$SRM setup with 42%Situation with $SRM isn't very good, right? 181 days of downtrend and -86% from all time high. But may be it's moment for some little bounce? We can see buy clusters on all time frames, cumulative delta is positive. Price now close to 50MA and 100MA. They are looking for flat, not downtrend anymore. Bull divergence on RSI show high possibility of bounce. At first we can see 16% bounce to MA, in case of market uptrend, it will go 42% to first resistance zone near $2.66-2.75.
SRMUSDT
An attractive short-term ideaIf I am told to consider an idea for the medium term, srm is undoubtedly one of my options, because technically after a leading diagonal we are now in log a of a large correction, so there is a correction that is priced with log a We will have fit, so our goal in this currency is to ride on an upward correction
In the end, this is a personal analysis and there is no certainty as to whether or not to do it
SRM Longfrom historic view point. both price pattern and MACD shows sign that the selling pressure is over. Now we shall look into making a new ATH
SRM : COULD THIS BE ITS BOTTOM? Support and resistance
(i don't think it's its bottom :DDD but there's no more support lower that)
.
Don't forget to place the stop loss at ur acceptable risk.
Trade safe and fun .
.
Feel free to comment & share ur ideas
.
SRM : SCALPINGNow i've been wondering why USDT and USD makes the chart looks so different
and why my previous analysis of SRM was positive lol
.
One thing i experience is that indicators doesn't play big roles in forecast
don't weight it much..
trend, candles and price action are always best friends
.
anyways ,
no professional financial advice please trade at ur acceptable risk. :P
TP at about 80% of actual target would be ideal
Trade safe and fun
.
Feel free to comment & share ur ideas
.
Previous analysis with USD chart
SRM will raise up and get 40-50% follow us to get best profit of the market.💎🔥
SRM will give us 50% profit soon just buy and hold.🤩😇
SRMHi Dear traders, this is my opinion, and I think SRM will go for the targets that I have mentioned in the chart. You can use it for futures trading with a 20x leverage. Be sure to use stoploss exactly on 2.36592. I am going to open my position too. Good luck, and please do not get greedy!
Faster,Cheaper & Powerful DeFi DEX (Serum Analysis)📈📉 ❇️Hello Crypto community Welcome for introduction of another crypto project.
🔹Rank ##162
SOLANA token / Market Cap:$$339,087,710
Circulating Supply: 133,231,781.00 SRM------------------ 1% /
Max Supply 10,161,000,000---------------------- 📛risky❌
🔹Holders Statistics:
Top 10 Holders
81.94% ------------------ 📛risky❌
🔰WHAT is Serum( SRM) ?
Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi).
Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and power their trading features for institutional and retail users.
coinmarketcap-projectserum.com
------------------------------------------------------------------------
📈📉 TECHNICAL
As you can see on the WEEKILY timeframe for SRM/USDT , It is trading about $2.54 right now.
SRM has formed a double top pattern and it went down by mare than 80% . now it reached to support area ,and i expect a reaction for here , so if bulls start to buy here ,it can have a correction and rise to first resistance area in first step .although its movement depend on market sentiments , and also there a possibility to further fall even to lower support lines based on target of double top pattern.
🛑resistance level: $5.2 -$5.8//$7.5-$8.33
❇️support levels: $1.5- $2///1 $/// 0.78$
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
SRM | Falling Wedge Formation..!!
#SRM (Update)
Falling Wedge Formation along with Bullish Divergence in Daily timeframe.
Bulls need some Decent Volume for Breakout.
Looks Promising for Breakout so Keep an eye on it.
In Case of Breakout Expecting +100-120% Bullish Wave.
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
$SRM Long IdeaTop line: $SRM is a good project - SPOT buys now for LT Hodl are entirely legitimate
*For rebound play - $BTC beginning to bottom as it does so playing certain ALTs will render > returns than BTC longs alone
*Suspect this bull run - (may not constitute full bull-market conditions) - will separate projects with better tokenomics and those with more institutional backing.
