SCRT (Update)Update from my previous analysis on SCRT.
Main Points
-Moving Avgs
-Chart Patten
-News + Fundamentals
Prev. Analysis linked.
SCRTUSD trade ideas
SCRT is still bullish to meSee my related idea. SCRT is in a bull run period. It might ultimately look like LUNA or ATOM. 20$ SCRT is possible. Please trade with caution but don't miss this boat. Volume is still here to support the trend. Short term, low risk, high rewards scenario here. Good luck traders.
#SECRET per usdt if #SECRET can break resistance at 9.91 and close a candle above it maybe go to the new ATH
SCRT LongSCRT is now consolidating for another bull run. It recently build a wedge with HL on 27 Oct, 31 Oct and 2 Nov. I expect it will hold ~8.8 level and shoot up to ~13.
For indicators, SAR flashes green light but OBV is still mild. You might look for confirmation if you are concerned about this.
For catalysts:
Opensea X Secret Network
Nov 3: @Iconic_Secret reveal
Nov 7: @Shade_Protocol snapshots begin
Nov 9: @SecretNetwork Supernova #IBC upgrade
These could be huge and trigger the revaluation on privacy solution like SCRT. Privacy is our human right and Secret is in a good position.
SCRT Potential Scenarios - For The Demon SlayersNOTE: This is not financial advice. Literally, just a chart for the boys, aka, the Demon Slayers. I reckon one of the coloured lines will play out, question is, which one. Place your buy orders wisely, and sit back anon.
SCRT LongPotential Institutional Buying...Breaking resistance level. Trail your profit and control your position size.
SCRT Secret NetworkFirst time breaking weekly highs (close) since 2018. There was already had a test and rejection and now have the continuation back into resistance. On a lower timeframe this looks like a W-Reversal or a cup & handle depending on the base.
The SCRT/BTC Pair looks bullish to me and has a lot of strength on top of support. Momentum play. SCRT/BTC Chart below.
Outside of the technical aspect, SCRT is the
- first blockchain with data privacy by default
- pioneered private smart contracts(Secret Contracts)
- transactions all private
Likely to gain more popularity now due to the privacy feature. I also have been noticing a lot of social interaction. NFTs are being added to the network --> integration w Opensea. Adding to this, there is also the Supernova Mainnet launch on Nov. 7. This could create a sell the news event, meaning people will be accumulating until then = price rise then dump. Or the news simply creates more FOMO and more people buy.
There is also not much CEXs with USDT pairs (Only SCRT/BTC or ETH). Not exactly certain how a USDT listing on a popular CEX would impact price but that is also something to keep in mind.
SCRT USD + 35% in 24h - Very Bullish - Cup with Handle PatternIf we break the resistance at the levels of 10.60 - 10.90 USD the walk to the moon will continue.
Cheers.
#SCRTUSD Bullrun Is Not Yet Complete!Secret Network Hits a New ATH of $8.33
If you still have a bag of $SCRT, then you can keep it until my next 2 main targets at the levels of $11 (x6) & $19 (x11). Good luck everyone!
The Secret Network revealed 🔲🔴🔺Squid games in Pitch Fork.
Upward trend for networks that focus on privacy.
Call me crazy but SCRT may be heading towards 8$ and beyond.Volume is very powerful and pattern seems to repeat itself. Bullish as fk imo. Look at their website: scrt.network for more information on the projet. It has some issue but nothing that can't be fix. Great opportunity for traders.
If the flag breaks, it will rise to 6.5This analysis does not apply to traders and holders.
In the four-hour time frame, we are involved in a triangle that we expect to climb to the size of the flagpole in case of failure.
The range of 6.4 is a very important resistance, which is the resistance of 2.618 Fibonacci previous wave and the target of the flagpole.
SL 4.9
TP 6.45
RR 3.3
SCRT/USDSecret-Network is one of our favorite Blockchain projects, we offer that if you're interested in investing in a blockchain product that has the potential to bring new possibilities in modern Finance read the white paper and look at the ecosystem.
we think the best zone to enter in a long position is here and the best time is when the price stabilizes itself on the temporary-broken red trendline.
Note-1: if the price failed to stabilize itself here, don't miss this crypto, any lower price is another opportunity.
Note: this analysis Presentation is part of our NFT-Contract with a brilliant guy who is the one who bought the First-ever Financial NFT-Contract in internet history "NotTodayNONONO".
5.5 Significant support and $ 4.5 in case of failureIn the event of a break of the $ 5.5 resistance, which is the resistance of 1 Fibonacci and the Kijonsen Flat line, Double-Top is stabilized and I expect it to fall to the range of $ 4.5.
If we draw from the previous Fibonacci wave, the $ 4.5 range is at 1,618 Fibonacci, as well as the previous classic resistance of this currency in the previous uptrend.
Of course, in my opinion, if the uptrend is to be maintained, it will not reach $ 4.5, and the downtrend will end a little sooner.
GIANT Cup & Handle on weekly SCRTUSD, golden MacD cross imminentThere have been so many bullish developments on Secret Network lately I don't know where to start. Most recently a bridge was made to Monero allowing XMR holders to participate in private DeFi for the first time on their SecretSwap DEX. Upcoming Terra bridge + IBC transfers to link SCRT to the rest of the bustling Cosmos ecosystem, alongside a major mainnet upgrade in October.
On the chart, we can see a giant cup & handle pattern finally giving us some upside & finality in Q3 & 4 2021. We are also about to see a golden cross & green buy signal on the MacD crypto strat, which in my book is always a good sign!
If the handle plays out well we could see a fantastic run all the way up to the $9.44 range & above, based on the fibonachi retracement at 1.618. However, looking at the performance of LUNA & other Cosmos native coins lately, we could be in for a lot higher!
Looking across the privacy coin sector we can see a lot of undervalued projects with great fundamentals. I will be scouting out some bargains in this overlooked area of the crypto-space, before the big players get in!
Please feel free to message me with any follow-ups :)
NOT FINANCIAL ADVICE, JUST OPINIONS IN THE ETHER
SCRT on it's way for 3$ or imminent rejection incoming. Possible Cup and handle and break out to target price 3$. We could also see a rejection and head lower. The most likely scenario is a break out because of the peak in volume. SCRT is an interesting project. Bullish sentiment in DEFI cryptos and alts. Keep an eye on this one.
Fresh from the Kitchen 🥯 - Secret Network Breaking out! 🔥Secret Network is breaking out on the 9 Daily. The candle is expected to close tomorrow. Get it while it's hot.
Secret pushing to complete fib retrace. Secret has been incredibly bullish and looking to push for the local top set in May.
We may see a small consolidation here at the 0.786 levels before a push on the local top at ~$5.30
If this level breaks then the 1.618 and 2.618 levels come into play at $8.30 and $12.97 in the short term.
