patternrcg

SKYBTC Price Action

Long
BINANCE:SKYBTC   None
Here is an interesting chart. The auto center has to be turned off to show detail on the recent price action. The reason, a surge in interest on Feb. 3rd pushed the price up beyond the range of the chart by a good ways. While not a lot of volume came in at those prices, it did bring a lot of attention to the project.

This custom script looks at volume coming in above the moving averages. Often this is considered a very bullish signal and charts that as green. Because of the low volume above the MA, my indicator doesn't react that much to the first pump.

It is the 2nd move that is to note... This one comes in on solid volume and the indicator reacts.

It wiil be interesting to see the next move as it seems to be squeezing into a range at the moment.

There has been some interesting developments in the project of late. Rather than post the info, please DYOR. Here is a few starting points;

github.com/skycoin Main Repos
t.me/Skycoin Telegram Main Channel
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