*$SOL ecosystem may not be CryptoVerse friendly (centralised, VC backed, majority whale controlled) - but it is institution friendly -> JRM $100m fundraising round for $SRM, $FIDA, $RAY, $MAPS, $OXY - all underwater despite 15% off market at dispersion, but all locked in for 5+1 years (cliff then differential vesting schedule) -> a.k.a These projects have legs
Looking now for dump to pull liquidity from majority residual long OI before producing a good run up
Macro Triggers:
14th Jan - USA Retail Sales MoM - est. 0%
17th Jan - China - GDP Growth Rate YoY announced - Previous 4.9%
18th Jan - Japan - BoJ interest rate decision
However trigger could just as easily be new announcements in CryptoVerse.
Timeframe: NEXT 3-15 days
Prediction:
Price to hit top somehwhere between red bars
Price Targets for subsequent buy ins in green
buy points SRM coin
We have three points to buy for Medium term
1-Room to run
2-Ftr D
3-Flag limit W (2TB and FTR D)
3- Base of Flag
Everything on the chart.
It's not financial advice.
Do not Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
THE ONLY SERUM I WANT TO TAKE RIGHT NOW! (UNDERVALUED PROJECT)Been a minute since we published an idea.
Today we look at the pair, SRM /USDT
First off, the Fundamentals,
SRM (Serum) is a decentralized exchange built on the Solana Blockchain that allows you to make both market orders and limit orders compared to traditional DEX's that only allow market orders namely; UNISWAP, SUSHISWAP & PANCAKESWAP etc.
In addition to being built on solana's blockchain, it also means that transactions are going to be quicker and faster than other DEX's and the fees are going to be lower than the likes of those built on Ethereum.
Serum was co-founded by FTX, Alameda Research & The Solana Foundation.
Now on to the Technicals,
From the chart we can see that from it's listing up until it's first rejection at resistance, as shown by the Fibonacci tool, we found a bottom at around the 0.382 fib region and bounced right off there to begin our impulse wave 3 whilst forming an ascending channel that looks to be respecting price action on the top of that wave, which was just under the 1.618 fib resistance.(Not shown for clarity reasons)
The 0.382 fib bottom gives us the idea that the entire impulse move is considered a First-Wave Extension, with wave 1 being the longest of them all.
Should histroy repeat itself, finding support here and bouncing right off it would give us a wave 5 price target in the range of
a few dollars under the $30 mark or a few above it, which alligns with our channel resistance and also ensures wave 5 is shorter than wave 3, confirming our First-Wave Extension Thesis.
If you agree with this idea, pls make sure to like and share.
Pls leave your thoughts in the comments section and as always, feedback is very much appreciated.
SRMUSDT, The price is coming in buy zoneGood Night everyone
Do you know about SRM?
SRM is one of the most popular exchange on solana ecosystem with many bonus for trading in and ...
If you want to learn fundamental & technical analysis ---> send us messages in private (Our id is in my profile)
According to the chart and previous analysis, the price exactly moved in downwards trend after it broke trendline, and at this time its coming through buy zone area, at there we expect the price can support can after some squeeze and consolidation in there its ready to move upwards.
We will update target very soon.
Good Luck
Abtin
Previous analysis :
An attractive idea (SRM)This is an analysis based on my visual strategy Not a fact...................
$BTC Long Update - ALT entries*BTC update - searching for entry
-> Following FED update - large net -ve outflow from exchanges, proportionally and historically
-> Leverage ratio at all time high (0.225)
-> Open interest decreasing
-> OI weighted funding rates finally moving negative
-> Max pain significantly above index prices
*Overall - on chain appearance indicative of closing in on bottom, but OI still elevated
Impression:
> Look for short term trigger for grind up, negative flush and then buy ins.
