sophisticated ones.
Smart trader always calculates the risk of his postiions and buy high to sell higher. Obviously intermediate lows in an uptrend should be treaded as a good buy opportunity.
Best of luck.
🆓Serum/USDT Analysis (26/1) #SRM $SRMSRM is strongly increasing from $1 zone and heading towards $2.4 zone. $ 1.7-1.8 zone is the critical support zone at the moment, as if it is lost it will fall to $1.3-1.4 zone before February.
However, SRM's bullish potential is huge as it can climb to $2.4, $2.8 and $3.4 in February.
📈BUY
-Buy: 1.7-1.8$. SL if B
📉SELL
-Sell: 2.3-2.4$. SL if A
-Sell: 2.8-2.9$. SL if A
-Sell: 3.4-3.5$. SL if A
♻️BACK-UP
-Sell: 1.7-1.8$ if B. SL if A
-Buy: 1.3-1.4$. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
SRM USDT vs ETH USDT1. Serum breaking out against Ethereum. Downtrend market structure about to reverse, with strong bullish divergences across several time frames.
2. Strong fundamentals - Led by SBF from FTX exchange and is supported by the DeFi Narrative.
3. Target approximately 0.04 giving a 150% gain.
SRM 1H BUY for Long-term HoldingsSet some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
SRM Buy for Long-term HoldersThe last Buy point for our members is at around $1.7
and now the first TP is reached at around $1.9
We suggested holding SRM for long-term investment
Easy Trading Indicator for Beginners
When the ema1 crosses above ema2, the area will be painted GREEN in color, and a BUY signal will appear. = BUY
When the ema1 crosses below ema2, the area will be painted RED in color, and a SELL signal will appear. = SELL
Area painted with ORANGE color means ready for flipping your position or take profit from your current position
SRM / USDT On his way to Price Discovery ... Technical Analysis As we saw on our previous analysis, SRM / USDT is another amazing DEFI project that is on the verge of something huge.
Now we successfully closed the week above the neckline and are heading to the first target... I believe we will see a very strong expansion phase, specially with the bullishness of the weekly closure that we had !
- Broke out of it's accumulation phase ( W pattern) with strong volume
- Closed the week above the neckline, retested it and bounced on it, which confirm that the bulls are in control
- There is not strong resistances till price discovery
- A lot of hype on DEFI project
- Bitcoin is ranging, so it let space for altcoins to express themselves
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio/
SRMBTC testing resistance turned supportIf it bounces, price will go to the top of the range. SRMBTC looks like it bottomed and will moon.
WHAT SRM is TRYING TO DO !!! IS it Breaking Out ??Hey guys welcome for a fresh update on SRM
--------------------------------------------------------
Is SRMready for BREAKOUT !! Have a Look...
--------------------------------------------------------
After Long Time SRM is all set to BREAKOUT Very Strong SR level
Have a look At CHART
IF it successfully breakout the FLY is Quite Long
It's Good to fill bags around $1.6 -$1.8
Target upto $3.5
with RR 5.28
Give a thought to it and manage your risk carefully...
Will Be back with other Premium Trades in the mean time..
--------------------------------------------------------
Thanks for reading... Give us a THUMBS UP if you like it...
--------------------------------------------------------
this is Husain Zabir, signing out
Thankyou...
SRMLONG (New Altcoin -> new cycle starts)LONG Spot play
Reasoning:
>long accumulation phase (sideways consolidation)
>breakout should hold because it already consolidated for some time.
>cycle is just starting
SRM/USDT - More than 100% potential!Hello guys, another trade for you, this time with SRM and with USDT pairing! I predict more than 100% potential, so stay tuned and don't buy until it reaches the Entry Point :)
SRMUSDT (Resistance Breakout)#SRMUSDT(day chart) Technical Analysis Update
Resistance Breakout
ETC/USDT currently trading at $1.51
Long Entry Level: 1.38 to 1.52
STOP LOSS: Below 1.10
Resistance level 1 (Target 1):$2.0
Resistance level 1 (Target 2): $2.66
Max leverage: 2X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
SRM/USDT - Current trend and expected targetsSee the chart. My TPs:
#1: 1.95
#2: 2.30
#3: 2.65
#4: 3.10
#5: 3.80
Good luck!
SRM potential 650% profits!The white line indicates previous resistance. Price broke above and retested, so resistance has now turned to support.
Volume is increasing.
Bullish divergence has formed.
EMAs are crossing up indicating the start of an uptrend.
This is a long term swing trade, it won't happen overnight. Take profits along the way.
SRMUSDT Daily Chart, will it break the triangle (SR line)Watch SRM, will run out of room around 22 jan.
Trading in the room its in now, is already 18%