SRMBTC next leg?Pretty simple really, looks like SRMBTC has printed a similar structure twice in a row now, third times a charm?
SRMBTC
SRM/BTC 4H SUPPORTSRM/BTC is now sitting on 4H support
A bounce is expected
Stoploss: closed under the Trendline
SRM heading to 5 dollars !!!SRM is at the moment flipping the previous resistance of our first target into support ...
If we successfully close above, we will head till the 5 dollars region !
Enjoy the ride ...
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/
SRM Just smashed our Target 1! Only 3 weeks since we saw that SRM broke out from it's accumulation phase!
We were saying that a strong expansion phase leading to a parabolic move were coming, here we are !
(previous analysis)
Now that we successfully touched our Target 1, we would like to see a daily closure above our target 1 and a retest of it as a support in order to see further continuation. This flip from resistance to support of this zone would lead us to price discovery.
Enjoy the ride and congratulation to those who bought at the breakout from it's accumulation phase
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 long or short at this time ??I'm consider that it is going to be next head and shoulders again and I will wait for those zone because of the powerful support, to take a low risk long in the short term
certainly I will update this chart to what's going on whit this currency
I'm so glad to share your opinion for better analyzing .
SRMBTCTargets are shown in the picture but DO NOT ENTER HERE. This analysis JUST about the targets. ONLY IF the price corrected to orange box entry is reasonable.
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 / USDT following it's path to price discovery ... We are following SRM since the beginning of this beautiful bull trend !
On our previous analysis we saw that SRM did a beautiful breakout with strong volume from it's accumulation phase, announcing that a strong bull trend was coming ...
Now we can see that SRM is doing a text book bullish formation, showing that the bulls are in control and the price will continue to develop it's path till target 1, and then, to price discovery as demand increased.
We have :
- Successful breakout with strong volume and a successful retest ou the neckline, now acting as support !
- Price doing higher high and higher low
- RSI doing a hidden bullish divergence on the daily time frame
- A strong bull trend and a lot of hype on the defi project
As we entered during the accumulation phase, now we can chill and let SRM do his job.
This market benefits the most patient ones ... so no rush !
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/
SRM/BTC Early stage of the upward movementSRM has been rising gradually against USDT since the beginning of January. In addition to this, SRM price against BTC is about the move above 50 days moving average. Since BTC loosing dominance in the market, small cap alt coins such as SRM is expected to give insane gains in this bull market.
The price will probably pass its ATM and we will be keeping eye on Fib levels to exit. Here is some Fibonacci levels where you can set your own target depending on your risk management.
Current price =0.0000484
Fib 1 = 0.000329
Fib 1.618 = 0.000515
Fib = 2.618 = 0.000814
Useful Basic System:
-Watch 7 days moving average. If daily candle closes below it, be more cautious.
-If the price drops to below 20 days moving average and closes below it significantly, take your current profit and leave until it backs above it.
Tips :
-Always take profit on the way up , price will definitely not increase forever.
-Don’t be too greedy when price moves up or don’t panic when it decreases. Relax and control your psychology.
-Make plans for every possibilities, it is not 100% accurate that what we think will happen.
-Don’t try to catch up the exact deep or exact peak.
-Don’t buy everything you found in the market.
-Don’t listen everybody who claims to be a trader or financial advisor. (Mostly avoid who is 100% sure about what they believe).
-Remember, market cycle works with human psychology and everybody’s psychologies are similar.
SRMBTC testing resistance turned supportIf it bounces, price will go to the top of the range. SRMBTC looks like it bottomed and will moon.
SRM/USDT & SRM/BTCJe pense que le graphique parle pour SRM ( Serum ), ... Le stop loss acceptable est excellent pour le gain latent
- Support en usdt et btc trés fort ( bottom peut etre trouver )
- Le gain perte est excellent
- Seul obstacle serait la zone de réaction RSI pas encore casser à la hausse
Pour les plus agressifs prendre le trade maintenant, pour les plus sécuritaire attendre une cassure RSI et résistance avec probable pull back.
En SWING le stop loss serait de 20%
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...
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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.
SRMBTC_DailyPrice: 5510 Satoshi
Entry Level: 5510- 6045 Satoshi
TP_LVL I: 6937 Satoshi
TP_LVL II: 7753 Satoshi
SL: 5225 Satoshi
Expected Return: 39 %
Reward/Risk: 9.8
SRM - another DEFI coin following - Alt Season SpecialChart says it all, same kind of structure that a lot of alts have at this moment.
Targets on chart.
SRM SERUM 4H CHANNEL - SRMBTC SRMUSDT SRMUSD SRMETH SRMBNBSRM SERUM 4H CHANNEL - SRMBTC SRMUSDT SRMUSD SRMETH SRMBNB
SRMBTC SRMUSDSRMBTC SRMUSD latest trend:
As you can see the SRMBTC and SRMUSD went through a price correction and did not get a good support from Fibo 0.5 and .618 yet. Now it is at the 0.786. If we get a good support with good bullish indicators the price may rise again with the TPs been the next Fibo points! The final target at this point will be Fibo-1 the last historical high!
If Fibo 0.786 fails to support the price then the price will fail to Fibo-0, i.e. the initial price when introduced in Binance.
MoneyFlow seems OK, if the RSI breaks above Zero-line and other indicators be bullish as well that is a buy signal but make sure to sell at TP-1 and re-analyse your predictions!. Do not take unnessary risks! that is my strategy :-)
Happy trading