Scrtusdt
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
Secret pushing to complete fib retrace. Secret has been incredibly bullish and looking to push for the local top set in May.
We may see a small consolidation here at the 0.786 levels before a push on the local top at ~$5.30
If this level breaks then the 1.618 and 2.618 levels come into play at $8.30 and $12.97 in the short term.