Long
Serum SRMUSDT - Falling wedge + Elliott Wave + Channel
- On the daily chart, we can see a huge falling wedge - bullish reversal pattern.
- The wedge has been broken and retested by the bears.
- Also the price is forming a descending channel, so for a confirmation trade - wait for the channel breakout.
- Out profit target is top of the wedge or 0.5 FIB.
- As per my Elliott Wave analysis - the impulse wave has been completed successfully!
- There are definitely better altcoins to buy at this moments, but i want to share with you also this coin.
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
- The wedge has been broken and retested by the bears.
- Also the price is forming a descending channel, so for a confirmation trade - wait for the channel breakout.
- Out profit target is top of the wedge or 0.5 FIB.
- As per my Elliott Wave analysis - the impulse wave has been completed successfully!
- There are definitely better altcoins to buy at this moments, but i want to share with you also this coin.
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
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