SRMBTC_DailyPrice: 5510 Satoshi
Entry Level: 5510- 6045 Satoshi
TP_LVL I: 6937 Satoshi
TP_LVL II: 7753 Satoshi
SL: 5225 Satoshi
Expected Return: 39 %
Reward/Risk: 9.8
SRM
SRM/USDT - PATTERN BREAKOUT! POSS. UPSIDE AHEAD! This all hinges on BTC not completely dumping on us. If BTC Dom. has a pullback, this could be a great week for trading alts.
SRM broke out from that ascending triangle pattern (YELLOW LINE). I expect a retest of this level and possibly even the bottom of the pattern before a move to the upside.
If it can break out from the larger DESCENDING triangle, then we should see a retest of recent highs. A break above there (DOTTED YELLOW LINES) would be extremely bullish.
Consolidation periods are when the pros go bullish.
don't be the last bull to the party.
happy trades :)
CD
SRMUSDT: Possible Long (06.12.2020)At D1, the price broke the downtrend line and set new resistance at the 23.6% Fibonacci correction level ($ 1.34). RSI is in uncertainty, however, the overbought level can be reached in the near future.
At H4, the price corrected to the 76.4% Fibonacci correction level ($ 0.91), after which a rebound occurred. In both cases, the RSI reached oversold and overbought levels. At the moment, the price is in a local correction for the upward impulse.
We recommend buying SRM from the 38.2% Fibonacci level ($ 1.13) in order to hold the position up to $ 1.7.
SRMUSDT: Possible Long (22.11.2020)On D1, the price has broken the downtrend line and reached the resistance at $ 1.3.
On H4, the price has formed an upward impulse pattern, which may turn out to be part of a large zigzag pattern.
At the current moment, the price is decreasing in the expected correction for the local upward impulse. RSI is slowly declining towards the oversold level.
We recommend buying SRM from the $ 1 level, as well as when the RSI reaches the oversold level on H4.
The target level for profit-taking is $ 2.
SRM SERUM 4H CHANNEL - SRMBTC SRMUSDT SRMUSD SRMETH SRMBNBSRM SERUM 4H CHANNEL - SRMBTC SRMUSDT SRMUSD SRMETH SRMBNB
✳️Serum/USDT (6/11) #SRM $SRM #SRMUSDTSRM has hit critical support at 0.8$ and is likely to initiate a short term uptrend and then accumulate for a long term uptrend.
However, the 1.4$ zone is dangerous and we should exit here.
📈BUY- LONG Strategy
- Buy close to 0.8-0.85$, stoploss if B
📉SELL-SHORT Strategy
- Sell close to 1.1-1.15$ if B, stoploss if A
- Sell close to 1.4-1.45$ if B, stoploss if A
- Sell close to 1.8-1.9$ if B, stoploss if A
- Sell close to 2.4-2.5$ if B, stoploss if A
♻️BACK-UP Plan
- Sell close to 0.8-0.85$ if B, stoploss if A
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
☢️Serum/USDT (25/10) #SRM $SRM #SRMUSDTSRM has a very strong support zone at 1-1.1$ zone and currently SRM has also formed an Adam & Eve Double Bottom pattern, which will help SRM in reverse its trend.
The bigger pattern of SRM is a Falling Wedge pattern, and the target will be 2$ or even 2.6$ in next November.
We will need to sell the SRM quickly if it falls out of the 1$ zone and consider buying back at the 0.5$ zone
SRM.USDT (Y20.P4.E1).Stalking.Breakout tradeHi,
Chart tells the story.
Look for the breakout and hopefully you get the fill on the re-test area.
Cheers,
S.SAri
Close up
SRMUSDT: Buying some around 1,25 and below...Hello,
SERUM is another project that, from the chart the perspective, has a chance for higher levels in the coming days.
Long positions around the bottom of the channel and slightly below
Hard Stop at 0.98 or two consecutive daily close below $ 1
First target around $ 2 after possible spike above top of the channel.
If we see upside break above the channel based on daily close you can renew on the retest of the top of that channel....
Second target 2.60 / 70
Good luck
SRMBTCAfter a sharp correction, we see a week correction now. the pattern can be a Zigzag + x + Triangle. we are in wave C of this triangle and can wait for a bounce from here!
#SRM USDTEntry : 1.8$ - 1.7$
TP1 : 2.2$
TP2 : 2.6$
TP3 : 2.7$
Stop loss : 1.5$
Don't forget about risk management
Please support the idea by pressing the Like button
Retesting previous resistanceAfter multiple targets been hitted arround 32-33k sats. Serum lost it's momentum and went into a down phase. It's now retesting the previous resistance. Which shouldn't be to hard to break, since it has shown a strong Previous breakthrough on it's second try.
The RSI shows some hidden bullish divergence. But however it's not within the same white range box as on the chart. So either the momentum goes on hit the overbuy range, touches the first resistance(25k sats). Or this goes into consolidation, retests the green area and touches the resistance area later on.
Am pretty bullish on this project, so I expect this to run very high in the long term.
First targets on the chart.
Stop loss under 14.5k
Not a financial advice. Do your own research!
Pretty Nice Bullish Descending TriangleIt is forming a pretty nice bullish descending triangle pattern. Lets seee what happens.
This is not an financial advise. it is only my opinion.
SRM/BTC (Retrace Before Another Breakout Attempt?)BINANCE: SRMBTC
-SRM still unable to break the trendline resistance
-But the Bulls still have a chance on the 3rd attempt
-Provided the support at 19.6k will hold for the next few days
-SRM might retrace and retest the recent green support
-Before potentially break the resistance line
-Let's hope BTC will not dump so Altcoins will recover well
^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk Management
**If you like my daily Published Ideas
**Please don't forget to leave a thumbs up & comment
**Thank you! :)
SRM.USDT (Y20.P4.E1).Cradle setupHi All,
SRM is likely to give us an opportunity here and its a matter of waiting for a bullish candle or bullish formation on the smaller timeframes, at this fib level or possibly lower (hence we are looking for bullish signs).
The 4 or 8 is a good time period, although many time periods show good convergence.
Lets see how this turns up, keep stalking.
Cheers,
S.Sari
4 HRLY chart, in confluence with the 21 EMA and fib level
$SRM / #USD, Recovered ~2.6$ level...$SRM / #USD
Recovered ~2.6$ level and now is sitting above it on a potential accumulation prior continuation to the upside..
Willing to see if it manages to flip this level into support & volume starts flowing again so we can aim for ~3.1$ as next target...
#SRM
