SCRT Technical Analysis: Bears Ready to Takedown $4 Level

SCRT coin price shows a high momentum bearish trend breaking below the $4.5 support zone and increasing pressure of the $4 psychological level. Key technical points: SCRT prices reach the $4 mark. The 50 and 100-day EMA give a death cross. The 24-hour trading volume of Secret is $21.72 Million, marking a 22% rise. Past Performance of SCRT SCRT prices fail to sustain the bullish reversal started on 18th April from the $4.50 support zone due to an increased supply dump near the 200-day EMA. As a result, the turnaround from the EMA breaks below the $4.50 support zone and creates multiple bearish candles accounting for an 18% fall last week. Source-Tradingview SCRT Technical Analysis The support zone fallout increases the bearish influence on the SCRT/USD price chart threatens the fallout of the $4 psychological level. Moreover, the increased trading volume and the three black crows pattern increase the chances of a $4 fallout. The 50-day EMA reaches the 200-day EMA to give a death cross while the 100-day EMA continues the downtrend. Hence, the EMAs are ready to achieve a bearish alignment in the daily chart. MACD Indicator: The fast and slow lines cross under the zero line and maintain a bearish alignment. Hence, the bearish trend increases the negative histograms intensity. RSI Indicator: The RSI slope falls under the 14-day average and the halfway mark implying a surge in the underlying bearishness. In a nutshell, the SCRT tech...