SRMBTC Parallel Channel

Updated

Comment

Already reached the first target (1.6 Channel Fibo).
As you all know, it is an important resistance point.
lets see if it can break it and try CF 2 and then 2.6.
CF 2 is very important.

Comment

Comment

SRMUSD SRMBTC is going for the next try, everything seems good
Considering RSI and MF I think the next target is CF 2.6, but CF 2 is also very a important resistance ahead.

Comment

Let's see ho the market react after CF2.
There will be a try for CF2.6 and possibly CF3, the historical peak

Comment

Well, it did reached CF 2.61 and we can see the resistance, most likely there would be a try to get pass the historical peak of 0.00193BTC.
If successful then I will make a new post introducing the new targets (resistance points ahead)

Happy Trading

Trade active

Finally, we reached the historical peak.
So what are the new targets?
Here it is:
We expect resistance at this point as it is trying to go over the historical peak and make the next one! The next target (resistance point) is Fibo 1.27 and the next one after would be F-1.6

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