SKY/BTC Phoenix to be or not to be? that is the question.
Updated
Hello Friends,
Looking at the 4hr chart we can see a doji forming that at times morphs into a inverted hammer, this is a signal for a move up. The TD count is at a 4 and seems to have support for now. The RSI is oversold but curling upward. Considering the way BTC/ETH and LTC have been behaving, the norm is for cryptos to follow once top coins begin to consolidate.
Details are on this chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
Looking at the 4hr chart we can see a doji forming that at times morphs into a inverted hammer, this is a signal for a move up. The TD count is at a 4 and seems to have support for now. The RSI is oversold but curling upward. Considering the way BTC/ETH and LTC have been behaving, the norm is for cryptos to follow once top coins begin to consolidate.
Details are on this chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
Trade closed: stop reached
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