SRM/USDT has formed another signal
Things are also looking very interesting in this cryptocurrency, as we have overcome the old high. Overcame is perhaps too early to say, as the week is not over yet either.
The chart with the conspicuous bottom formation
In charting there are various terms for trend changes. Here we see a so-called double bottom formation. Here, the bottom formation takes a longer time, unlike, for example, a V formation, which immediately runs in the opposite direction again.
A PG on the daily chart and the important closing price on a weekly basis.
Once again, a signal has formed on a daily basis. At the moment, we are above the trigger. Whether we can close here remains to be seen. If we now close above the $3.04 mark, it could also have an impact on the closing price of the weekly candle.
A correction after such a rally would only be normal but who knows when it will come. If we see a nice green weekly candle that closes above $3.19, then further rising prices are likely.
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
Discord Channel: https://discord.gg/j5A3CUq
Twitter: https://mobile.twitter.com
Legal Disclaimer:
I am not a financial advisor
nor is any content in this article presented
as financial advice. Never invest more
than what you can afford to lose.
This post is my personal opinion,
do your own research before making any investment decisions.
If you make any trades after reading this post,
it is completely in your responsibility.
I am not responsible for any of your losses.
By reading this post you acknowledge and accept that.
