๐ $SCRT Technical Analysis | 4H
Bias: Bearish ๐
$SCRT is currently facing significant selling pressure, recording a decline of over 21% in the last 24 hours. The price action remains firmly below both the 20 and 50 EMAs, with the 20 EMA positioned below the 50 EMA, confirming a sustained downtrend 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
Momentum remains weak as the RSI sits in bearish territory and the MACD stays below its signal line with a negative histogram. While the price is approaching a key support level at 0.0067, the current technical structure continues to favor the bearish side. Further confirmation of a trend shift would be needed, as a recovery above the EMA resistance levels is required to weaken the existing downside pressure.
โ ๏ธ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish ๐
$SCRT is currently facing significant selling pressure, recording a decline of over 21% in the last 24 hours. The price action remains firmly below both the 20 and 50 EMAs, with the 20 EMA positioned below the 50 EMA, confirming a sustained downtrend 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
Momentum remains weak as the RSI sits in bearish territory and the MACD stays below its signal line with a negative histogram. While the price is approaching a key support level at 0.0067, the current technical structure continues to favor the bearish side. Further confirmation of a trend shift would be needed, as a recovery above the EMA resistance levels is required to weaken the existing downside pressure.
โ ๏ธ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
