First 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
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.
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.
Not
SCRT/BTC 4HSCRT/BTC 1D
SCRT/BTC 1W
Not
add entries.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.