SRMBTC movements still follows the PitchFrok I draw in my first analysis on this coin.
Checking it's hourly fluctuations we can see a bullish wedge (blue lines) and a triangle (upper blue line and the orange support line).
The wedge pattern is more clear in SRMUSD pattern
The recent movement can be considerate a move to start the bull, but I'd be careful as it may be continuum of the wedge or triangle patterns (the upper light -green and -purple lines)!
Happy trading
Checking it's hourly fluctuations we can see a bullish wedge (blue lines) and a triangle (upper blue line and the orange support line).
The wedge pattern is more clear in SRMUSD pattern
The recent movement can be considerate a move to start the bull, but I'd be careful as it may be continuum of the wedge or triangle patterns (the upper light -green and -purple lines)!
Happy trading
Comment:
Forgot to mention that since Aug. 16th the fluctuations has also been within a Parallel Channel
Comment:
Following the channel pattern, it already reached the first target (1.6 Channel Fibo) which is at the same level of one of previous peaks (Aug 16th).
As you all know, it is an important resistance point and we ca expect support from 1.27 0r the top of the channel.
lets see if it can break it and try CF 2.0 and then 2.6.
CF 2 is very important.
As you all know, it is an important resistance point and we ca expect support from 1.27 0r the top of the channel.
lets see if it can break it and try CF 2.0 and then 2.6.
CF 2 is very important.