✴️ Secret Network Volume Analysis Potential Reversal

In mid-April 2023 Secret Network (SCRTUSDT) starts a strong decline. Before this date, the trading volume was completely flat.

As the drop develops, we see an increase in both bearish and bullish volume; days closing red as well as days closing green.

On the 4th of August, bearish volume peaks.
While the drop continues, buyers start to outnumber the sellers.

On the 15th of September, a new All-Time Low is hit but the bearish volume is super weak. This same day as a new low is hit the daily candle reverses and ends up closing green.

This behaviour signals that the bears have no more strength.

After moving sideways for 3 weeks, the SCRTUSDT pair starts to see bullish volume shoot up.

The bulls started showing their faces in May and seeing how weak the sellers are, they are now jumping back in with better prices and lots of ammunition for a major wave.

This type of price action is all pointing to a bottom or low being in.

Now that we see high volume and prices move above EMA21 and EMA10, we can start betting on the potential start of a new bullish wave.

We prepare by placing a mental stop at the last low (0.2300) and setting some targets to sell on the way up... This is not financial advice. I am sharing my personal experience, nothing more.

Thank you for reading.

Namaste.

Comment:

Secret Network breakout confirmed.
+43% as the first target is hit.

Additional growth is possible, here are the targets short-term:

Much more can happen mid- and long-term.

Thanks a lot for your support.
Patience is key.

Comment:

Secret Network has grown nicely but we have a full green candle today, which points towards additional growth.

This bullish wave has more to give, much more.

When we zoom out and look at the weekly, we have 900% or more, 1,250 growth potential medium-term.

Comment:

The 2023 bullish wave peaked at 155% but 2024 promises to give us much more.