SCRTBTC
GIANT Cup & Handle on weekly SCRTUSD, golden MacD cross imminentThere have been so many bullish developments on Secret Network lately I don't know where to start. Most recently a bridge was made to Monero allowing XMR holders to participate in private DeFi for the first time on their SecretSwap DEX. Upcoming Terra bridge + IBC transfers to link SCRT to the rest of the bustling Cosmos ecosystem, alongside a major mainnet upgrade in October.
On the chart, we can see a giant cup & handle pattern finally giving us some upside & finality in Q3 & 4 2021. We are also about to see a golden cross & green buy signal on the MacD crypto strat, which in my book is always a good sign!
If the handle plays out well we could see a fantastic run all the way up to the $9.44 range & above, based on the fibonachi retracement at 1.618. However, looking at the performance of LUNA & other Cosmos native coins lately, we could be in for a lot higher!
Looking across the privacy coin sector we can see a lot of undervalued projects with great fundamentals. I will be scouting out some bargains in this overlooked area of the crypto-space, before the big players get in!
Please feel free to message me with any follow-ups :)
NOT FINANCIAL ADVICE, JUST OPINIONS IN THE ETHER
SCRT/BTC { SECRET } - BULLISH SETUPANALYSIS 🔎
- SCRT/BTC was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price is currently undergoing a retracement, resisited by the descending trendline resistance.
- A breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Aggressive entry (more profitable): the key fibonacci retracement zone ( 0.5 - 0.618 - 0.784 ).
- Conservative entry (higher success rate): breakout above the descending trendline resistance.
TARGETS 🎯
Short term targets (black arrow pointers).
- Horizontal resistance level (@0.00003852).
- Horizontal resistance level (@0.00004950).
Long term targets (blue arrow pointers).
- Horizontal resistance level (@0.00007600).
- Horizontal resistance level (@0.00010100).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
$SCRT/BTC Binance 4H by imRedaSouhail.Secret is the native coin of the Secret Network, a decentralized network for private / secure computation. Nodes on the network (known as secret nodes) can perform generalizable computations over encrypted data, which allows smart contracts (known as secret contracts) to use private and sensitive data as inputs. Our focus is on computational privacy, not just transactional privacy. Developers can build decentralized, privacy-preserving "Secret Apps" on the network. The privacy functionality of the Secret Network is critical for many fields, including decentralized finance, Web3, machine learning, access control, and many more.
The Secret Network is supported by many independent development teams and entities, including Enigma, Secret Foundation, Secretnodes.org, Chain of Secrets, and more.
$SCRT Will Be listed on BitMart ! (13/06/2021)
Secret is gonna pump and it ain't gonna be a secret no more!Secret is looking great. So Bittrex and Huobi still haven't listed Secret although they held the ENG tokens. I have no idea what has happened to that and whether they can still swap those tokens, but I would expect them to at some point list SCRT. I'd also expect Binance to add some extra pairs for this coin.
Now Secret is an elegant privacy technology, the mainnet has been release and the parent 'company' has settled with the SEC. They got a massive fine so I don't know how they are doing now, but it is definitely not a security now. So when I look at the whole cycle for SCRT I think it has had a pretty nice full cycle and capitulation and is in a really large and long accumulation. Definitely has the right mix for potential upside especially when it gets more listings.
Secret Coin about to go Parabolic?This is the old Enigma coin that went parabolic in 2018 under new branding. Looks like we've broke out of the triangular bull flag hardcore to the upside. Only think I'm not liking is the Squeeze indicator, but everything else looks good. Would like to see MACD signal line separate further too. I believe this is a buy.
$SCRT/BTC 1D (Binance Spot) Descending channel breakoutSecret Network (formerly known as Enigma) broke bullish and is supported by 100EMA, looks ready for a leg up here!
Current Price= 0.00004975
Buy Entry= 0.00004990 - 0.00004730
Take Profit= 0.00006440 | 0.00006440 | 0.00009998
Stop Loss= 0.00004069
Risk/Reward= 1:2 | 1:3.6 | 1:6.5
Expected Profit= +32.51% | +58.64% | +105.72%
Possible Loss= -16.28%
Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 1x
Estimated Gain-time= 1 month