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SRMUSD

SRM/BTC (Retrace Before Another Breakout Attempt?)BINANCE: SRMBTC -SRM still unable to break the trendline resistance -But the Bulls still have a chance on the 3rd attempt -Provided the support at 19.6k will hold for the next few days -SRM might retrace and retest the recent green support -Before potentially break the resistance line -Let's hope BTC will not dump so Altcoins will recover well ^Trading involves High Risk ^Not Financial Advice ^Please exercise Risk Management **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Thank you! :)
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by PolarHusk
17
SRMBTC next targets (25%-60%-100%-200%-400%)SRMBTC next targets (25%-60%-100%-200%-400%) Hey folk. In my previous post on SRMBTC and SRMUSD I told you I am going to make a new post with the new targets. First, What happened: SRM addition to Binannce resulted in huge increase in its value vs BTC. Immediately after that the price started the correction course. It took it about 2-3 weeks to make the correction process and finally it manages to come back to the previous peak and get passed through it. I needed time to see to what Fibonacci it is reacting and now I have some clear idea about that; however as patterns changes over time so the analysis, hence I will update this post whenever I see a change or have some corrections to make. So for now what I can say is this coin is reacting to both expansion and extension Fibos. The common fibonacci extension levels ahead are 161, 200, and 261, but they may react to 113, 127, 144% and many other ones as well. It seems at this point of the market SRMBTC and SRMUSD at hourly pattern react with all of them from both extension and expansion. For now I marked all of the resistance points ahead using these two Fibo, but the big picture (daily analysis) is that the main resistance ahead are 127 (~25% profit target), 161 (~60%) and 2 (~100%) where heavy resistance is expected. Afterward there might be another correction and retry in which the market going to try reaching 261, 361 and >4, i.e 200-400% profit targets.
S
by DavidQian
2
SRMUSD next targets (25%-60%-100%-200%-400%)Hey folk. In my previous post on SRMBTC and SRMUSD I told you I am going to make a new post with the new targets. First, What happened: SRM addition to Binannce resulted in huge increase in its value vs BTC. Immediately after that the price started the correction course. It took it about 2-3 weeks to make the correction process and finally it manages to come back to the previous peak and get passed through it. I needed time to see to what Fibonacci it is reacting and now I have some clear idea about that; however as patterns changes over time so the analysis, hence I will update this post whenever I see a change or have some corrections to make. So for now what I can say is this coin is reacting to both expansion and extension Fibos. The common fibonacci extension levels ahead are 161, 200, and 261, but they may react to 113, 127, 144% and many other ones as well. It seems at this point of the market SRMBTC and SRMUSD at hourly pattern react with all of them from both extension and expansion. For now I marked all of the resistance points ahead using these two Fibo, but the big picture (daily analysis) is that the main resistance ahead are 127 (~25% profit target), 161 (~60%) and 2 (~100%) where heavy resistance is expected. Afterward there might be another correction and retry in which the market going to try reaching 261, 361 and >4, i.e. 200-400% profit targets.
S
by DavidQian
1