Traditional Decending Triangle. But?
We can clearly see a decending triangle on SRM/USDT chart.As you can see, 6.88is working as a good support .If it manage to break the above mentioned level , Srm can dump upto 20% in USDT pair . Not like a traditional decending triangle,SRM is showing a potentially upward movement.
RSI is laying near 50-52 level ;shows neutral
The volume shows a static (nor an increase neither a decrease )
200EMA is staying above 55EMA showing a bearish sentimental
MACD showing bullish divergence.
The best thing is wait for a clear breakout .
IMO , SRM will touch 6.88 again and will fly to break mentioned targets.
RSI is laying near 50-52 level ;shows neutral
The volume shows a static (nor an increase neither a decrease )
200EMA is staying above 55EMA showing a bearish sentimental
MACD showing bullish divergence.
The best thing is wait for a clear breakout .
IMO , SRM will touch 6.88 again and will fly to break mentioned targets.
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