Sky has been trading near and has broken into the $2 range several times recently. There is a critical point of resistance between $2 and 2.25 and again around 3-3.14. There is an announcement scheduled for the end of June that I am hoping helps it break through one or both of these points of resistance. Also charted is the BTC price, which as many coins have...
$SKY Reached resistance level at ~17k sats with increasing volume..
UCTS Buy signal active on the 6H chart.
Breaking from here could lead to a new leg up to 29k sats (15%)
Make sure to set a proper SL in case that it get rejected from this level
Skycoin (SKYBTC) is showing a bullish chart by many different targets... Feel free to hit like now and let's get started with this analysis!
Skycoin (SKYBTC) Chart Analysis
We are looking at an ascending triangle.
Trading above EMA50 (0.000216).
No bear volume on the trace. Bull volume up.
MACD moving into the bullish zone.
If SKYBTC breaks...
$SKY / $BTC
Crossing over resistance at ~130sats w good volume
Some events coming over the next days including an IEO on LBank
If there is continuation, next target should be around ~160sats (15%)
UCTS Buy signal on the 6H chart
RSI reaching overbought levels.
Skycoin is now breaking out of a falling wedge, we are looking at the Binance chart for this altcoin pair; SKYBTC.
Let's take a look at the signals first... Thanks a lot for your support.
We have a volume breakout, a huge increase in trading volume the past two days.
Break above resistance (EMA5/10).
Bullish divergence on the MACD and RSI.
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...
Hope your are doing well. Sky has shown some potential during downtrend alts market period. from now on any alts could start the rally up at any moment. By the way there is no volume right now so watch out and be ready in case of pouring heavy money on Sky !
$SKY Trying to bounce from support zone at 18.4k sats as there is an "announcement of an announcement" for June 30th... You know how this played out in crypto, buy the rumour, sell the news.
Volume for now seems low
RSI Bullish Div
UCTS buy signal on the 6h chart aswell.
Skycoin started a nice uptrend since 15 days ago. A good news is it's not over since today we are experiencing a pullback to the daily red Kumo cloud. I believe there is a good buy opportunity around 245- 260 area , targeting upper lines in the chart.
Update on $SKY, Reached first target at ~26k sats...
Showing some rejection at this level (take in count the BTC pump...)
For now make sure to lock some profits updating SL or closing part of your position (25% up since UCTS Buy signal)...
$SKY... Buy the rumour, sell the news? Similar to $BTT, Sky will release a major announcement on June 1st...
Potential Symmetrical triangle in play
Volume is decreasing...
Both MACD & RSI trying to rise
A break over 22kSats with volume can trigger it...
$SKY Reached support & now is showing some bounce signals...
If it manages to break above 20200 sats with volume a new leg up can be expected to retest 25k sats levels..
"Major" announcement is scheduled for June 1st ... as we say in crypto "Buy the rumour, sell the news"