> My targets on screen
--> ALT triggers
Using BTC targets for ALT buys - proportional value % greater
Look for good projects, with more developed tokenomics, more established, likely to see divergence here from underdeveloped LCGs (low cap gems) - risk off in market atm
Target pairs:
$SRMUSDT
$AAVEUSDT
$SNXUSDT
SRM: Near-Term PT $15Diagonal / wedge structure that has a remarkably similar shape & feel to May - July has a near-term target of $15... SRM just received a major investment ($75 Million) from Tiger Global. This is one of the largest Hedge Funds in the entire world with $95 Billion in Assets Under Management (AUM). The reason this is a big deal for the state of DeFi / Crypto is that this is one of the most mainstream investors in terms of views on crypto that we could have enter the crypto foray. This is just as big as Dalio who has so far only dabbled his toes into the crypto space. A $75 million investment in the Serum Protocol is not just a mere dipping of toes but a full on swan dive into the pool. Most VC backed ventures only raise $1-3 million dollars in total. This shows the extreme confidence from one of the smartest minds in the world. Believe me, Tiger has a field of analysts that are 10x smarter than the rest of us, and they are going with the narrative of investing in geniuses like Sam Bankman-Fried who is the mind behind SRM and the Serum Protocol that on the surface appears to only be a DeFi trading project in reality is MUCH bigger than just DeFi. The entire ecosystem has many different projects using the Serum Protocol as its central engine. SRM is built using the Solana Protocol which currently boasts 65k TPS.
In my view Serum will overtake all DEXs (with their bloated fee structure and much slower finality in trading) on ETH protocols... which at last view if we just add up the market caps of the top 3 (Pancake, Sushi, and UNI), we get nearly $15 billion in market cap. Knowing that SRM is at 65k TPS and is scaling to 1 million TPS and 1 billion users and has major minds like SBF and Tiger Global behind it - I fully expect to see SRM dominate the DEX space in 2022 and garner 80% market share of all DEXs... let's just say that all DEXs today have a value of $40 - $50 billion. At 80% that means SRM could rise to $32 - $40 Billion Market Cap in 2022.
At the current market cap of $400 million that means a price of approximately $30. Uniswap reached a market cap of $22 Billion USD at its height but remember, this was on the ERC-20 protocol which is bloated, slow, and VERY expensive per trade. SRM is essentially free to trade, extremely fast, and is scaling to 1 million TPS in 2022. We could easily see a $40 Billion valuation in 2022 in my view and a PT of $30 in intermediate term.
SRM on nice formation, expect a breakout and 300% targetHello Friends,
SRMUSDT is forming a nice base. I am expecting a retest of the support and if price sustains, it will breakout.
So one can accumulate in this $3-$4, with sl below $3 on closing basis and can aim for $12-13, 16$
SRM - TA possible bullish scenario 4h I opened a Long just few minutes ago. Let's see what will happen 🚀. Don't forgett to like it, if you appreciate my work 👍
And that's the main reasons I decided to take a long:
► Double Bottom is formed
► Breaking out of this falling channel
► Breaking out of this falling channel confirmed
► Breaking out of the 200 MA
► High risk reward ratio
► Breaking out of this smaller (maybe you could see it) broadening falling channel
► Moneyflowindex in green (4h base)
Trading setup:
Entry: $3.73
SL: $3.195
TP: $5.65
Disclaimer: DYOR. No financial advice. Just for your impression.
Enough is enoughBottom of the pitchfork.
If you like the project this is the moment you buy.
Not financial advice
SRMUSDT - SETUPSRMUSDT price has just reached the apex of the triangle and this is a critical zone for bulls and bears. Now we are expecting bulls can take charge from here onward as they have better momentum with year-long trendline support. So a breakout from this area can trigger a bullish momentum towards 5.50 followed by 6.0. Good Luck!
Soon SRMUSDT will break the resistance and show us big Bull.Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
As you can see that SRMUSDT is also forming a falling wedge , so be ready for bull move.
What about me? Locally, of course, I would like to see this at with $4 to 6.
if it breaks the resistance, it means that we are going to bullish once again.
if not, then there will be another local decline, what option will be - time will tell, im just wait and hold my positions.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
