#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%
@cryptotalk_et
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%
@cryptotalk_et