TogetherWeAccumulate
Long

#SKY : Upto 70% Profits Opportunity For The Mid Term.

BINANCE:SKYBTC   Skycoin / Bitcoin
#Accumulation_Recomendation
Pair : #SKY / #BTC
RSI : 44
Note : #SKY seems to be once again in a waking call for a reversal uptrend showing a good candle stick formation and a falling wedge breakout scenario. Most of the trading indications are also showing a very good bullish behavior for the shorter term trading opportunity. Currently trading in a good candle formation and is trying to confirm the upward bull run by breaking out the falling wedge . If the current candle stick could manage to close above the formed resistance line by the falling wedge triangle trade will be activated and confirmed for at least a short term profits. Volume looking fairly good for now and a little bit boost on it will be a good energy to confirm a good bounce from here. RSI and MACD are also showing a bullish momentum on favor of the bulls once again. And EMA is also on the way below the candle stick which will be taken us a bullish signal for the short term. Besides this the news announcement to be available tomorrow will have a fundamental impact for a pump which will likely to happen before some hours from the announcement. Since Bitcoin's move is impacting the whole ALTs market we need a really strict trading strategy though.
Accumulation Area : 150 sats - 170 sats
Distribution Area
Short Term:
Target 1 : 188 sats
Target 2 : 207 sats
Target 3 : 227 sats
Target 4 : 254 sats
Target 5 : 289 sats
Stop Loss : Close below 125 sats .
Risk : High
Capital Accumulation : 3%
@TogetherWeAccumulate
Amazing work, thanks for sharing! Leave us a like aswell mate :)
+1 Reply
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