SRM going to where?I have started investing in SRM in 2021.
I'm bit confused, what will happen next?
I would like to get your ideas to build a strong chart with high possibilities.
Thank you.
SRM
SRMBTC Diametric PatternThere are two possible scenarios and we can see a good bounce from here or the orange box.
SRM - The End Of Bears?SRM has given us some very nice technical patterns which are all indicating towards a bullish reversal. We have had a double bottom which often appears at the end of a bear trend.
We are waiting for a clean break above the 4.5 level to indicate that the bear trend has ended. Will be looking to get in on the retest of the trendline and the structure level.
SRM - The End Of Bears?SRM has given us some very nice technical patterns which are all indicating towards a bullish reversal. We have had a double bottom which often appears at the end of a bear trend.
We are waiting for a clean break above the 4.5 level to indicate that the bear trend has ended. Will be looking to get in on the retest of the trendline and the structure level.
SRM/USDT LongThe only thing preventing me from taking this setup is the upcoming 5M SRM daily unlock starting in August. Not sure how significant the selling pressure would be then.
SRMPretty similar as alot of alts and almost as whole market. We are gonna get last leg up and then crucial pullback which is usually pretty good for entry for swing positions!
SRM - BTC$SRM again bounces very clean on the 2021 fib .236level, if it holds here, I expect it to move up again towards 1st and 2nd resistance levels (around 9100 and 9800).
SRM/BTCSRM is not losing the support and has recently provided the bullish cross of 21 MAs so I am longing it when confirm the break from the channel.
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$SRM SR FLIP$SRM Looks good for a move upwards here. Huge SR Flip will be filling bags on the retest.
SR - BTC$SRM testing fib for 3rd time as resistance, if broke above and retest its good chance it will run to next fib. Maybe little resistance from previous tops around 12100
SRM: Bear vs BullSerum is one of the primary projects built on Solana and overall, I believe it has a strong future ahead as backing by FTX is strong.
Chart, as usual, depends on what happens with BTC.
I am still leaning bearish for BTC, so I would expect this WXY to play out. Bullish alternative below.
Serum SRM going long1) Bullish flag (no breakout yet)
2) Been consolidating since May 19th dip below the 0.236 FIB R range
3) 50, 100 & 200 EMA on the daily are getting close in preparation for a big move.
While this trade may take a while to materialize, and without the breakout it could be an early trade to buy in. But I jumped in for the price is attractive and Fundamentally it has all the potentials to go up from here.
My entry is marked with a blue line, and my target set in green.
🆓Serum (SRM) June-7 #SRM $SRMSRM is breaking out of the symmetrical triangle pattern to move up. If successful, it will move up to 7.5$ and 10$ zone this June. But if it makes a false break and dump below 4.7$ zone, it will fall down to 3$ zone
📈BUY
- Buy : 4.6-4.8$. SL if B
📉SELL
- Sell : 7.3-7.7$. SL if A
- Sell : 9.7-10.3$. SL if A
♻️BACK-UP
- Sell : 4.6-4.8$ if B. SL if A
- Buy : 2.9-3.1$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
SRM 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
SRMUSDT - Sellers Domain - Reversal Soon??In technical analysis, when we see a a lower high, it means that buyers have lost their buying pressure and could not carry the trend higher. This is an indication that sellers have entered the market. From the chart above, we can see that we broke bullish structure on the 13th of May, followed by a higher low = indicating that sellers have entered the market and ready to reverse the trend.
From then on, we can see a series of lower highs and lower lows, taking us back down to the very bottom.
A daily close below $3.60 would open up possibilities of price going below $1 as we have previous structure there.
SRMUSDT will follow SOL!SRM will easily see 14$
Technical Analysis says that, Strong support (Dynamic & Static) is supporting this coin Perfectly
Top of the channel will be easily achieved
$SRM is looking strong here with a bounce from the weekly level$SRM Long
Serum is looking strong here with a bounce from the weekly level , 0.618 Fibonacci and arguably the mid-line of the channel.
Targeting the horizontal weekly above, a nice 20% from here.
Just meme lines, they say. Few understand... NFAJust meme lines say. The lines speak for itself, where do you stand on this chart? Few understand the lines... This is not financial advice. NFA
Short term SRM/BTC idea.We have chart patter, and if breach MA200 it will continue up.
It will be retracement and after MA50 croses MA200 it will rise again.
