🔹 Pattern
SKI/USDT has been consolidating inside a large symmetrical triangle since April.
Price is nearing the apex of the triangle, which often leads to a sharp breakout in either direction.
🔹 Volume
Noticeable volume compression during consolidation, a typical sign of accumulation before expansion.
🔹 Key Levels
Immediate Resistance (breakout zone): 0.061 – 0.063
Immediate Support (breakdown zone): 0.050 – 0.052
Upside Targets (if breakout confirmed): 0.070 → 0.080 → 0.095
Downside Risk (if breakdown): 0.045 → 0.035
🔹 Outlook
A daily close above 0.063 with volume would confirm a bullish breakout, opening the way toward 0.07 – 0.08.
A drop below 0.050 could invalidate the setup and push price lower toward 0.045 or 0.035.
SKI/USDT has been consolidating inside a large symmetrical triangle since April.
Price is nearing the apex of the triangle, which often leads to a sharp breakout in either direction.
🔹 Volume
Noticeable volume compression during consolidation, a typical sign of accumulation before expansion.
🔹 Key Levels
Immediate Resistance (breakout zone): 0.061 – 0.063
Immediate Support (breakdown zone): 0.050 – 0.052
Upside Targets (if breakout confirmed): 0.070 → 0.080 → 0.095
Downside Risk (if breakdown): 0.045 → 0.035
🔹 Outlook
A daily close above 0.063 with volume would confirm a bullish breakout, opening the way toward 0.07 – 0.08.
A drop below 0.050 could invalidate the setup and push price lower toward 0.045 or 0.035.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.