yop last trends are getting broken, ready to move on and getting pump after a long period of dormancy above the blue trend line.
can't say much but the most probable thing in my opinion is this!
momentum is clearly reversed right now and if it holds the blue trend; it will break its only remained downtrend, So I expect that we will see a big trend break and high probably hit and cross the ATH.
the blue brushed line, would be the best try for lit to stay up... 100% dump would happen and about 5.4 would be a good level to buy to reshort at a higher price with trend line criteria.
The blue line at the bottom is a very good place to buy ( but the lower trend may get hit too), above dotted lines are sell lines
The only possibility for SKL to go up would be bitcoin radical burst.
Trends are shown in this chart and the most possible best target area is about that yellow resistance level.
Two green trend lines are for trend channel, this top trend line has respected all the time (from far back till now) So, it is true criteria, It hit the top (upper trend line), time to short then ;) .
Two red trend lines are for trend channel, this top trend line has respected all the time (from far back till now) So, it is true criteria, It hit the top (upper trend line), time to short then ;) .
Green line has touched much more and the last trend line is new, So it's stronger so, most probably we would break the support, and we'll go to hell...