Serum barely felt the correction from yesterday and today we're back in force recovering all the loss and breaching a key resistance at around $6.4. Any more push up and we're going to breakout towards our current ATH of $8.15.
This is a very bullish price action and want you want to see when you are looking for longs.
Indicators are looking sexy on almost all timeframes. Probability for continuation is very high and I don't see SRM facing much resistance until it reaches its previous all time high.
What we want to see is price making the 6.4$ level support and then we should be clear to push higher. That is also your buy signal with a nice target at 8$. A decent 20% is possible here. Do watch ETH and BTC, they need not drop again as that will pulldown or delay SRM in this move.
Overall, still very bullish.
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This is a very bullish price action and want you want to see when you are looking for longs.
Indicators are looking sexy on almost all timeframes. Probability for continuation is very high and I don't see SRM facing much resistance until it reaches its previous all time high.
What we want to see is price making the 6.4$ level support and then we should be clear to push higher. That is also your buy signal with a nice target at 8$. A decent 20% is possible here. Do watch ETH and BTC, they need not drop again as that will pulldown or delay SRM in this move.
Overall, still very bullish.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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