Updated

SRMUSD Parallel Channel

Note

SRMUSD SRMBTC is going for the next try, everything seems good

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Let's see how the market reacts after CF2.
There will be a try for CF2.6 and possibly CF3, i.e. the historical peak.

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The CF targets in the above comment are for SRMBTC.
For SRMUSD it would be getting passed the following resistance ahead: CF1.6 and then trying CF2 (heavy resistance), and finally CF2.6(the historical peak with a possibly very heavy resistance).

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Well, it did reached CF 2 and we can see the resistance, most likely there would be a try to get pass the historical peak of 0.00193BTC/2.2USD (i.e. CF 2.61)

If the bull movement would be successful then I will make a new post introducing the new targets (resistance points ahead), otherwise, the price will fall down and I will update this post with the possible support points.

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 important target (resistance point) is Fibo 1.61 but we can expect resistance at F-1.27

DavidQian

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SRMBTC Parallel Channel

by DavidQian

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