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.
Ghi chú
SCRT/BTC 4HSCRT/BTC 1D
SCRT/BTC 1W
Ghi chú
add entries.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.