SCRT Secret Network

2021年10月25日

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

• - 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.

2021年10月25日

註釋

SCRT/BTC 4H


SCRT/BTC 1D


SCRT/BTC 1W

2021年10月30日

註釋

add entries.