Hidden bullish divergence on BINANCE:SKYBTC
setting some clear resistances as targets, seems like a quick play with good R/R.
Target 1: 0.000074
Target 2: 0.000083
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Skycoin is consistently ranked as one of the most actively developed projects. After a few rough months, it seems that a new trend is trying to start. As BTC dominance fell from the 72-35 range back into the high 60s, Skycoin price seems to have stabilized in an accumulation zone.
Since there was a lot of mention of development, I setup github & started watching...
Pennant formation on SKYBTC, after a huge break out of a previous ascending triangle on the daily SKY seems like it wants to keep going for more, our first target would be the previous high, and from there on we can trail our stop-loss and see where we go first before taking another decision.
Target : 0.000072
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Skycoin (SKYBTC) printed a descending triangle which broke down at the beginning of September.
Now we are seeing a second triangle, this time in green, an ascending triangle with increasing volume and bullish indicators... This can lead to a strong impulse move.
If SKYBTC can move and close above the black line, it can grow much more and reach our target at...
Ascending triangle pattern breaking to the upside above ~5900 resistance level..
UCTS Buy signal active on the 12H & lower TFs.
RSI at overbought levels (bullish)
As targets ~6700 / 8300sats
Buying right now is riskier, wait for a retest/flip for an entry.
Ascending triangle while Bitcoin is having a breakdown, we are going to keep the targets not too greedy for now.
TP 1: 0.00006150
TP 2: 0.00006681
TP 3: 0.00007094
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The last few months have been a bumpy road for skycoin investors as the price eroded steadily after an attack on their domain and trouble with the control over primary social media accounts. They have migrated to a new domain and as well, regained control over the Twitter and relevant platforms. During this time the project had several notable upgrades to the...
Exchange : Binance
Buy Zone: 0.00005~0.000048
Target Point: 0.000053/ 0.000057/ 0.00007
S/L: 0.000046 or 0.000044(risktaker)
After making The Triangle, it borke The Triangle horizontally.
And now its volume is decreasing down. It`s time to pump!!
If you are risktaker, you can buy more SKYCOIN at...
SKY (Sky Coin)
- Falling Wedge Broke Out With Bullish Indicators & Strong Buyers Volume.
- MACD & RSI Bullish Divergence As Well IN Daily Chart .
- For Midterm, Looks Strong & Huge Profit Potential
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- Breakout + Retest Done..
- Awesome Volume
- Bullish TK Cross Expected. (Bullish)
- Buy Some Around 130 - 140 Sats
- Sell Targets 160 - 180 - 200 Sats
- Stop Loss Below 120 Sats
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