Price is inside a bullish ascending wedge. Volume is rising. Historic volatility funnel is telling that liquidity is coming back big time. In my view we are approaching a big break out !!
Keep an eye on this one , breaking out on daily time frame. could see another scam pump in next few days , targets are : 5000 , 7500
------------------------------------------------------------------ What is Skycoin? ------------------------------------------------------------------ "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,...
Sky/btc Reason to buy 1 - Triangle 2 - ichimoku bullish 3 - macd crossing above zero 4 - whole market is bullish now 5 - retrace is over !
Here it is.
SkyCoin is a solid but unknown project that has several use cases and several working products (please refer to past posts). It has been bouncing inside a bullish wedge for about 4 months now, since big money wanted to get in (price spiked 800% in 1 day back in February 2021). There are 2 weeks left to get aboard. June 2nd should signal decision time. My guess...
#SKYBTC broke out long term resistance and confirmed it as support. we will see 100 - 200% upward move in coming weeks🚀
SKYBTC move above montly open price = bullish. MA's lining up on multiple tf. Volume good. risk 5-7%
SKY : Skywire Release Wait for the candle to close above the blueline with good volume. Go step by step.
From the last several days SKYBTC is constantly decreasing in value, and eventually is reaching EMA 100 support level. I’m expecting bounce from that level around 25% to 30%. Keep your stop loss around 3150, which was previous support level. From indicators side, stochastic RSI is strongly oversold and the most bottom level.
Looks like we are forming a symmetrical triangle pattern on 4H. If it breaks it can gain 170 % in $BTC! IMO. It is a buy rn.
End of falling wedge price action may be in a few hours