Skycoin (SKY) Jumps After Fake Breakdown!

BINANCE:SKYBTC   Skycoin / Bitcoin
Here I've marked a "fake breakdown of support", this happens when we see prices break below support just to quickly move back up.

This is a strong bullish signal because after this move is printed on the chart, what follows is strong bullish action.

Skycoin ( SKYBTC ) will now start to grow.

I've mapped multiple targets on the chart (black and magenta lines).

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good analysis
+1 Reply