๐ $SCRT Technical Analysis | 4H
Bias: Bearish ๐
$SCRT is currently under significant selling pressure, having declined over 21% in the last 24 hours. The price is trading well below both the 20-period and 50-period EMAs, while the EMA20 remains positioned below the EMA50, confirming a strong bearish trend on the 4H timeframe.
๐ Technical Indicators:
โข EMA20: 0.0090
โข EMA50: 0.0114
โข RSI14: 33.11
โข MACD: -0.0010
โข 24H Change: -21.11%
๐ป Key Support: 0.0067
๐บ Key Resistance: 0.018
The bearish momentum is supported by the MACD, which is currently below its signal line with a negative histogram. With the RSI at 33.11, momentum is notably weak, though it has not yet reached oversold territory. The current structure favors the bearish side, and further confirmation is needed to see if the price can stabilize near the 0.0067 support level.
โ ๏ธ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish ๐
$SCRT is currently under significant selling pressure, having declined over 21% in the last 24 hours. The price is trading well below both the 20-period and 50-period EMAs, while the EMA20 remains positioned below the EMA50, confirming a strong bearish trend on the 4H timeframe.
๐ Technical Indicators:
โข EMA20: 0.0090
โข EMA50: 0.0114
โข RSI14: 33.11
โข MACD: -0.0010
โข 24H Change: -21.11%
๐ป Key Support: 0.0067
๐บ Key Resistance: 0.018
The bearish momentum is supported by the MACD, which is currently below its signal line with a negative histogram. With the RSI at 33.11, momentum is notably weak, though it has not yet reached oversold territory. The current structure favors the bearish side, and further confirmation is needed to see if the price can stabilize near the 0.0067 support level.
โ ๏ธ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
