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What is Skycoin?
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"Skycoin (SKY) is an open-source, community-owned, hardware-based peer-to-peer internet that leverages the incentive structure of the blockchain.
Skycoin’s platform has been billed as 'completely secure,...
💎Technical Analysis Summary💎
BINANCE: SKYBTC
-Skycoin broke the weekly key level of support
-The price is starting to go lower while BTC is going higher
-Technically, this is bearish because the new Lower Low is made
-Since there is no logical support to be found
-Price discovery will occur and longer consolidation is expected
-So if you have a position please...
SKY/BTC
-Cross Ultimate indicator flashes Buy signal priority last July 10
-the price has increased over 80% returns
-there are two best entries highlighted on the chart
-assuming this is the temporary top price today
-immediate areas to watch is between 0.236-0.382 fib support
-wait for the price to consolidate and give bullish sign reversal
-please do not enter blindly
SKY/BTC
-the price reached the swing low support area
-if this is another potential bounce up
-we might see a retest of the trendline resistance again
-if a break of resistance is happening
-trend change and target the upside up to 7700s
-enter a Buy order once a line resistance is broken
hello traders just looked at sky coin for the first time, it appears to be in an accumulation zone. I expect it to pump to monthly resistance in black within the next few weeks. Breaking this level is extremely bullish and should give us a huge pump. A rejection from this will send us to weekly level blue, but that is a buy as this looks like textbook accumulation...
SKY/BTC
SKY broke bullish of this descending trend-line resistance but immediately rejected by the 200D MA.
Though rejection is seen on key resistance areas, Bulls still has the chance to prove this breakout is real and has more room for growth in the coming weeks.
Key areas must hold is between 6000 - 5000 sats to keep the uptrend momentum in good control.
Looking to break up from the wedge. The skybtc chart is at resistance as well. Both signaling a potential move up if it can break resistance we are at now.
SKY now are holding his support and we see a few bullish sign here.Macd it s oversold and it s still curbate up and also macd bear volume decrease.NICE Stoch Bullcross and RSI growing.We don t have ichimoku resistance at 1D timeframe so in my opinion this coin can grow from here. Targets 503-530-552-578-597
Tightness of consolidation and well defined structure + demand pressure in blue suggests an imminent breakout in Skycoin. Measured against Ether it'll likely be the stronger in the coming hours/days/maybe week(s).
