SCRT Technical Analysis: Trendline Breakout Struggles Near 200-day EMA

SCRT coin price rises above the long-coming resistance trendline with a reversal fueled by the evening star formation below $4.50. Key technical points: SCRT coin price approaches the $5 mark The RSI slope surpasses the 14-day average The 24-hour trading volume in the Secret is $54 million, marking a 135% rise. Past Performance of SCRT SCRT prices overcome the high-selling pressure at the highly influential resistance trendline with a reversal fueled by the morning star pattern slightly below the $0.45 mark. However, the rising prices struggle to surpass the 200-day EMA. Moreover, the retracement comes as the retest of the EMA fallout. Source-Tradingview SCRT Technical Analysis SCRT prices show an overnight growth of 10% resulting in the bullish engulfing candlestick reflecting the release of underlying momentum. Therefore, a breakout of 200-day EMA will result in a price jump to $5.50. The crucial 200-day EMA maintains sideways movement as the 50-day EMA falls by threatening to give a death cross in the daily chart. However, the rising prices attempt to reverse the 50-day EMA and avoid the death cross. RSI Indicator: The RSI slope skyrockets above the 14-day average and the 50% mark as the altcoin approaches $5. Stochastic RSI Indicator: The sudden K and D lines surge brings a bullish crossover in the oversold zone. In short, SCRT technical analysis shows schemes a possibility of the bullish rally reaching $5.5. Upcoming Tren...